Micro environment Flashcards
(10 cards)
* it closely involves the business
what is the micro environment
- the decision –making envronment , * the business itself , the environment in which a business operates
* there are nine of them
what are the components of the microenvironment
- Vision
- mission
- goals
4.objectives
5.business functions - leadership and management
7.organisational resources - organisational structure
- organisational culture
* each component operates together to achieve what the business wishes o
* it is a statement of explaination , yet what does it explain
what is the vision ( as acomponent of the micro environment )
the vision is a statement that explains what the business aims to acheive
In business studies, a vision statement outlines the long-term goals.
*this is alo a statement yet what dies it explain
what is the mission
the mission is astatement that explains the reason for the business ‘ existence
think what’re the organisational resouces
what is the organisational resource
these are assets used to produce goods and servicesin order to reach goals
what does culture refer to
what is the organisatonal culture
this refers to how things are done within a business
what are the kinds of organisational resources
- natural resources
- physical resources
3.financial resources
4.entreprenurial resources - technological resources
6.human resources
* what is an organogram, what does it show
what is the organisational structure
it shows the different departments in the organisation and how they are organised.
think:who contains leadership in a business
what is leadership
leadership is the ability of an individual to inspire, influence or motivate their surbodinatesto acheive thegoals and objectives of the business.
Businesses use … capital to purchase fixed assets such as land and buildings.
A.own
B.working
C.fixed
D. borrowed
C.fixed
