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25 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Enterprise |
A business run by an entrepreneur who takes risk and carry out task using enterprise skill. |
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2 business objectives |
Profit and growth |
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How to make sure the business meets their needs and wants. |
How it connect(3) Action (2) Identification (1) |
π |
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2 advantage of sole trader |
-Have complete control=they make all the decisions=no need to discuss
-Keep all the profits=no need to share with anyone |
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2 disadvantages of sole trader |
-Cannot deal effectively with the problem=lack skill. -Unlimited liability=liable for a debts of the enterprise |
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Risk type (3) |
Risk reducer,avoider,optimizer |
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Entrepreneur |
Person who own business and takes risks. |
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What do enterprise provide? |
Good (physical) and service (non physical) . |
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Example of good? |
Car, oil, etc. |
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Example of service? |
Massage, taxi ride, etc. |
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3 components of enterprise |
Risk-Something that threaten the business that will make it fail or lower profit Initiative-Taking the first step Undertaking New Ventures-New ideas. |
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Some skills? |
Making decision Initiative Leadership Determination
Planning, Persuasion Risk taking |
MILD PR |
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2 advantage of partnership |
Spread risk & More skills/specialisation |
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2 disadvantage of partnership |
Disagreement & share profit. |
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Opportunity |
Globalization & Government policies A M Expansion RnD
New tech & Need
Change in taste,fashion,population,size,income A T |
Gamer n Cat |
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SWOT |
Strengths Weakness Opportunity Threats |
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How do you measure a bussiness? |
Risk N Reward If the reward is bigger the business is a success but if its the opposite the business isn't and might go bankrupt since there's more going out than in. |
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Negotiation NANI?? |
Is a discussion to reach an agreement that everyone is happy with. |
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Negotiation involve? And who? |
Resolving things Agreeing Persuading to take your pov Satisfy everyone
Customers & Community Employees Managers Owners T |
RAPS CEMOT |
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What's the best situation in negotiation? |
WIN WIN!! |
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How to prepare negotiation??? (Yes indeed I'm tireeddd) |
Be π clear Sort information π Write strength πͺ and weakness π What your gonna sayπ£οΈ List benefits.βοΈ if they agree with you Find out the BG of the other person What you and the other people want to achieve and objectivesπ₯. |
πππͺππ£οΈβοΈπ»π₯ |
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Lateral thinking |
Outside the box |
πͺ |
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Blue sky thinking |
Start with question and answer with as many ideas/answer |
β |
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Six thinking hat |
Blue-thinking bout thinking
White=Facts
Red=Emotions
Black=Problems
Yellow=Positive
Green=Creative
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π΅=π§ -π§ βͺ=βοΈ π΄=π β«=π§ π=βοΈ π=π‘ |
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Outcome of negotiation |
I win u lose I win u win I lose u win I lose u lose |
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