the hardest to know is for the Reasons, Influences and Methods of Global Business expansion.
Here you go mate.
Reasons for expansion: MI RED CAT (teacher gave us this one)
Minimise competitive risk
Increase sales
Regulatory differences
Economies of scale
Diversification
Cushioning economic cycles
Acquiring resources + technology
Tax minimisation
Methods of Global Expansion: MR ELF (Already said before)
Influences of Global Expansion: LFPS (Lagging FPS)
Legal- DCI- Dispute Res Processes, Contracts, Intell Property
Financial- Currency
Political- TPOW- Trade Agree, Protectionism, Organisations (International), War + Civil unrest
Socio-cultural- TLRV (Tastes Like Real Vagina)- Tastes, Languages, Religion, Varying business practises.
And Here's a Couple More:
Effective ER: MR CFT
Measures of effectiveness
Rewards
Communication Systems
Flexible working hours
Training + Development
Managing Change Effectively- ISCC
Identifying need for change
Setting achievable goals
Creating a culture of change
Change models
and
Change + Social Responsibility: EQTGE (Every Queensland Team Gets Ear-raped)
Ecological Sustainability
Quality of working life
Technology
Globalisation
E-commerce
I made my notes using acronyms and mnemonic devices.
And @lolwhatever, don't worry... it's not stupid, it's merely that business studies is very content heavy n once u know ur content n can talk about it willy nilly, you can get good marks.
