BUSINESS STUDIES
NOTES
Grade 12
JACQUELINE RIBEIRO
Summary of Estie Meyer ␝ain Strydomss Grade 12 Busin ess Studies textooot
,Chapter 1: Business Functins
Business MICRO MARKET MACRO
Envirinments
Placement In tern al Near extern al Far extern al
Cintril Full con trol No con trol, on ly in fuen ce No con trol
SWOT Analysis Stren gths; Weatn esses Opportun ities; Threats Opportun ities; Threats
TOWS Analysis MAX/MINI STRATEGIES Strengths Weaknesses
Oppirtunites SO: Maxi-Maxi WO: Maxi-Min i
Threats ST: Maxi-Min i WT: Min i-Min i
1. Iden tify the challen ge
2. An alyse the challen ge ( its efects on the ousin esss
3. Give a strategy (solution times
Envirinmental Develop n ew plan s to deal with challen ges
Scan 1. Iden tify issues
2. Evaluate factors (SWOTs
3. Develop strategy
Resiurce-Based 1. Iden tify resources
Analysis 2. Assess its value
3. Could it oe utilised oeter
somewhere else?
4. Create a sustain aole competitive
advan tage
5. Formulate a strategy to utilise
each resource
6. Assign lef over resources
Valuaole = duraole difficult to copy
Value-Chain Process of thin tin g up diferen t
Analysis ways in which ousin ess creates
value
1. An alyse each activity
2. Determin e where most
value is added
3. Retain s activities that
create value
4. Elimin ate those that don st
Eight Business 1. Purchasing (PF)
Functins Buys good/services
required
Types:
Own use (fridge
for stocts
Resell (tradin g
stocts
Processin g (raw
, materials
Return on in vestmen t
(ROIs
Orders
deliveries (placed
con firmed oy
PFs
EPOSSE = in ven tory
con trol
(SCMs = supply chain
man agemen t
2. Priductin
WHAT? Place, price,
product, quality, quan tity,
time
AIM? Tran sform raw good
in to goods that satisfy
n eeds
GOAL? Keep costs low,
main tain quality
stan dards
AUTOMATION = machin es
tateover joos
QUALITY CONTROL =
sample/oatch
INTEGRATION:
Forward (ouy out
middle man s
Bactward (ouy
suppliers
Horizon tal (ouy
out competitors
3. Financial
Needs capital
Fin an cial statemen ts:
Comprehen sive
in come (in comes
Fin an cial position
(oalan ce sheets
4 main oojectives:
1. Max profits
2. In crease
profitaoilit
NOTES
Grade 12
JACQUELINE RIBEIRO
Summary of Estie Meyer ␝ain Strydomss Grade 12 Busin ess Studies textooot
,Chapter 1: Business Functins
Business MICRO MARKET MACRO
Envirinments
Placement In tern al Near extern al Far extern al
Cintril Full con trol No con trol, on ly in fuen ce No con trol
SWOT Analysis Stren gths; Weatn esses Opportun ities; Threats Opportun ities; Threats
TOWS Analysis MAX/MINI STRATEGIES Strengths Weaknesses
Oppirtunites SO: Maxi-Maxi WO: Maxi-Min i
Threats ST: Maxi-Min i WT: Min i-Min i
1. Iden tify the challen ge
2. An alyse the challen ge ( its efects on the ousin esss
3. Give a strategy (solution times
Envirinmental Develop n ew plan s to deal with challen ges
Scan 1. Iden tify issues
2. Evaluate factors (SWOTs
3. Develop strategy
Resiurce-Based 1. Iden tify resources
Analysis 2. Assess its value
3. Could it oe utilised oeter
somewhere else?
4. Create a sustain aole competitive
advan tage
5. Formulate a strategy to utilise
each resource
6. Assign lef over resources
Valuaole = duraole difficult to copy
Value-Chain Process of thin tin g up diferen t
Analysis ways in which ousin ess creates
value
1. An alyse each activity
2. Determin e where most
value is added
3. Retain s activities that
create value
4. Elimin ate those that don st
Eight Business 1. Purchasing (PF)
Functins Buys good/services
required
Types:
Own use (fridge
for stocts
Resell (tradin g
stocts
Processin g (raw
, materials
Return on in vestmen t
(ROIs
Orders
deliveries (placed
con firmed oy
PFs
EPOSSE = in ven tory
con trol
(SCMs = supply chain
man agemen t
2. Priductin
WHAT? Place, price,
product, quality, quan tity,
time
AIM? Tran sform raw good
in to goods that satisfy
n eeds
GOAL? Keep costs low,
main tain quality
stan dards
AUTOMATION = machin es
tateover joos
QUALITY CONTROL =
sample/oatch
INTEGRATION:
Forward (ouy out
middle man s
Bactward (ouy
suppliers
Horizon tal (ouy
out competitors
3. Financial
Needs capital
Fin an cial statemen ts:
Comprehen sive
in come (in comes
Fin an cial position
(oalan ce sheets
4 main oojectives:
1. Max profits
2. In crease
profitaoilit
