Tips for Remebering Syllabus (acronyms) (1 Viewer)

Riku123123

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Re: Acronyms for business studies

Methods of international expansion (global biz)

Management contracts
Relocation of production
Exporting
Licensing/Franchising
Foreign Direct Investment

MR ELF XD
 

krnofdrg

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1. methods if international expansion: "REFLEX"

RElocation of production
Foreign direct investment
Licensing, Franchising and Management Contract
EXports

+1 you're a legend mate thank you!!

2. Change effectively: "SIC" + Change Model

Set achievable goals
Initiate a need for change
Create a culture of change.

3. Resistance to Chance: "SICF"

Staffing
Inertia of maangement
Culture incompatibility
Financial costs

4. Management Skills: "PETS CD SFV:

People Skills
Ethical Responsibilities
Team work
Strategic Thinking

Conflict resolution skills
Decision-making skills

Self Managing
Flexibility
Vision

these are just some of the many I use..
You're a legend mate!! Thank you~~
 

lolwhatever

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Sorry if this sounds stupid but how could memorising the syllabus be useful?
 

Bondy007

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the hardest to know is for the Reasons, Influences and Methods of Global Business expansion.
Here you go mate.
Reasons for expansion: MI RED CAT (teacher gave us this one)
Minimise competitive risk
Increase sales
Regulatory differences
Economies of scale
Diversification
Cushioning economic cycles
Acquiring resources + technology
Tax minimisation

Methods of Global Expansion: MR ELF (Already said before)

Influences of Global Expansion: LFPS (Lagging FPS)
Legal- DCI- Dispute Res Processes, Contracts, Intell Property
Financial- Currency
Political- TPOW- Trade Agree, Protectionism, Organisations (International), War + Civil unrest
Socio-cultural- TLRV (Tastes Like Real Vagina)- Tastes, Languages, Religion, Varying business practises.

And Here's a Couple More:
Effective ER: MR CFT
Measures of effectiveness
Rewards
Communication Systems
Flexible working hours
Training + Development

Managing Change Effectively- ISCC
Identifying need for change
Setting achievable goals
Creating a culture of change
Change models

and
Change + Social Responsibility: EQTGE (Every Queensland Team Gets Ear-raped)
Ecological Sustainability
Quality of working life
Technology
Globalisation
E-commerce

I made my notes using acronyms and mnemonic devices.
And @lolwhatever, don't worry... it's not stupid, it's merely that business studies is very content heavy n once u know ur content n can talk about it willy nilly, you can get good marks.
 

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