 Discuss the parts of business

organization
 Understand how business works.
 To know more about business
 Have a quality product
 Know your industry and competitors
 Promote your products and services
 Build a great staff
 Understand organizational structure
and design
 Use capital and cash flow wisely
 Understand the fundamental
principles of accounting and finance.
 Respect your customers
 Strategicplanning
 Customer relationship
management
 Employee engagement surveys
 Benchmarking
 Balance scorecard
 Core competency
 Outsourcing
 Change management programs
 Keep adding something
new
 Become a valuable resource
 Separate yourself from your
competition
 Promote the end result
 Anticipate change
S STRENGTHS

W WEAKNESSES

O OPPORTUNITIES

T THREATS
A corporation is a legal
entity that is separate from
its owner. Corporation
normally can exists for a
life of 50 years which is
renewable for another 50
years.
 An entity organized by
people with similar needs to
provide themselves with
goods or services or to
jointly use available
resources to improve their
income.
 Typically
have a small scale
business involving 1 or 2 people,
small number of business
operations per day and small
number of clients.
EXAMPLES
 Employees are directly managed by the
business owner and therefore their number
normally do not exceed 6. They have a great
number of business operations daily and
often have a significant number of clients
EXAMPLES
 Have more employees, in more complex
management hierarchy than in the medium
scale businesses. They have great number of
business operations daily. Characterized by a
large number of clients, business contacts,
and great volume of business communication.
EXAMPLES