WHAT IS A SUCCESSFUL BUSINESS?
Success in business is measured in different ways:
Achieving ... <ul><li>profit </li></ul><ul><li>the aims of the organisation </li></ul><ul><li>good sales figures </li></ul>
Stakeholders Employees Community GOOD RELATIONSHIPS
Leading innovation <ul><li>Developing new ideas and making discoveries </li></ul>
Achieving growth <ul><li>Internal/external expansion </li></ul><ul><li>Mergers </li></ul><ul><li>Takeovers etc </li></ul>
Providing a good quality product or service <ul><li>A good reputation can be worth a lot of money - think of Marks and Spe...
Having good resource management <ul><li>Using resources efficiently (ie staff, money, materials etc) to make most profit <...
Having a large market share <ul><li>Selling more than your competitors </li></ul>
Achieving a surplus of funds or breaking even <ul><li>For public and voluntary sector organisations </li></ul>
These measures of success ... <ul><li>. . .   tie in with the objectives of different types of organisations which you stu...
    Read the case study on Worksheet Successful Businesses – worksheet 1 and answer the questions.
Upcoming SlideShare
Loading in...5
×

Standard Grade Business Management - What is a Successful Business?

2,112

Published on

Published in: Economy & Finance, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
2,112
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Standard Grade Business Management - What is a Successful Business?

  1. 1. WHAT IS A SUCCESSFUL BUSINESS?
  2. 2. Success in business is measured in different ways:
  3. 3. Achieving ... <ul><li>profit </li></ul><ul><li>the aims of the organisation </li></ul><ul><li>good sales figures </li></ul>
  4. 4. Stakeholders Employees Community GOOD RELATIONSHIPS
  5. 5. Leading innovation <ul><li>Developing new ideas and making discoveries </li></ul>
  6. 6. Achieving growth <ul><li>Internal/external expansion </li></ul><ul><li>Mergers </li></ul><ul><li>Takeovers etc </li></ul>
  7. 7. Providing a good quality product or service <ul><li>A good reputation can be worth a lot of money - think of Marks and Spencers </li></ul>1st
  8. 8. Having good resource management <ul><li>Using resources efficiently (ie staff, money, materials etc) to make most profit </li></ul>
  9. 9. Having a large market share <ul><li>Selling more than your competitors </li></ul>
  10. 10. Achieving a surplus of funds or breaking even <ul><li>For public and voluntary sector organisations </li></ul>
  11. 11. These measures of success ... <ul><li>. . . tie in with the objectives of different types of organisations which you studied previously </li></ul>
  12. 12.   Read the case study on Worksheet Successful Businesses – worksheet 1 and answer the questions.

×