Business & Management Concepts

process of creating growing, manufacturing or improving products or services

• Production

• Marketplace

• Small Businesses

• Big Businesses

where products are sold; exists wherever a product is sold to the customer

• Production

• Marketplace

• Green Marketing

• Product Recalls

usually have less than 100 employees; run by a few managers; “mom and pop” businesses

• Small Businesses

• Big Businesses

• Green Marketing

• Product Recalls

usually have more than 100 employees; usually are national or global; can be divided into many different departments

• Small businesses

• Big Businesses

• Planning

• Organization

not motivated to earn a profit; most local, state, federal agencies and services are considered businesses in the public sector

• Public Businesses

• Electronic Commerce (E-Commerce)

• Green Marketing

• Product Recalls

any business activity using electronic communication when goods and services are exchanged

• Electronic Commerce (E-Commerce)

• Green Marketing

• Product Recalls

• Vertical Organization

occurs when companies put forth an effort to produce and promote environmentally friendly products

• Green Marketing

• Product Recalls

• Vertical Organization

• Horizontal Organization

when a company takes a product off the shelves and requests any purchased product be sent back to the company for the good of the consumer due to an issue with the product

• Product Recalls

• Vertical Organization

• Horizontal Organization

• Planning

organizational system found in traditional businesses; managers look up to supervisors or executives look down to employees

• Vertical Organization

• Horizontal Organization

• Planning

• Organization

organizational system which involves self-management teams who set their own goals and make their own decisions; management levels are eliminated and supervisors are reduced; “flattening” of an organization

• Vertical Organization

• Horizontal Organization

• Planning

• Organization