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Standard Grade Business Management - Why Do Businesses Fail?

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Musselburgh Grammar School
Musselburgh Grammar School
Économie & financeBusiness
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WHY DO BUSINESSES FAIL?
Businesses fail for a number of reasons ...
Cash Flow Problems ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
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[object Object],[object Object]
  Read the article on Worksheet Why Businesses Fail – worksheet 1 and answer the questions.
Competition is too fierce ,[object Object],[object Object],[object Object],[object Object],[object Object]
Business generally is bad ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The business has not kept up-to-date ,[object Object],[object Object],[object Object],[object Object]
Poor management ,[object Object],[object Object]
[object Object],[object Object]
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What kind of challenges do businesses face? Businesses may face many challenges. Some of these come from within the business (INTERNAL) and some come from outside the business (EXTERNAL)
Internal Challenges ,[object Object],[object Object],[object Object],[object Object]
Shortage of Finance ,[object Object],[object Object],[object Object],[object Object]
Staff Problems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Faulty Equipment ,[object Object],[object Object],[object Object],[object Object]
External Pressures ,[object Object],[object Object],[object Object],[object Object],[object Object]
POLITICAL CHALLENGES ,[object Object],[object Object],[object Object],[object Object],Complying with government laws will increase business costs in both time and money.
  Access the Internet. Search for the pieces of legislation listed previously. Write a brief note describing each law.
SOCIAL & ENVIRONMENTAL CHALLENGES ,[object Object],[object Object],[object Object]
TECHNOLOGICAL CHALLENGES These challenges are based upon changing technology. Technology is changing rapidly, therefore businesses find themselves investing in new technology regularly so as not to be left behind by their competitors. New technology requires money to be spent on the equipment and training for staff. then now
COMPETITIVE CHALLENGES ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Standard Grade Business Management - Why Do Businesses Fail?

  • 2. Businesses fail for a number of reasons ...
  • 3.
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  • 5.
  • 6.
  • 7.   Read the article on Worksheet Why Businesses Fail – worksheet 1 and answer the questions.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. What kind of challenges do businesses face? Businesses may face many challenges. Some of these come from within the business (INTERNAL) and some come from outside the business (EXTERNAL)
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.   Access the Internet. Search for the pieces of legislation listed previously. Write a brief note describing each law.
  • 22.
  • 23. TECHNOLOGICAL CHALLENGES These challenges are based upon changing technology. Technology is changing rapidly, therefore businesses find themselves investing in new technology regularly so as not to be left behind by their competitors. New technology requires money to be spent on the equipment and training for staff. then now
  • 24.