Sources of information Human Resources Establishment options

The nature of a business

Personal qualities Market Legal Success and/or Failure Economic Contribution

Definition Role of Business

Finance Role Classification of a business
Business Idea

Types of Businesses Factors influencing choice of legal structure

Influences in Establishing a SME Small to Medium Enterprises (SME) Critical issues in Business success and failure

Taxation
External Influences

Influences in the business environment

Topic 3 - Business Planning Internal Influences
Monitoring & Valuation Topic 1 - Nature of Business
Taking corrective action
Stakeholders

Forecasting Business planning process Business Growth and Decline

Stages of the business life cycle

Organising resources
Sources of planning ideas Preliminary Business Studies
Visions/Goals Responding to challenges at each stage

Skills of management Declining of businesses

Responding to internal and external influences Management and Change

Topic 2 - Business Management Nature of Management

Voluntary and Involuntary cessation
Managing change effectively

Management Approaches Achieving business goals

Contingency approach Management Process
finance
Operations
Features of Effective Management
Classical approach
Marketing Ethical business behaviour

Behavioural approach
Human Resources Coordinating key business functions