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    • Preliminary Business Studies >
      • Nature of Business >
        • Role of business
        • Types of businesses
        • Influences
        • Business growth and decline
      • Business Management >
        • Nature of management
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        • Management and change
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        • SMEs
        • Influences
        • Business Planning Process
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      • Introduction to Economics >
        • The nature of economics
        • The operation of an economy
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        • Businesses
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        • Demand
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        • Market equilibrium
        • Market structures
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        • Demand and supply of labour
        • Labour market trends
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      • P1: Social and Cultural World
      • P2 Personal and Social Identity
      • P3: Intercultural Communication
      • PIP
      • H1: Social and Cultural Continuity and Change
      • H2: Popular Culture - Social Media
      • H3: Equality and Difference
    • Geography (old syllabus) >
      • Coastal Management
      • Urban Growth and Decline
      • Human Rights
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TOPIC 1: NATURE OF BUSINESS

Role of Business
Types of Businesses
Influences
Growth and Decline


​Types of businesses

Classification of business
  • size: small to medium enterprises (SMEs), large
  • local, national, global
  • industry: primary, secondary, tertiary, quaternary, quinary
  • legal structure: sole trader, partnership, private company, public company, government enterprise

Factors influencing choice of legal structure

  • size, ownership, finance

Students need to be able to:
  • distinguish between the different types of businesses
  • discuss the global expansion of one Australian business
  • discuss the global expansion of one global business into Australia

Introduction

 READ: Look up on the internet or a textbook the various classifications of business you don't already understand and add them to your Glossary:
  • size: small to medium enterprises (SMEs), large
  • local, national, global
  • industry: primary, secondary, tertiary, quaternary, quinary
  • legal structure: sole trader, partnership, private company, public company, government enterprise

TASK: Create a table of all the purchases you have made during the last week and categorise them according to the above classifications:
classifyingexercise.xls
File Size: 22 kb
File Type: xls
Download File

Classifying businesses by size

READ: This article from The Conversation.

TASK: Identify the classifications of business based on size by the Australian Bureau of Statistics, the Australian Tax Office and Fair Work.

Classifying business by geographic scale

TASK: Think about your local shops and where you like to shop.
  1. How often do you shop at your local small businesses?
  2. Why are some people sad when a local business closes down?
  3. Discuss if it is important to try to keep money within Australia in local or national businesses.
  4. Discuss the advantages and disadvantages of businesses going global.

Classifying businesses by industry

READ: The Sectors of the Economy 
TASK: 
1. Create a diagram (A4 page size) with pictures properly referenced to represent each of the sectors.
2. Complete the quiz:
industry_classification_quiz.docx
File Size: 14 kb
File Type: docx
Download File

Classifying businesses by legal structure

READ: Investigate business legal structures 
TASK: Complete the summary table:
business_entities_worksheet_2014.doc
File Size: 32 kb
File Type: doc
Download File

READ: Economic Glossary definition of government enterprises.
TASK: Define government enterprises in your own words.

TASK: Complete the 'Researching the ABS' worksheet:
researching_the_australian_bureau_of_statistics_worksheet.doc
File Size: 37 kb
File Type: doc
Download File

Factors influencing the choice of legal structure

READ: 
  1. Starting a company or business (ASIC)
  2. Choosing the right business structure (FindLaw)
  3. Examine the diagram:

Global expansion

TASK: 
1) Investigate how Smiggle, an Australian company, is expanding.
Smiggle is a stationery retailer popular with the ‘tween’ market (8-12 year olds). It started as a private company but once it had expanded to 20 stores across three states, it joined the Just Group, a public company listed on the ASX. About a year later, Premier Investments, another public company, took over the Just Group. It is now a global business with stores in the UK, Malaysia, Singapore, Hong Kong, New Zealand and Australia.
  • Stephen Meurs, Peter Pausewang and their Smiggle smarts (Dynamic Business)
  • How Smiggle became a powerhouse as the healthy alternative to screen addiction (news.com.au)
  • Access the latest Premier Investments Annual Report

2) Investigate how Zara, the Spanish clothing store, has been expanding into Australia.
  • Zara Australia: Sales, Stores & Online Shopping (marie claire)
  • Fashionably fast is the key to Zara's success (smh)
  • Spanish domination (Marketing magazine)

3) Prepare a 1-2 page 'Fact Sheet' to give advice to companies considering global expansion, using Smiggle and Zara as examples.
Influences
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  • Home
  • About
    • About
    • Education Blog
    • Writing Blog
  • Case Studies
  • Courses
  • HSIE Resources
    • HSC Business Studies >
      • Operations >
        • Role of operations management
        • Influences
        • Processes (overview) >
          • Inputs
          • Transformation processes
          • Outputs
        • Strategies
      • Marketing >
        • Role of marketing
        • Influences
        • Process
        • Strategies
      • Finance >
        • Role of Financial Management
        • Influences
        • Processes
        • Strategies
      • Human Resources >
        • Role of human resource management
        • Influences
        • Processes
        • Strategies
        • Effectiveness
    • Preliminary Business Studies >
      • Nature of Business >
        • Role of business
        • Types of businesses
        • Influences
        • Business growth and decline
      • Business Management >
        • Nature of management
        • Management approaches
        • Management process
        • Management and change
      • Business Planning >
        • SMEs
        • Influences
        • Business Planning Process
        • Critical Issues
    • Economics >
      • Introduction to Economics >
        • The nature of economics
        • The operation of an economy
      • Consumers and Businesses >
        • Businesses
      • Markets >
        • Demand
        • Supply
        • Market equilibrium
        • Market structures
      • Labour Market >
        • Demand and supply of labour
        • Labour market trends
      • Economic Issues >
        • Economic growth
        • Unemployment
        • Inflation
        • External Stability
        • Distribution of Income and Wealth
        • Environmental Sustainability
    • Society and Culture >
      • Course Framework
      • Research Methods
      • P1: Social and Cultural World
      • P2 Personal and Social Identity
      • P3: Intercultural Communication
      • PIP
      • H1: Social and Cultural Continuity and Change
      • H2: Popular Culture - Social Media
      • H3: Equality and Difference
    • Geography (old syllabus) >
      • Coastal Management
      • Urban Growth and Decline
      • Human Rights
  • Contact