Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Defining Business: From Raw Materials to Recognized Revenue
Key Business Functions: The Pillars Of Success For All Sizes
Unraveling Economic Sectors: From Raw Materials To Advanced Information
Top Reasons To Start A Business: Opportunities Unveiled!
Unlocking Success: Essential Steps for Start-Up Businesses
6 Steps To Avoid: Common Pitfalls New Businesses Face
Unveiling Business Basics: From Resources To Sectors
Starbucks & Tata Coffee: A Strategic Union Explained
Private Vs. Public Sectors: Key Differences Explained
Exploring Common Types Of Profit-Based Organizations
Unraveling For-Profit Social Enterprises: Purpose Over Profit
Understanding Non-Profit Social Enterprises: Key Insights
Understanding Business Types: From Sole Trader To Social Enterprises
Understanding Private Vs. Public Sectors: O2S Case Study
Vision Vs. Mission: The Key To Successful Business Aspirations
Unlocking Business Success: Aims vs. Objectives, Strategies vs. Tactics
The Imperative for Businesses to Adapt: Internal and External Triggers
Unlocking Corporate Social Responsibility: Its Power & Impact
Mastering SWOT Analysis: Strategic Planning For Business Success
Unlocking Growth: Dive Deep Into Ansoff Matrix Strategies
Essential Business Checklist: Vision, Mission, Strategy & More!
Discover Route 11 Chips: Sustainable Snacking Redefined!
Understanding Stakeholders: Internal Vs. External
Stakeholder Insights: Internal Vs. External Interests Revealed
Ecosoluciones: Transforming Alumbre With Wind Energy
Mastering STEEPLE: Navigate Business Growth Amidst External Factors
Understanding Economies & Diseconomies of Scale in Business
Unveiling STEEPLE: Key Influencers of Business Success
Unlocking Acquisition Insights: The Tale of Statson Inc & FlowForm
Understanding Globalization: Its Impact On Modern Business
Secrets Behind Multinational Companies' Rapid Growth
Multinational Companies: Boon or Bane for Host Countries?
Unveiling MNCs: Impacts On Global Economies
Khumalo Pottery Vs. American Giant: A Tale Of Authenticity And Scale
Internal Vs. External Business Growth: Which Is Best?
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Business Management HL
Unit 1 - Introduction To Business Management - QB
Defining Business: From Raw Materials to Recognized Revenue
648 words
4 mins read
Last edited on 5th Nov 2024
Table of content
What is a business? 🏢
- At its core, a business seeks to satisfy human needs and wants through a variety of activities.
- Real-World Example: Imagine a bakery (business). They use flour, sugar, and other ingredients (inputs) to make delicious cakes and pastries (output) to satisfy your sweet tooth (a want)!
Types of business activities
- Producing or extracting: Growing crops or mining raw materials.
- Example: A farm growing strawberries or a company mining gold.
- Creating products: Manufacturing and assembling goods.
- Example: A factory making toys or gadgets.
- Providing services: Offering non-tangible assistance or activities.
- Example: A hair salon giving haircuts or a gym offering fitness classes.
Diverse business approaches 🎭
- Single Activity Businesses: Focus on one type of activity.
- Example: An olive farm.
- Multi-Activity Businesses: Engage in multiple related or unrelated activities.
- Example: A farm that grows olives and also produces its own olive oil.
The business value creation process 🚀
- Businesses take resources (inputs) and process them to generate products or services (outputs).
- By doing this, they add value to the inputs. That's how a raw apple is turned into a yummy apple pie!
- The reward? Revenue from sales and recognition!
Unconventional businesses? 🤔
- Not all entities that operate like businesses are traditionally seen as businesses.
- Charities, religious organizations, clubs – they all operate with business principles.
- Example: A church may need financial resources for renovations or a charity might sell merchandise to fund its causes.
Unlock the Full Content! 
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟
Business Management HL
Unit 1 - Introduction To Business Management - QB
Defining Business: From Raw Materials to Recognized Revenue
648 words
4 mins read
Last edited on 5th Nov 2024
Table of content
What is a business? 🏢
- At its core, a business seeks to satisfy human needs and wants through a variety of activities.
- Real-World Example: Imagine a bakery (business). They use flour, sugar, and other ingredients (inputs) to make delicious cakes and pastries (output) to satisfy your sweet tooth (a want)!
Types of business activities
- Producing or extracting: Growing crops or mining raw materials.
- Example: A farm growing strawberries or a company mining gold.
- Creating products: Manufacturing and assembling goods.
- Example: A factory making toys or gadgets.
- Providing services: Offering non-tangible assistance or activities.
- Example: A hair salon giving haircuts or a gym offering fitness classes.
Diverse business approaches 🎭
- Single Activity Businesses: Focus on one type of activity.
- Example: An olive farm.
- Multi-Activity Businesses: Engage in multiple related or unrelated activities.
- Example: A farm that grows olives and also produces its own olive oil.
The business value creation process 🚀
- Businesses take resources (inputs) and process them to generate products or services (outputs).
- By doing this, they add value to the inputs. That's how a raw apple is turned into a yummy apple pie!
- The reward? Revenue from sales and recognition!
Unconventional businesses? 🤔
- Not all entities that operate like businesses are traditionally seen as businesses.
- Charities, religious organizations, clubs – they all operate with business principles.
- Example: A church may need financial resources for renovations or a charity might sell merchandise to fund its causes.
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟
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