palmcards acronyms Flashcards
personal qualities
Gender
Entrepernurship
Motivation
Skills
Qualifications
Cultural background
Sources of information
- when SMEs receive support from both private and government agencies
PRIVATE:
Mangagement consultants
Accountants
Bank managers
Solicitors
GOVERNMENT
Local
State
Federal
Role of a business
Employment
Profit
Innovation
Income
Choice
Qualifications
Wealth creation
Finance
EQUITY
- loans from friends/family
- shareholders
- self funding
- private investors
DEBT FINANCE:
SHORT TERM:
Factoring
Overdraft
Comercial bill
LONG TERM DEBTS
Morgage
Unsecured notes
Debnatures
External influences
Social
Legal
Institutional
Political
Geographical
Economical
Technoloigcal
Competitive situation (monopoly, oligopoly, monopolistic)
Market (consumer, labor, financial)
Finance - money that is regulated around the eoconomy
stakeholders
Society/general public - external
Shareholders - internal
Environment - external
Employees - internal
Managers - internal
Consumers - external
internal influences
Product
Location = visibility, convienece
Management
Business culture
Resources
