Business 102 Examinations Notes Semester Two 2012
by Vincent Tai
Module 1: Understanding Business Context
Readings 1: Business in Action by Bovee and Thill: Chapter 1
Recognizing the Multiple Environments of Business
Business influences and is inf
[Week 1]Innovation and Entrepreneurship (Webcast)
Innovation: conversion of knowledge and ideas into new or improved product, process or
services used for commercial use or for public good.
Entrepreneurship: Process of creating or seizing an opportunity a
THE BUSINESS AND INDUSTRY ENVIRONMENT
POLITICAL: tax, regulation, legislations, local government
ECONOMIC: trends from the market place, economy, interest, and exchange rate
SOCIAL-CULTURAL: key trends in society itself, peoples wa
My music. Do me a favour and follow, please.
BUSINESS 102 REVISION PAPER
SECOND SEMESTER, 2012
UNOFFICIAL MOCK EXAM ANSWER GUIDE
Business and Enterprise 2
NOTE: There i
Business 102 study notes
Porters 5 forces:
Porters five forces and PEST both analyses threats
and opportunities in an industry.
Few buyers in the market.
Limited switching costs.
Products are standardized.
In todays competitive day and age it is often not enough to offer a standalone
Business 102 Final Exam Preparation
Module One: Understanding the Business Context
Bovee and Thill
Chapter 1 pages
Bovee and Thill
Key Principals/Main purpose of chapter
There are several business environments i
WORKSHEET: Assessed Application Exercise 1, BUSINESS 102, 2"d Semester 2013, Week 7
Team Number/Name: H, .- Sutte gikTeeio
Our Product: A Smart Watch '
our Target Market .
Elevator Pitch: In 30 words or fewer, provide a
concise overall summary, directed
strength in numbers
inuence over hiring, promotion, layos
formal process for grievances, discipline
priority that the rm must remain competitive
promote following of work rules
Stages of business growth:
Existence / Survival / Success / Take-off / Resource Maturity
To manage growth effectively, to ensure business is successful.
Reading 1 The five stages of small business growth