Can you guess it?
Provides knowledge and ideas that help a company keep up and ahead of the competition.
What is Research & Development?
Economic factors that affect consumer purchasing power and spending patterns
What is Economic Environment?
Compels businesses to be "good corporate citizens" by supporting charities, contributing to local communities, adhering to ethical standards, and adopting environmentally responsible practices.
What is Corporate Social Responsibility?
Responsible for overseeing the day-to-day business operations, which can include ordering raw materials or scheduling workers to produce tangible goods.
What is Operations Manager?
Any human service- physical or intellectual. Also called human capital.
What is Labor?
The ability to recognize a profit opportunity, organize the other factors of production, and accept risk.
What is Entrepreneurship?
Regulatory policies and norms within which organizations must operate
What is Legal Environement?
An individual or a group that has a legitimate interest in a company, organization, or business.
What is Stakeholder?
Plan for both short- and long-term financial capital needs and analyze the impact that borrowing will have on the financial well-being of a business.
What is Financial Manager?
Anything that's manufactured in order to be used in the production of goods and services - for example, equipment.
What is Capital?
Work to identify and satisfy customer needs.
What is Marketing/Sales?
The immediate environment surrounding a firm; includes suppliers, customers, rivals, and the like.
What is Competitive Environment?
Resources used to produce the goods and/or services of a business.
What is Input?
Leads Research & Development and manages a Development VP or similar title depending on what technology products are being produced.
What is Chief Technology Officer (CFO)?
Natural resources, Labor, Capital, and Entrepreneurship
What is Factors of Production?
Plans, obtains, and manages company funds.
What is Finance?
Forces that create new business technologies, creating new product and market opportunities, including e-commerce.
What is Technological Environment?
Goods and/or services produced by a business.
What is Output?
Groups or people who work directly within the business, such as managers, employees, and owners.
What is Internal Stakeholder?
Management, Operations, Marketing/Sales, Finance, and Research & Development
What is Functional Areas?
Transforms resources into products.
What is Operations?
Encompasses the values, attitudes, beliefs, wants, and desires of the consuming public.
What is Social Environment?
Groups outside the business or people who do not work inside the business but are affected in some way by the decisions of the business.
What is External Stakeholder?
The set of global forces and conditions that operate beyond an organization's boundaries but affect a manager's ability to acquire and utilize resources.
What is Global Environment?
Among nations, allowing goods and services to flow across international borders more efficiently and cheaply.
What is Free Trade?