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Greetings to business studies grade 12
- 1. Greetings to Business Studies Grade 12 Business studies simplified
- 2. Learning outcomes Learning Outcome:1 Business environment Learning Outcome: 2 Business ventures Learning Outcome: 3 Business Roles Learning Outcome: 4 Business operation
- 3. Business studies topic’s Learning outcome 1,2 Business Environments 1 Business Ventures 2 1.Business environments Micro environment 1. Entrepreneurial Marco environment qualities Market environment 2. Strategies 2. Key success Types of strategies 3.Corporate citizenship factors Corporate citizenship Responsibility Characteristics of Corporate Social 3. Forms of Investment ownership 4.Impact of recent legislation on business 4. Insurance 5.Business environments and the three sectors 5. Investments
- 4. Business studies topic’s Learning outcome 3,4 Business roles 3 Business operation 4 1.Problem solving 1.The human 2.Business ethics resource 3.Leadership and 2.Industrial relation management 3.Qualities 4.Conflict 5.Careers/teamwork
- 5. Introduction to Learning outcome:1 sub-themes Business environment Management influence Factors Micro Full control Vision, mission, strategy, and objective. Organizational culture Organizational Structure Organizational Resources Business function Working environment Macro Management can influence factors Consumers in the environment Suppliers Civil society Strategic allies Regulators Competitors intermediaries Market No control Social environment Economical environment Political environment Global environment Legal environment Demographical environment Cultural environment Physical environment Institutional environment Technological environment
- 6. 2. Types of strategies Integration Vertical integration Horizontal integration strategy Forward integration Backward integration Intensive Market penetration Market development Product development strategy Diversification Concentric Horizontal Conglomerate strategy Diversification Diversification Diversification Defensive Retrenchment Divestiture Liquidation strategy Other strategies Replacing Issuing stock Allocating resources individual
- 7. 3. Corporate Citizenship •CSR encourages businesses to consider the interest of society •CSR has been emphasized in South Africa since the 1990’s Characteristics of CSR •To contribute towards sustainable development •Government expects business enterprises to make a CSI contribution •CSI is enforced by law •CSI plays a positive role in the development of communities
- 8. Sub-themes 4.Impact of 5. Business environment legislations and the three sectors 1. Types of Acts Primary sector The National Credit Act Secondary sector Broad base Black Tertiary sector Economic Empowerment Act South African Qualification Authority Act
- 9. Introduction to learning outcome:2 sub themes 1. Entrepreneurial qualities • Positive attitude • Clear vision • Flexible • Energetic • Able to take calculated risk
- 10. 2.Key success factors Sustainability Profitability Customer base A great idea Competent works
- 11. 3.Forms of ownership Sole trader Partnership Public company Private company
- 12. 4. Insurance Forms of insurance A contract between the insurer and the insured Long term Short term Compulsory insurance insurance insurance For goods Life insurance Unemployment fund Road accident fund Assurance insurance Covers for events that will Covers for events that might happen happen
- 13. 5.Investment 1. Types of investment Shares Unit trusts Retirement annuities Life insurance
- 14. Introduction to learning outcome:3 sub-theme 1.Problem solving •Types of problem solving skills 1. The problem solving cycle •Advanced problem solving skills 1. Creative thinking 2. Idea generation 3. Indigenous knowledge •Problem solving techniques 1.Forced flied analysis 2.Chair technique 3.Delphi technique 4.Nominal group 5.Brainstorming 6.Forced combination
- 15. 2.Business ethics Corporate social responsibility Leadership issues Contribution made by business Issues concerning relation issues between different companies
- 16. 3.Leadership and management Leadership theories 1. Authoritarian 2. Super leaders 3. Transactional theory 4. Transformational theory 5. Transitional theory 6. Charismatic theory 7.Democratic theory 8.Lassies-faire theory
- 17. 4.Conflict 1.Types of conflict Colleagues on the same level of management A manager and s subordinate Interpersonal conflict Intra-group conflict Intergroup conflict Inter-organizational conflict 2.Causes of conflict Miscommunication Personality clashes Different values Unfair treatment Discrimination
- 18. 5.Teamwork 1.Effective Team Joint action by a group to complete a given task Has a clear task and deadline Has necessary skills Has common desire to accomplish their goals Respect one other’s skills Show mutual respects and trust Support one another
- 19. Introduction to Learning outcome:4 1. The human resource activities Human resource planning Job analysis Recruitment Selection Interviewing Orientation Placement remuneration 2.Legislational on the human resource Labour relational Act Basic condition of employment Employment Equity Act Skills Development Act
- 20. 3. Industrial relational (IR) IR is the process through which employers and employees interact, and through which they regulate conflict in workplace. IR deals with relationships with works and their unions. Industrial relational also looks at the rights of workers.
- 21. 4.Trade unions Roles and function of trade unions Improve working conditions Encourage decision making process Prevent retrenchment Ensure fairness among workers Function Represent workers Lobbying Collective bargaining Support gender equality Access pension and provident funds