Business Studies - Introduction
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This document provides an overview of a vocational business computing course. The course aims to introduce students to different types of businesses and how they function. It will cover writing CVs and letters of application, using computers for business communication, designing accounting spreadsheets, and running a small business as a group project. Students will also study different types of businesses including manufacturers, service businesses, retailers and distributors. The course will classify businesses into categories like agriculture, mining, financial, utilities, real estate, and transportation. Students will complete a case study presentation on a selected business in groups.
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Smith, the father of Economics, published “The Nature and
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- The definition, nature, and scope of business as an economic activity involving the purchase, production, and sale of goods and services with the goal of earning profits.
- The different types of industries including primary, secondary, tertiary and how they relate.
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1) ICT has significantly impacted business operations in areas like accounting, finance, human resources, and sales by automating processes and providing data analytics.
2) ICT basics are explained, including how technology plays a vital role in running businesses by increasing efficiency, communication, and data management capabilities.
3) The roles of ICT in business are outlined, such as enabling inventory management, communication, customer relationship management, and other productivity improvements.
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This document provides an overview of different forms of business organization, including sole traders, partnerships, private limited companies, and public limited companies.
1) Sole traders are the most common form of business and are owned and run by one person, but they have unlimited liability and limited financing options.
2) Partnerships involve 2-20 people who jointly own and operate a business through a partnership agreement, sharing both profits and unlimited liability.
3) Private limited companies have separate legal identities from their owners and allow owners to sell shares with limited liability, but shares cannot be freely sold without consent.
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The document discusses the company's plans to launch a new line of smart home devices next year. It details three new products - a smart speaker, smart thermostat, and smart door lock - that will be unveiled at CES and available for purchase in early 2023. The smart speaker will respond to voice commands and allow hands-free calls, the thermostat can be controlled remotely via an app, and the door lock can be unlocked from a phone.
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The activity of seeking wealth is as old as Human
Civilization. Human beings either as individuals or as groups
or as large kingdoms and empires have always been engaged
in acquiring and increasing the material wealth.
However, a discipline study of the wealth producing
activities was commenced about 230 years back when Adam
Smith, the father of Economics, published “The Nature and
Causes of Wealth of Nations”. Economics, as a discipline,
constitute the most important subject to analyze activities
related to wealth creation and distribution. The dimensions of
the subject of Economics are truly vast and encompasses all
aspects of our lives.
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This document discusses the difference between positive and normative statements. It provides examples of each:
- Positive statements make claims that can be tested as true or false, like "the moon is made of green cheese."
- Normative statements express value judgments or opinions that cannot be tested, like "the state pension should be cut in half because pensioners are parasites."
The document emphasizes the importance of distinguishing between objective, fact-based positive statements and subjective normative statements when reading articles about current issues and policy decisions. Positive statements report facts while normative statements aim to persuade with value judgments.
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This document provides an overview of a vocational business computing course. The course aims to introduce students to different types of businesses and how they function. It will cover writing CVs and letters of application, using computers for business communication, designing accounting spreadsheets, and running a small business as a group project. The document defines different types of businesses including manufacturers, service businesses, retailers and distributors. It provides examples of each type and key terms. Students will create case studies on assigned businesses as a course project.
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This document provides an overview of business studies concepts for a revision booklet. It includes definitions of key terms like economic problem, opportunity cost, specialization, adding value, levels of business activity, economic systems, characteristics of successful entrepreneurs, business measurement, reasons for business expansion, reasons for business failure, and types of business organizations like sole proprietorships. The document is intended to help students review important topics in business studies.
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The UK has a mixed economy with both public and private sectors. Primary production involves acquiring raw materials through activities like mining, drilling, and tapping. Secondary production manufactures and assembles raw materials into components and products. Tertiary production supports production and distribution through services like transportation, retail, and insurance. These stages form the chain of production that provides consumers with finished goods.
Introduction Of Accounting
Accounting provides quantitative financial information to stakeholders to help them make informed business decisions. It involves identifying, measuring, recording and communicating economic information. The key financial statements are the income statement, balance sheet, statement of changes in equity, and cash flow statement. These statements provide information on a company's profitability, financial position, cash flows and changes in equity. Accounting plays an important role as the language of business and a decision-making tool.
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This Power-Point presentation is being used by the department of business administration to emphasize about the importance of business.
American International University-Bangladesh.
