greetings to business studies grade 12
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Business studies made easyTRANSCRIPT
Greetings to Business Studies Grade 12
Business studies simplified
Learning outcomes Learning Outcome:1Business environment Learning Outcome: 2Business ventures Learning Outcome: 3Business Roles Learning Outcome: 4Business operation
Business studies topic’s Learning outcome 1,2
Business Environments 1
1.Business environments Micro environment Marco environment Market environment
2. Strategies Types of strategies
3.Corporate citizenship Corporate citizenship Responsibility Characteristics of Corporate Social
Investment4.Impact of recent legislation on business5.Business environments and the three sectors
Business Ventures 2
1. Entrepreneurial qualities
2. Key success factors
3. Forms of ownership
4. Insurance 5. Investments
Business studies topic’s Learning outcome 3,4
Business roles 3
1.Problem solving2.Business ethics3.Leadership and management4.Conflict5.Careers/teamwork
Business operation 4
1.The human resource2.Industrial relation3.Qualities
Introduction to Learning outcome:1 sub-themes
Business environment Management influence Factors
Micro Full control Vision, mission, strategy, and objective.Organizational culture Organizational StructureOrganizational ResourcesBusiness functionWorking environment
Macro Management can influence factors in the environment
ConsumersSuppliersCivil societyStrategic alliesRegulatorsCompetitorsintermediaries
Market No control Social environmentEconomical environmentPolitical environmentGlobal environmentLegal environmentDemographical environmentCultural environmentPhysical environmentInstitutional environmentTechnological environment
2. Types of strategiesIntegration strategy
Vertical integration Forward
integration Backward
integration
Horizontal integration
Intensive strategy
Market penetration Market development Product development
Diversification strategy
Concentric Diversification
Horizontal Diversification
Conglomerate Diversification
Defensive strategy
Retrenchment Divestiture Liquidation
Other strategies Replacing individual
Issuing stock Allocating resources
3. Corporate Citizenship
•CSR encourages businesses to consider the interest of society•CSR has been emphasized in South Africa since the 1990’sCharacteristics of CSR•To contribute towards sustainable development•Government expects business enterprises to make a CSI contribution•CSI is enforced by law •CSI plays a positive role in the development of communities
Sub-themes4.Impact of legislations
1. Types of Acts The National Credit Act Broad base Black
Economic Empowerment Act
South African Qualification Authority Act
5. Business environment and the three sectors
Primary sector Secondary sector Tertiary sector
Introduction to learning outcome:2 sub themes
1. Entrepreneurial qualities• Positive attitude• Clear vision• Flexible• Energetic• Able to take calculated risk
2.Key success factors
Sustainability Profitability Customer base A great idea Competent works
3.Forms of ownership
Sole trader Partnership Public company Private company
4. Insurance
Assurance insurance
Covers for events that will happen
Covers for events that might happen
Long term insurance
Short term insurance
Compulsory insurance
For goods Life insurance Unemployment fundRoad accident fund
Forms of insuranceA contract between the insurer and the insured
5.Investment1. Types of investment Shares Unit trusts Retirement annuities Life insurance
Introduction to learning outcome:3 sub-theme1.Problem solving•Types of problem solving skills 1. The problem solving cycle•Advanced problem solving skills 1. Creative thinking 2. Idea generation 3. Indigenous knowledge•Problem solving techniques 1.Forced flied analysis 2.Chair technique 3.Delphi technique 4.Nominal group 5.Brainstorming 6.Forced combination
2.Business ethics
Corporate social responsibility Leadership issues Contribution made by business Issues concerning relation issues
between different companies
3.Leadership and management
Leadership theories1. Authoritarian2. Super leaders3. Transactional theory4. Transformational theory5. Transitional theory6. Charismatic theory7.Democratic theory8.Lassies-faire theory
4.Conflict1.Types of conflict
Colleagues on the same level of management A manager and s subordinate Interpersonal conflict Intra-group conflict Intergroup conflict Inter-organizational conflict
2.Causes of conflict Miscommunication Personality clashes Different values Unfair treatment Discrimination
5.Teamwork
1.Effective TeamJoint action by a group to complete a given task Has a clear task and deadline Has necessary skills Has common desire to accomplish their goals Respect one other’s skills Show mutual respects and trust Support one another
Introduction to Learning outcome:41. The human resource activities Human resource planning Job analysis Recruitment Selection Interviewing Orientation Placement remuneration
2.Legislational on the human resource Labour relational Act Basic condition of employment Employment Equity Act Skills Development Act
3. Industrial relational (IR) IR is the process through which
employers and employees interact, and through which they regulate conflict in workplace.
IR deals with relationships with works and their unions.
Industrial relational also looks at the rights of workers.
4.Trade unions Roles and function of trade unionsImprove working conditionsEncourage decision making processPrevent retrenchmentEnsure fairness among workers FunctionRepresent workers LobbyingCollective bargainingSupport gender equalityAccess pension and provident funds