Enterprise and entrepreneurship
Business opportunities
Business objectives
- - Business aims and objectives
- - Changing business aims and objectives
- - Revenues, costs, and profits
- - Cash and cash flow
- - Sources of business finance
- - Limited and unlimited liability
- - Factors influencing business location
- - Types of business ownership
- - The marketing mix (4Ps)
- - Business plans
- - Businesses success and failure
- - Methods of business growth and their impact
- - Sources of finance for growing businesses
- - Measuring business size
- - Impact of globalisation on businesses
- - Barriers to international trade
- - How businesses compete internationally
- - Multinational companies (MNCs)
- - Ethical considerations in business activity
- - Pressure groups
- - Environmental concerns in business activity
Influences on businesses
Marketing
Operations
Finance
Human resources
- - Function of human resources
- - Organisational structures
- - Ways of working
- - The impact of technology on working arrangements
- - Job roles and responsibilities
- - Effective communication
- - Types of recruitment
- - Key recruitment documents
- - Stages in the recruitment process
- - Employment contracts and legal controls
- - Downsizing and redundancy
- - Training and development
- - Motivation in the workplace
Formula sheet
Enterprise and entrepreneurship
Business opportunities
Business objectives
- - Business aims and objectives
- - Changing business aims and objectives
- - Revenues, costs, and profits
- - Cash and cash flow
- - Sources of business finance
- - Limited and unlimited liability
- - Factors influencing business location
- - Types of business ownership
- - The marketing mix (4Ps)
- - Business plans
- - Businesses success and failure
- - Methods of business growth and their impact
- - Sources of finance for growing businesses
- - Measuring business size
- - Impact of globalisation on businesses
- - Barriers to international trade
- - How businesses compete internationally
- - Multinational companies (MNCs)
- - Ethical considerations in business activity
- - Pressure groups
- - Environmental concerns in business activity
Influences on businesses
Marketing
Operations
Finance
Human resources
- - Function of human resources
- - Organisational structures
- - Ways of working
- - The impact of technology on working arrangements
- - Job roles and responsibilities
- - Effective communication
- - Types of recruitment
- - Key recruitment documents
- - Stages in the recruitment process
- - Employment contracts and legal controls
- - Downsizing and redundancy
- - Training and development
- - Motivation in the workplace
Formula sheet
Leadership style shapes how decisions are made and how employees are treated. The best style depends on the task, the team, and the business environment.
| Style | Characteristics | Advantages | Disadvantages |
| Autocratic | Manager makes decisions unilaterally | Quick decisions, best in crises or where fast action is needed | Low morale, limited creativity |
| Democratic | Team is involved in decisionmaking | High engagement, good ideas, ideal for inclusive/respectful work culture and knowledge-based roles | Can be time-consuming |
| Laissez-faire | Employees work independently | Encourages innovation, useful in creative sectors | Risk of poor coordination, and requires capable staff |
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