Business Organization and the Environment
The IB Business Management Business Organization and Environment unit covers the following topics:
- 1.1 Introduction to business management
- 1.2 Types of Organization
- 1.3 Organisational Objectives
- 1.4 Stakeholders
- 1.5 External Environment
- 1.6 Growth and Evolution
- 1.7 Organisational Planning Tools
What is a business?
A business is any organisation that makes goods or provides services. These range from small firms owned and run by just one self employed person, through to large companies which employ thousands of staff all over the world. Businesses exist to provide goods or services that satisfy a consumers' needs or wants, usually with the aim of making a profit . Goods are physical products - such as burgers or cars and can be classified as either consumer goods Services are non-physical products such as hotel accommodation, insurance services or internet service providers.
- Consumer goods (durable) = washing machines, cars, televisions.
- Consumer goods (non-durable) = food, drinks and sweets that can only be used once.
- Consumer services = hairdressing, train journeys.
- Capital goods = physical goods that are used in industry to make other goods and services, such as machines or if you are a hairdresser, a pair of scissors.