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The document provides an overview of accounting, including its objectives and uses. It discusses that accounting involves recording, classifying, and summarizing financial transactions. It notes that accounting is required wherever money is involved to account for economic resources. The document also outlines the basic accounting equation of Assets = Liabilities + Owner's Equity and discusses key accounting concepts such as revenues, expenses, assets, liabilities, the double-entry system. It explains that accounting provides important financial information to various stakeholders like owners, management, creditors, investors, and governments.
Data collection methods
Secondary data refers to data that has already been collected by someone else, while primary data is data that is collected by the researcher themselves. Some advantages of using secondary data include not having to reinvent the wheel, saving time and money, and the data may be very accurate if collected by a government agency. However, secondary data can be limited by being outdated, incomplete, or inconsistent over time. Primary data collection allows customizing data to specific research questions but is more time consuming and expensive. Researchers must determine if their question can be answered by existing secondary data or requires new primary data collection.
Methods of data collection
Data are numerical facts collected systematically for research purposes. Economists study phenomena and draw conclusions from collected data. There are two main sources of information: primary and secondary data. Primary data involves collecting original data directly from sources for a specific research purpose, such as through observation, interviews, questionnaires, or schedules. Secondary data refers to data that was originally collected by someone else for another purpose and has been published, such as government publications, journals, or reports.
Swot analysis
The document provides information on conducting a SWOT analysis, including:
1) SWOT analysis involves analyzing internal strengths and weaknesses as well as external opportunities and threats. It is conducted in three steps - analyzing the internal and external environment, performing the analysis and documenting it, and preparing action plans.
2) The analysis should involve brainstorming with selected contributors to identify the key strengths, weaknesses, opportunities, and threats, then prioritizing the most important factors.
3) SWOT analysis can benefit strategic planning and decision-making but also has pitfalls like being subjective and missing strategic factors if not conducted carefully. Regular analysis is needed due to changing conditions.
Methods of data collection
There are various methods for collecting primary and secondary data. Primary data collection methods include observation, interviews, questionnaires, and schedules. Secondary data refers to previously collected data that is analyzed and available for use in other studies. Factors to consider when selecting a data collection method include the nature, scope, and objective of the research, available funds and time, and required precision.
Swot analysis
This document provides information about conducting a SWOT analysis including definitions of its key parts. A SWOT analysis involves analyzing internal strengths and weaknesses as well as external opportunities and threats. It is used as a planning tool to understand these factors for a project, business or organization. The document outlines the steps to conduct a SWOT analysis which are to analyze the internal and external environment, perform the analysis and document it, and prepare action plans. Potential pitfalls and tips for effective SWOT analysis are also discussed.
Swot Analysis
A SWOT analysis identifies an employee's strengths, weaknesses, opportunities, and threats. It is a tool that managers can use to help employees develop their careers by focusing on their talents, minimizing weaknesses, and reducing threats. The document provides examples of what to consider for each component of the SWOT analysis, and emphasizes conducting the analysis and subsequent career discussion with the employee in a sensitive manner focused on their goals.
Introduction to economics
Economics is the study of how individuals and societies make decisions about using scarce resources to fulfill wants and needs. It can be studied at the macro level of whole economies or micro level of individual decision making. Resources are limited so choices must be made between alternatives, which involves tradeoffs. Production requires factors of land, labor, capital and entrepreneurship to transform inputs into goods and services. Firms aim to maximize profits by equating their marginal costs with marginal revenues from sales. Different economic systems approach these decisions in various ways such as traditional economies based on custom, command economies controlled by the government, and free market economies driven by supply and demand.
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The document discusses the concepts of creativity, innovation, and identifying business opportunities. It begins by defining creativity as generating novel and high-quality ideas and innovation as converting opportunities into marketable products or services. It then outlines a 4-step process for identifying business opportunities: 1) identifying customer needs, 2) environmental scanning and self-analysis, 3) screening opportunities, 4) selecting an opportunity and creating a business plan. Later sections explore methods for generating creative ideas, different forms of innovation, and strategies for encouraging creativity and innovation in business.
