Business Report

Question 1

What are the skills of management?

Answer 1

Interpersonal, communication, adaptability to change, flexibility, vision, conflict resolution with stakeholders, decision-making, problem-solving and strategic thinking.

Question 2

What are the main business goals?

Answer 2

Increasing profit, increasing market share, growth, increasing share price, meeting social and environmental standards.

Question 3

What are the different external influences on business?

Answer 3

External - Economic, technological, competitive situation, social, environmental, and geographic

Question 4

What are the different internal influences on business?

Answer 4

Internal - Products, location, resources and management