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Fundamental Business Concepts by Mind Map: Fundamental Business Concepts
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Fundamental Business Concepts

Marketing

The marketing principle

Target market

Market segmentation

Finance

Financial Statements

Cash Flow

Balance sheet

Profit and loss

Raising money

Standard documents are used (i.e. receipts)

To keep track of transactions

Planning

Strategy

Writing a business plan

Aims

Objectives help you meet your aims, Goals are short-term measures that help you meet your objectives

Technology

Using the internet

Computer Skills

The Business Environment

Communications

Written, There are standard document formats, There are lots of reasons to follow the standard formats

Verbal

Non-verbal communications, Gestures, Proximity, Clothing

Stakeholders

Shareholders

Internal and external customers

Economics

Micro-economics, How to make an company work within the economy...

Macro-economics, How to make a national or global economy work

Legal aspects

Ownership

Sole Proprietor

Partnership

Public Limited Company (PLC)

Legislation protects people

Managing people

motivation

Theories are useful, Taylor, Maslow's Hierarchy of Needs, Mayo