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In Ethiopia, Ethio Lease is the first privately owned equipment leasing company with a license from the National Bank of Ethiopia. Ethio Lease provides its customers with carefully selected equipment on the basis of a lease contract, whereby the customer is the Lessee, who has a conditional right to use the equipment, and Ethio Lease is the Lessor, who buys and owns the equipment. If the equipment needs to be imported, Ethio Lease will buy the equipment abroad, using foreign currency from its parent company, AAFC. Ethio Lease customers can pay the lease fee in Ethiopian Birr. While leasing comes in many forms and shapes, for now the only form of leasing that the NBE will allow is a capital lease (aka “financial lease” or “full pay-out” lease). This Ethio Lease can be an alternative foe very few startups, it cannot be considered as a significant alternative for startups since most of them couldn’t fit it and it couldn’t be accessible enough. In Ethiopia, Ethio Lease is the first privately owned equipment leasing company with a license from the National Bank of Ethiopia. Ethio Lease provides its customers with carefully selected equipment on the basis of a lease contract, whereby the customer is the Lessee, who has a conditional right to use the equipment, and Ethio Lease is the Lessor, who buys and owns the equipment. If the equipment needs to be imported, Ethio Lease will buy the equipment abroad, using foreign currency from its parent company, AAFC. Ethio Lease customers can pay the lease fee in Ethiopian Birr. While leasing comes in many forms and shapes, for now the only form of leasing that the NBE will allow is a capital lease (aka “financial lease” or “full pay-out” lease). This Ethio Lease can be an alternative foe very few startups, it cannot be considered as a significant alternative for startups since most of them couldn’t fit it and it couldn’t be accessible enough. In Ethiopia, Ethio Lease is the first privately owned equipment leasing company with a license from the National Bank of Ethiopia. Ethio Lease provides its customers with carefully selected equipment on the basis of a lease contract, whereby the customer is the Lessee, who has a conditional right to use the equipment, and Ethio Lease is the Lessor, who buys and owns the equipment. If the equipment needs to be imported, Ethio Lease will buy the equipment abroad, using foreign currency from its parent company, AAFC. Ethio Lease customers can pay the lease fee in Ethiopian Birr. While leasing comes in many forms and shapes, for now the only form of leasing that the NBE will allow is a capital lease (aka “financial lease” or “full pay-out” lease). This Ethio Lease can be an alternative foe very few startups, it cannot be considered as a significant alternative for startups since most of them couldn’t fit it and it couldn’t be accessible enough. In Ethiopia, Ethio Lease is the first privately owned equipment leasing company with a license from the National Bank of Ethio
What is a business
A business provides goods and services to customers. Goods are tangible items that are made, bought, and sold, while services are activities done for customers. Businesses require inputs like labor, equipment, raw materials, and finance to operate their transformation process that adds value and creates outputs. Businesses operate across primary, secondary, tertiary and quaternary sectors. Entrepreneurs take risks to start businesses to meet customer needs and wants, creating jobs, innovation and taxes to benefit the economy. Successful entrepreneurs are passionate, visionary, energetic, resilient and results-oriented.
Venture Discovery
Entrepreneurship involves creating and managing a new business to achieve an objective. It identifies opportunities through innovations that add value over time. While inventions create new things, innovations continually upgrade inventions by introducing new ideas, products, processes or services. Entrepreneurship is important as it enhances economic growth through job creation, drives innovation, and creates new job opportunities. It also promotes social change by addressing societal problems. The personal discovery stage of entrepreneurship involves discovering one's personal values, passions, defining a company purpose and creating a mission statement to guide the venture.
Venture Discovery_21.06.21.pptx
Entrepreneurship involves creating and managing a new business to achieve an objective. It identifies opportunities through innovations that add value over time. While inventions create new things, innovations continually upgrade inventions through new ideas, products, processes or services. Entrepreneurship is important as it enhances economic growth through job creation, drives innovation to meet customer needs, and creates new job opportunities as businesses expand. It also promotes social change by addressing societal problems and powering grassroots movements like dairy cooperatives in India. Personal discovery for entrepreneurs involves defining personal values, passions, building a team, and creating a mission statement to guide the venture.
Business plan
The document provides guidance on creating a business plan to turn a business idea into a reality. It explains that a business plan will help think through all aspects of the business to plan how it will work. Developing the plan is a process that should be done in small chunks using the provided business plan pack. The pack divides the business plan into sections and provides a guide to help complete each section. [END SUMMARY]
Types of business - Principal of Business & Accounting
This document provides an overview of an introductory business and accounting course. It defines business as the regular production and sale of goods to satisfy human wants with the objective of earning a profit. It identifies the major participants in business as owners and employees. The three major types of business are manufacturing, merchandising, and services. Manufacturing businesses make finished goods, merchandising businesses purchase and resell finished goods, and service businesses provide intangible services. The document also outlines the functional areas of business and discusses the importance of business, including providing goods and services, generating income and employment, and contributing to social development.
