Business And Technology at University Of The Western Cape | Flashcards & Summaries

Lernmaterialien für Business and Technology an der University of the Western Cape

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What is business enterprise?

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The process of identifying new business opportunities, and then taking advantage of them. 

It can involve starting up a new business or helping an existing one to expand by coming up with new ideas.


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What do managers do?
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1) Enact the plan
2) Use their authority
3) Manage Risks
4) Have Subordinates
They organise
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When do inappropriate and inaccurate translations occur?
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When the language being used to promote a product is not converted accurately.
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Type of not-for-profit organisations 
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  • Public sector organisations (funded by the government) 

  • Non-government organisations (NGO are partly or wholly funded from non-government organisations)
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List 3 problems of rapid growth?
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1. Overtrading 
2. Cultural clashes
3. Risk of high gearing
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An organisation that’s partly or wholly funded from non-government resources.
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Non-government organisation 
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Points of an organisations
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  • Social arrangement

  • Pursues collective goals

  • Controls its own performance

  • Has a boundary seperating it from its environment
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They exist to provide a benefit to the public.
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Not-for-profit organisations 
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How do business organisations differ? (Give 5 out of 8)
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  • Size 
  • No. of organisational levels (tall/flat)
  • Span of control 
  • Centralisation vs. Decentralisation (where power lies/is delegated)
  • Criteria for departmentation (by: geography, product, function)
  • Motive - profit or non-profit making?
  • Ownership
  • Technology 
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Main types of organisation
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  • Business organisation 
  • Not-for-profit  organisation 
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Features of business organisation :
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  • Made up by a group of people who work together for the achievement of set goals - different people do different things or specialise in one activity. 

  • Have business strategies to achieve objectives. 

  • Have a vision and a mission

  • Have a culture which is formed by the organisational values. 

  • Have structures and a sound system i.e. system and procedures. 

  • Have inputs which are processed and provide an output. 

  • Have customers besides other stakeholders. 
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Non-for-profit organisations 
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  • Not seek to make a profit

  • Provide benefit to the public
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Q:

What is business enterprise?

A:

The process of identifying new business opportunities, and then taking advantage of them. 

It can involve starting up a new business or helping an existing one to expand by coming up with new ideas.


Q:
What do managers do?
A:
1) Enact the plan
2) Use their authority
3) Manage Risks
4) Have Subordinates
They organise
Q:
When do inappropriate and inaccurate translations occur?
A:
When the language being used to promote a product is not converted accurately.
Q:
Type of not-for-profit organisations 
A:
  • Public sector organisations (funded by the government) 

  • Non-government organisations (NGO are partly or wholly funded from non-government organisations)
Q:
List 3 problems of rapid growth?
A:
1. Overtrading 
2. Cultural clashes
3. Risk of high gearing
Mehr Karteikarten anzeigen
Q:
An organisation that’s partly or wholly funded from non-government resources.
A:
Non-government organisation 
Q:
Points of an organisations
A:
  • Social arrangement

  • Pursues collective goals

  • Controls its own performance

  • Has a boundary seperating it from its environment
Q:
They exist to provide a benefit to the public.
A:
Not-for-profit organisations 
Q:
How do business organisations differ? (Give 5 out of 8)
A:
  • Size 
  • No. of organisational levels (tall/flat)
  • Span of control 
  • Centralisation vs. Decentralisation (where power lies/is delegated)
  • Criteria for departmentation (by: geography, product, function)
  • Motive - profit or non-profit making?
  • Ownership
  • Technology 
Q:
Main types of organisation
A:
  • Business organisation 
  • Not-for-profit  organisation 
Q:
Features of business organisation :
A:
  • Made up by a group of people who work together for the achievement of set goals - different people do different things or specialise in one activity. 

  • Have business strategies to achieve objectives. 

  • Have a vision and a mission

  • Have a culture which is formed by the organisational values. 

  • Have structures and a sound system i.e. system and procedures. 

  • Have inputs which are processed and provide an output. 

  • Have customers besides other stakeholders. 
Q:
Non-for-profit organisations 
A:
  • Not seek to make a profit

  • Provide benefit to the public
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