PRELIMINARY BUSINESS STUDIES - Business management - the management process! UNDER THE TOPIC OF: BUSINESS MANAGMENT WE HAVE: 1. nature of management 2. management approaches and the most important section which this booklet focuses on which is 3. management process we will then finish with.. 4. management and change management process coordinating key business functions and cash flow statement resources income statement operations balance sheet goods and/or services human resources the production process recruitment quality management training marketing employment contracts identification of the target market separation voluntary/involuntary – marketing mix ethical business behaviour finance Remember the importance of these key terms Analyse Identify components and the relationship between them; draw out and relate implications Critically Add a degree or level of accuracy depth, knowledge and understanding, logic, questioning, reflection and quality to (analyse/evaluation) Define State meaning and identify essential qualities Demonstrate Show by example Describe Provide characteristics and features Discuss Identify issues and provide points for and/or against Evaluate Make a judgement on criteria; determine the value of Examine Inquire into Explain Relate cause and effect; make the relationships between things evident; provide why and/or how Identify Recognise and name Interpret Draw meaning from Investigate Plan, inquire into and draw conclusions about Justify Support an argument or conclusion Outline Sketch in general terms; indicate the main features of
PRELIMINARY BUSINESS STUDIES - Business management - the management process! UNDER THE TOPIC OF: BUSINESS MANAGMENT WE HAVE: 1. nature of management 2. management approaches and the most important section which this booklet focuses on which is 3. management process we will then finish with.. 4. management and change management process coordinating key business functions and resources operations goods and/or services the production process quality management marketing identification of the target market marketing mix finance cash flow statement income statement balance sheet human resources recruitment training employment contracts separation – voluntary/involuntary ethical business behaviour Remember the importance of these key terms Analyse Identify components and the relationship between them; draw out and relate implications Critically Add a degree or level of accuracy depth, knowledge and understanding, logic, questioning, reflection and quality to (analyse/evaluation) Define State meaning and identify essential qualities Demonstrate Show by example Describe Provide characteristics and features Discuss Identify issues and provide points for and/or against Evaluate Make a judgement on criteria; determine the value of Examine Inquire into Explain Relate cause and effect; make the relationships between things evident; provide why and/or how Identify Recognise and name Interpret Draw meaning from Investigate Plan, inquire into and draw conclusions about Justify Support an argument or conclusion Outline Sketch in general terms; indicate the main features of