[sir-study-alot]

Business studies acronyms

Topic one – business management and change.

Management roles
→ Fayol = POLC
Plan
Organise
Lead
Control

→ Mintzberg = FILL-MIDS-NERDD
Figure head
Interpersonal
Liaison
Leader
-
Monitor
Informational
Disseminator
Spokesperson
-
Negotiator
Entrepreneur
Resource allocator
Decisional
Disturbance handler
Skills of management
→ STEPS-PVF
Self-managing
Teamwork
Ethical and high personal standards
People skills
Strategic thinking
-
Problem solving and decision making
Vision
Flexibility
Management theories
→ C-S = management = POC
→ Behavioural= management = LCM
→ political= sources of power = CLERR
Coercive
Legitimate
Exclusive
Reward
Referent
Managing change
Nature and sources of change
→ internal= Nathan Eats Noney Arse
New systems and procedures
E-commerce
New business cultures
Accelerated technology

→ external = Corey F.E.L.T Shueys Giant Penis
Changing nature of markets
Financial
Economic
Legal
Technological developments
Social
Geographical
Political
→ structural responses change = Oscars Films Suck Nuts
Outsourcing
Flat structures
Strategic alliances
Network structures

Reasons for resistance to change → Claire Is So Fugly
Cultural incompatibility in takeovers
Inertia of managers , owners
Staffing
Financial costs

Managing change effectively → Is Steve Craving Cock
Identifying the need for change
Setting achievable goals
Creating culture of change
Change models


Change and social responsibility → Tim’s Gut Quadruple Everyone Elses
Technology
Globalisation
Quality of working life.
Ecological sustainability
E-commerce

Topic 2 : financial planning and management

Objectives of financial management → Pull Right L.E.G.
Profitability
Return of capital
Liquidity
Efficiency
Growth
The planning cycle→ ADD Edible Children Fucking Irritate My Paedophile Mind
Overseas and domestic influences and trends in the financial market .
Domestic → Danny Pulls Tim Frenchs Cock
Deregulation of financial markets
Privatization
Technology
Floatation exchange rate
Communication
Overseas → GT
Globalisation
Technology

Long term borrowing → Guys Don’t Like Fat Milfs Vaginas .
Grants
Debentures
Leasing
Mortgages
Venture capital






Topic 3: marketing

Elements of a marketing plan: → S.E.I.D.I
Situational analysis
Establishing marketing objectives
Identifying target market
Developing marketing strategies
Implementation , monitoring and controlling


Types of markets → C.R.I.M.I.N.a .l.
Consumer
Resource
Industrial
Mass
Intermediate
Niche
Types of consumers → Robbo Contracts Herpes From Eating Gipples Penis

Religious organisations
Clubs and societies
Households
Firm
Educational institutions
Government
People
Factors influencing customer choice → P.E.G.S.
Psychological
Economic
Government
Socio-cultural

Developing market strategies → M.E 4 P
Marketing segmentation and product/service differentiation
Product
Place
Price
Promotion
Environmental effects on distribution


Pricing strategies/tactics → Shane Loves Packing Poo
Skimming
Penetration
Loss leader
Price points

Topic 4 :Employment relations

Key influences on employment relations → Nathan Loves Eating Scrotum
New organisation behavioural influences
Legal influences
Economic influences
Social influences



Costs and benefits of industrial conflict. → Brenden’s Penis Is So Friggen Puny
Benefits
Personal
International
Social
Financial
Political
Measures of effectiveness → Bren’s Dick Quadruple Arie’s Length
Benchmarking
Disputation
Quality
Absenteeism
Level of staff turn over


Dispute resolution process → Good Nobs Make Cum After Comfortable Blowjobs
Grievance procedures
Negotiation
Mediation
Conciliation
Arbitration
Common law action
Business division/closure