SAGE

Neck Infographic ToolKit

Issue link: http://sagepub.uberflip.com/i/1537720

Contents of this Issue

Navigation

Page 2 of 8

7 ESSENTIAL COMPONENTS OF BUSINESS The seven essential components of business represent the fundamentals of business activity. Addresses product and services, business models, and how we connect products and services to customers via marketing and sales. OFFERING ORGANIZATIONAL STRUCTURE AND CULTURE An organizational structure determines the flow of work and outlines how tasks are directed to achieve organizational goals. The culture of a business relates to the values and beliefs that create an environment that is unique to that business. Addresses product and services, business models, and how we connect products and services to customers via marketing and sales. COMPETITIVE ENVIRONMENT Every business has to manage the money coming into the business and the money leaving the business as well as understanding the implications of financial decisions. MONEY The employees that work in a business. PEOPLE The people who buy and use our products and services. CUSTOMERS OPERATIONS Relates to processes used to get the daily work done, and the data collected from this work and your customers to be‚er inform decision-making. 1 2 3 4 5 6 7 Source: Introduction to Business: For a Sustainable and Entrepreneurial Future Second Edition Heidi M. Neck, Ph.D. Christopher P. Neck, Ph. D. Emma L. Murray, BA, H. Dip Looking for more Introduction to Business content to share with your students? Visit collegepublishing.sagepub.com/intro-business. Source: Introduction to Business: For a Sustainable and Entrepreneurial Future Second Edition Heidi M. Neck, Ph.D. Christopher P. Neck, Ph. D. Emma L. Murray, BA, H. Dip Looking for more Introduction to Business content to share with your students? Visit collegepublishing.sagepub.com/intro-business.

Articles in this issue

Links on this page

view archives of SAGE - Neck Infographic ToolKit