Business Operations at Cologne Business School | Flashcards & Summaries

business operations at Cologne Business School

Flashcards and summaries for business operations at the Cologne Business School

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Micropreneurs what are they 

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What is an intrapreneur?

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Definition small business vs large business 
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5 reasons to start a business right away?

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What are small business strategies?

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Functions of management

Leading 

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Outline for business plan 
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The four functions of management 

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Managing a small business 

Exemplary flashcards for business operations at the Cologne Business School on StudySmarter:

Functions of management
Planning 

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Financing your small business

Sources of capital 
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Developing the business plan KEY FEATURES 

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Exemplary flashcards for business operations at the Cologne Business School on StudySmarter:

business operations

Micropreneurs what are they 
Entrepreneurs willing to accept risk if starting and managing a business that remains small, let’s them do the work they want to do and offers them a balanced lifestyle


 Nearly 60 percent of home based micropreneurs are men

business operations

What is an intrapreneur?
Creative people who work as entrepreneurs within corporations

Use a company’s existing resources to launch new products for the company




E.g. 3m the maker of post it notes, encourages intrapreneurship among employees by requiring the. To devote at least 15 percent of their time to think about new products 

business operations

Definition small business vs large business 
Owned by an individual or a small group

Independently managed (not part of a larger business)

Relatively little influence in its market (not dominant in its field)

Meet certain standards of size (in terms of employees or annual receipts)

business operations

5 reasons to start a business right away?
No mortgage or kids

Can survive on little funds and work long hours

No disruption in career path as it hasn’t yet started

More energy enthusiasm

If success = long term financial gains 

business operations

What are small business strategies?
react more quickly to changing market forces (examine areas for growth)

develop innovative product ideas faster, with fewer financial resources and people (invest in sales training & tech)

serve specialized markets 

offer higher level of personal service 

streamline business and eliminate waste 

business operations

Functions of management

Leading 
Guiding and motivating employees to work effectively to accomplish organizational goals and objectives

Giving assignments

Explaining routines

Clarifying policies

Providing feedback on performance 

business operations

Outline for business plan 
Title page

Table of contents

Executive summary

Vision and mission statement

Company overview

Product and/or service plan

Marketing plan

Management plan

Operating plan

Financial plan

Appendix of supporting documents 

business operations

The four functions of management 
Planning

leading 

organizing 

 controlling 

business operations

Managing a small business 
Market research

Managing your employees

Keeping records

Looking for help 

business operations

Functions of management
Planning 
Setting organizational goals

Developing strategies to reach those goals

Determining resources needed

Setting precise standards 

business operations

Financing your small business

Sources of capital 
Personal savings

Family

Business associates

Banks and finance institutions

Government agencies

Angel investors

Venture capitalist 

business operations

Developing the business plan KEY FEATURES 
General discription of the company

Qualifications of the owners

Description of the product or service

Analysis of the market

Financial plan

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Business Operation Key Terms at

Cologne Business School

Business Translations at

Universität Mannheim

Business at

University of Birmingham

Operations I at

Hochschule RheinMain

IT-Operations at

Fachhochschule der Wirtschaft

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