Across
- 2. The individuals, organizations or groups with a vested interest in the actions and outcomes of a specific organization. They are directly affected by the performance of the business.
- 8. The people hired to be responsible for overseeing certain functions, operations or departments within an organization.
- 9. business alliance consisting of between 2 and 20 individual owners who are jointly responsible for the business (although this number can vary between countries).
- 10. growth strategy in the Ansoff matrix, which involves a business launching new products in new markets, such as Honda (motor vehicles) manufacturing lawnmowers and jet planes.
- 11. The group of senior managers who run a company on behalf of the owners of the company.
- 12. growth strategy involving the right to trade using another company’s products, brand name and corporate logo.
- 16. altruistic organizations that operate predominantly in the private sector with the goal of promoting a worthwhile social cause.
- 17. A distinct group of customers with similar characteristics, tastes and preferences.
Down
- 1. A business that operates in two or more countries, or is legally registered in more than one country.
- 3. The short-term methods, often on a daily basis, used to implement business strategy.
- 4. group or groups of customers that businesses aim their products at, such as females, children, high-income earners or a particular ethnic group of customers.
- 5. An inspiring declaration of what an organization ultimately strives to be, or to achieve, in the distant future.
- 6. The process of creating goods and/or services using the factors of production available to the business.
- 7. Business sector involved in providing services to customers, i.e. consumers and business clients.
- 8. form of external growth involving two or more companies agreeing to form a single, larger company thereby benefiting from operating on a larger scale.
- 9. Business sector involved with the extraction of natural resources, e.g. fishing, mining and agriculture.
- 11. The process of distinguishing an organization’s products from those of other firms in the same industry.
- 13. Industries that buy and sell highly specialised products to cater for a small and select target market, such as snowboarders.
- 14. A business-minded person who manages, organizes and plans the production process, taking risks with business decision-making.
- 15. when organization objectives are specific, measurable, agreed (or achievable), realistic (or relevant), and time bound.
- 17. the ways in which a business plans to reach its long-term organizational aims.