Scribd
Upload
53 views2 pages

Key Concepts in Business Operations

The document outlines key concepts related to business, including profit-seeking motives, barriers to entry, and the importance of a business mindset. It describes various business roles and the potential negative impacts of business operations, as well as different types of businesses and their functional areas. Additionally, it highlights elements of professionalism essential for success in business.

Uploaded by

K61 VŨ THU TRANG
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
53 views2 pages

Key Concepts in Business Operations

The document outlines key concepts related to business, including profit-seeking motives, barriers to entry, and the importance of a business mindset. It describes various business roles and the potential negative impacts of business operations, as well as different types of businesses and their functional areas. Additionally, it highlights elements of professionalism essential for success in business.

Uploaded by

K61 VŨ THU TRANG
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

business: profit-seeking, provide goods & barrier to entry: resources or capability an

services org must have before start entering the


market

revenue, profit business mindset: a view of business to


deal with myriad decisions, problems

business model: concise description of business roles:


how a business intends to generate values - paying taxes
- offering valuable goods and services
- providing employment
- contributing to national growth,
stability, security

competitive advantage: aspects of product business’ potential negative effect


that makes it more appealing - pollution, waste
- disrupting communities
- health and safety risks
- financial instability

Types of business:
- non-for-profit
- good-producing (except for
software)
- service

functional areas Elements of professionalism


- R&D - striving to excel
- manufacturing, production, operation - be dependable
- marketing, sale, distribution, - be a team player
customer support - be clear
- finance and accounting - be respectful
- HR - be ethical
- business services - be positive

You might also like