Unit 1 Forms of Ownership
This document defines key concepts related to businesses, including what a business is, common business activities, and types of businesses. It explains that businesses aim to be both effective in meeting customer needs and efficient in their operations. The document also discusses factors like entrepreneurship, small businesses, risks, and what leads to business failures or successes. Overall it provides a broad overview of foundational business concepts.
BISNIS VS INDUSTRI.pdf
A business is a commercial enterprise that buys inputs like materials, labor, and equipment to produce goods and services and generate a profit. Businesses come in various types and sizes, from sole proprietorships run by one person to large corporations that employ thousands. They provide value to many stakeholders, including customers, employees, owners, and the local community. Industries consist of groups of similar businesses and are divided into three main sectors: primary involves extracting raw materials, secondary involves manufacturing, and tertiary involves providing services. A business must consider internal factors like resources and external factors in the market to achieve its objectives through strategic planning.
Introduction to Business ppt (2).ppt
Digital 2022: Ethiopia
This page contains all the data, insights, and trends you need to help you understand how people in Ethiopia use connected devices and services in 2022.
You’ll find our complete Digital 2022 report on Ethiopia in the “full report” section below, but let’s start by taking a look at the essential headlines for digital adoption and use in Ethiopia this year.
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Ethiopia’s population in 2022
Ethiopia’s total population was 119.3 million in January 2022.
Data show that Ethiopia’s population increased by 2.9 million (+2.5 percent) between 2021 and 2022.
50.0 percent of Ethiopia’s population is female, while 50.0 percent of the population is male.
At the start of 2022, 22.7 percent of Ethiopia’s population lived in urban centres, while 77.3 percent lived in rural areas.
Note: gender data are currently only available for “female” and “male”.
Ethiopia’s population by age
The median age of the population in Ethiopia is 19.9.
For additional context, here’s a look at how the population in Ethiopia breaks down by age group:
• 14.3 percent of Ethiopia’s population is between the ages of 0 and 4.
• 20.3 percent of Ethiopia’s population is between the ages of 5 and 12.
• 11.3 percent of Ethiopia’s population is between the ages of 13 and 17.
• 14.5 percent of Ethiopia’s population is between the ages of 18 and 24.
• 15.5 percent of Ethiopia’s population is between the ages of 25 and 34.
• 10.0 percent of Ethiopia’s population is between the ages of 35 and 44.
• 6.5 percent of Ethiopia’s population is between the ages of 45 and 54.
• 4.0 percent of Ethiopia’s population is between the ages of 55 and 64.
• 3.6 percent of Ethiopia’s population is aged 65 and above.
Note: percentages may not sum to 100 percent due to rounding.
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Internet use in Ethiopia in 2022
There were 29.83 million internet users in Ethiopia in January 2022.
Ethiopia’s internet penetration rate stood at 25.0 percent of the total population at the start of 2022.
Kepios analysis indicates that internet users in Ethiopia increased by 731 thousand (+2.5 percent) between 2021 and 2022.
For perspective, these user figures reveal that 89.50 million people in Ethiopia did not use the internet at the start of 2022, meaning that 75.0 percent of the population remained offline at the beginning of the year.
However, issues relating to COVID-19 continue to impact research into internet adoption, so actual internet user figures may be higher than these published numbers suggest (see here for further details).
For the latest insights into internet adoption and use around the world, follow our regular Global Statshot reports.
Go global: see how Ethiopia’s current “state of digital” compares with connectivity in other countries by reading our flagship Digital 2022 Global Overview Report, which includes hundreds of slides of global digital data, and our in-depth analysis of what these numbers might mean for you.
Internet connection speeds in Ethiopia in 2022.
Introduction to business
A business is usually defined as a commercial enterprise that can range from being run by one person to employing thousands. Businesses are started by entrepreneurs who see a need and go into business to meet that need. Businesses take in inputs like raw materials, labor, and equipment to produce outputs in the form of goods and services. There are many stakeholders in a business including customers, employees, owners, and the local community.
