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Jacaranda Business Studies in Action Preliminary Course 5E eBookPLUS & Print

Jacaranda Business Studies in Action Preliminary Course 5E eBookPLUS & Print
Title information
Author/s
Chapman
ISBN13 9780730356394
Pub date September 2018
Pages 488
RRP $89.95
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Jacaranda Business Studies in Action Preliminary Course 5e Print & eBookPLUS

This combined print and digital title provides rigorous adherence to the Business Studies Stage 6 Syllabus, including greater emphasis on learn tos as well as learn abouts. This series is the trusted market leader, updated with new content and real-world case studies to engage students of all abilities and help them achieve exam success.

The new edition of Jacaranda Business Studies in Action Preliminary Course includes these key updates:

• Topical and interesting case studies that reflect real world business practice, including examples from Atlassian and Topshop, and visionary leaders such as Elon Musk and Jeff Bezos.

• Current issues in business such as the impact of technology on the workplace, companies as environmental activists and the continued importance of sustainability.

• Many new and interesting business examples from a range of companies, such as Visy, Fonterra Investorist, Polasports, Pennicott Wilderness Journeys, Etiko and Oxfam.

 

An access code for the eBookPLUS comes free on the inside cover of your printed text, so you can make the most of both the print and digital formats.

How to use this book vi

About eBookPLUS viii

About the authors ix

Acknowledgements x

Topic 1 Nature of Business 2

1 Role of business 4

1.1 Introduction 4

1.2 The nature of a business 6

1.3 Other functions of business 9

2 Types of businesses 20

2.1 Introduction 20

2.2 Classification by size 21

2.3 Classification by geographical spread 23

2.4 Classification by industry sector 28

2.5 Classification by legal structure 33

2.6 Types of companies 37

2.7 Factors influencing choice of legal structure 44

3 Influences in the business environment 48

3.1 Introduction 48

3.2 Business environment 48

3.3 External influences 49

3.4 Internal influences on business 70

3.5 Stakeholders 81

4 Business growth and decline 86

4.1 Introduction 86

4.2 Business life cycle — stages and responding to challenges 89

4.3 Factors that can contribute to business decline 103

4.4 Voluntary and involuntary cessation 105

Topic 2 Business Management 116

5 Nature of management 118

5.1 Introduction 118

5.2 The features of effective management 122

5.3 Skills of management 123

6 Achieving business goals 144

6.1 Introduction: What are goals? 144

6.2 Business goals 147

6.3 Achieving a mix of business goals 157

6.4 Staff involvement 160

7 Management approaches 168

7.1 Introduction 168

7.2 Classical approach to management 169

7.3 Behavioural approach to management 182

7.4 Contingency approach to management 193

7.5 Compare and contrast approaches to management 195

8 Management process 198

8.1 Introduction 198

8.2 Different ways of coordinating key business functions for a SME 200

8.3 Operations 202

8.4 Marketing 217

8.5 Finance 234

8.6 Human resources 254

8.7 Ethical business behaviour 282

9 Management and change 290

9.1 Introduction 290

9.2 What is organisational change? 291

9.3 Responding to internal and external influences 294

9.4 Managing change effectively 299

Topic 3 Business Planning 316

10 Small to medium enterprises (SMEs) 318

10.1 Introduction 318

10.2 Definition of SMEs 319

10.3 The role of SMEs 322

10.4 Economic contribution of SMEs 323

10.5 Success and/or failure of SMEs 329

11 Influences in establishing a small to medium enterprise 336

11.1 Introduction 336

11.2 Personal qualities 336

11.3 Sources of information 348

11.4 The business idea 352

11.5 Establishment options 356

11.6 Market considerations 364

11.7 Finance 371

11.8 Legal considerations and influence of government on SMEs 377

11.9 Human resources 382

11.10 Taxation 387

12 The business planning process 394

12.1 Introduction 394

12.2 Business planning process 398

12.3 Sources of planning ideas 401

12.4 Vision, goals and/or objectives 403

12.5 Organising resources 410

12.6 Forecasting 414

12.7 Monitoring and evaluating 417

12.8 Taking corrective action — modification 424

13 Critical issues in business success and failure 430

13.1 Introduction 430

13.2 Importance of a business plan 430

13.3 Management — staffing and teams 432

13.4 Trend analysis 437

13.5 Identifying and sustaining competitive advantage 439

13.6 Avoiding overextension of financing and other resources 444

13.7 Using technology 445

13.8 Economic conditions 448

Topic 3 Suggested assessment tasks 451

Appendix 457

Glossary 462

Index 470

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