DEFINITIONS
The process of setting up a new business.
Entrepreneurship
What does NGO stand for?
Non-governmental organisation
Describe this to your teammates, using only your body language.
Small organisation
True or false- producing grain is a primary sector activity.
True
Name a reason why Henry is the best.
lol
A written expression of an organisation’s purpose and reason for being.
Mission statement.
What does SWOT stand for?
Strengths, weaknesses, opportunities, threats
Describe this to your teammates, using only your body language.
Fishbone diagram
True or false- STEEPLE analysis is used to evaluate the firm’s internal environment.
False (it’s used to evaluate the external environment)
Construct a fishbone diagram with the final effect of becoming an alcoholic.
Good jobTM.
The goals an organisation would like to accomplish. They may be somewhat broad, optimistic and imprecise.
Aims.
What does STEEPLE stand for?
Sociocultural, technological, economic, environmental, political, legal, ethical
Describe this to your teammates, using only your body language.
Decision tree
True or false- a mission statement is a written expression of an organisation’s long-term ambitions that it hopes to realise in the future.
False (a vision statement)
With your whole team, make Eskla’s “favourite” shape.
Human pyramid
Function that makes sure the business employs the correct number of appropriately skilled employees
HR/Human resources
What does PPP stand for?
Public private partnership
Describe this to your teammates, using only your body language.
Service
True or false- Coop Estonia is a non-profit organization.
False (a cooperative)
Name three business core activities
e.g Making a product, constructing houses, selling clothes, growing crops
The model describing potential growth strategies.
The Ansoff Matrix
What does CSR stand for?
Corporate social responsibility
Describe this to your teammates, using only your body language
Non-profit organisation
PPPs are more suitable for long-duration projects.
True
Describe this sector to your teammates, using only your body language
Quaternary sector