Introduction_to_Business(Grade 11 Business Studies).ppt
Introduction to Business(Grade 11 Business Studies)
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The document provides planning instructions for student groups to sell food products as part of a school business task. It outlines key areas for groups to consider: creating a spreadsheet to budget costs and profits; promoting their product through menus and posters; and preparing necessary equipment, ingredients, and storage. Mystery shoppers will evaluate groups on food quality, value, taste, customer service, and promotional efforts. The goal is for groups to thoughtfully budget their money investment and sales strategy in order to earn profits from selling to other students on Friday.
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Business Studies - Spreadsheet Task
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After mid term task
The document provides instructions for a student project to create an animated advertisement using Flash. Students will be assigned a product to promote and must use techniques like buttons, frame-by-frame animation, shape tweens, motion tweens, motion guides, layers, backgrounds, and sound. They are to finish the animation before the next lesson and export it as a Flash movie file ready for sharing.
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The document provides instructions for an e-commerce website design final project. Students must decide on the products to sell, target demographic, website design, and how to attract consumers. Their presentation should include the company name and logo, mission statement, example products and prices, ordering/payment process, data privacy/security, target customers, rival companies, promotions, and advertising plans. The final project requires imagination and a well-designed, informative PowerPoint presentation pitching the e-commerce idea with enthusiasm.
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Business Studies - Advertising
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentationsThe Most Inspiring Entrepreneurs to Follow in 2024.pdf
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Business Studies - Introduction
- 1. Vocational Education: Business Computing Class M4/12 Aj. Jamie Semester 2
- 2. Introduction What is a business? – A business is an organisation relating to the production, buying and selling of goods or services. What is the aim of this course? – To give you an introduction to all types of business. To recognize different types of business and understand how the business world functions.
- 3. Course projects Write a CV and letter of application Presentation: Using computers for Business communication Design a basic Accounting Spreadsheet
- 4. Course projects Run a Small Business – To be designed in groups – You must create and present a business plan – You will operate the business within the school during the second half of term 2 – You must complete an accounting overview using a spreadsheet
- 5. Different types of Business We will now take a look at a few different types of business.
- 6. Manufacturers Produce products from raw materials or component parts that they aim to sell at a profit. Companies that make physical goods such as cars, televisions, washing machines are considered manufacturers. Raw materials - Materials that are still in their natural state; required to make a product. Iron, Wood and Crude oil. Component parts - Parts required to complete a larger products. IBM purchase microprocessors from Intel Toyota purchase tyres from Goodyear
- 8. Service Businesses Businesses that provide a service to other businesses or consumers. Make a profit by charging for labour or other services. Companies such as restaurants, house decorators and language schools are considered service businesses. consumers – people that purchase and use goods or services. (customers) profit - money a company makes over and about all the general costs of running a business. labour - people that work in a company
- 10. Retailers and Distributors Companies that act as middle-men in getting products from manufacturers to their intended consumers. Generate a profit as a result of providing sales or distribution services. Most shops and catalogue companies. distribute - supply or sell things to people or businesses.
- 12. Types of business Agriculture – Production of raw material on farms. – Produce raw materials such as milk, grain or beef, for distribution to consumers or other businesses. Mining – Extraction of raw materials from the earth. – Companies extract materials such as iron, gold or coal, for distribution to consumers or other businesses. extract - take something out or pull something out.
- 13. Types of business Financial businesses – Companies that generate profits through working with or investing money. – Banks and loan companies. Utilities – Produce public services, such as electricity or heat. – Usually owned or created by the government. invest – use your money in a way that you hope will increase it in time.
- 14. Types of business Real Estate – Companies that generate profit from the selling, renting or development of buildings, homes or properties. Transportation – Deliver goods and individuals from location to location, generating a profit on the transportation costs.
- 15. You will be given a business or company and must create a case study about them. Case Study – A method of research to investigate and find out about something. To discover why something is successful. To analyse data. PowerPoint Presentation, at least 8 slides. Groups of 3 students. Today’s Task
- 16. Today’s Task Please USE YOUR OWN WORDS! Use the Internet for research – but please rewrite and just include the important information. This semester marks will be reduced for those of you that cut ‘n’ paste every week!
- 17. Today’s Task Include: •What type of business is it? •What does the business do? •Turnover •History •Location – Local / National / International? •Your experience with the company •Products / Services •Website - Internet Services?