BU111 Study Guide - Midterm Guide: Small Business, Crowdfunding, Match Game
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BU111 Full Course Notes
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Achieving financial performance - have good profit and positive cash flow. Meeting customer needs - makes sure customers get what they want, marketing. Building quantity products and services - makes sure customers can get the most out your product. Encouraging creativity and innovation - your business should be innovative (ex. Gaining employee commitment - they build your business, treat them nicely. This is the bedrock to a successful business, these factors all work together. Define the csf of gaining employee commitment and building quality products and service. Select an element for the economic factors of pest, how can this represent an opportunity for a business, and a threat for another. Risk tolerance, preference of direction, ethics, and goals. How will you go about your idea? (ex. Consistency and alignment needed for strategy to be. Variable in diamond can either constrain or drive a strategy. What is an example of being and alignment with the environment? (3 marks)
