LO1
What are the characteristics of a private business with examples
- profit driven
- funded through investment, membership fees and sales or sponsorships
- target group is people with a disposable income
- David Lloyds, Professional teams, private betting sites (bet365)
What are the characteristics of a public business with examples
- provide essential services to the community
- target group is the general publiuc
- funded by taxes, government and the national lottery
- aim to improve/increase participation and health
- Places leisure eastleigh, schools/colleges, public parks
What are the characteristics of a Voluntary business with examples
- Not made for profit
- normally charitibal
- giving back to the community
- run by volunteers
- Community sports teams, sports aid, sport relief
Define a sport business
People, activities amd organisations involved in producing, facilitating, promoting or organising any activity. experience or business enterprise focused in sport
Internal business environment
Consist of things directly controlled by the business
- employees, equipment, finance, functional responsibilities
Micro Environment
Comprises of all the organisations or individuals that directly or indirectly affect the activites of the company
- customers, competitors, suppliers, stake holders or shareholders
Macro Environment
The general forces and trends that influence what the business needs to do to stay relevant and popular. These tbuings are all out of the businesses control.
- econemy, politics, social matters, technology
P.E.S.T
political
economic
social
technology
Local business
- run by an individual or a small team
- target group is locals
- can involve shared job roles
- alexandra sports
National business
- Medium to large teams
- Hierarchal structure
- multi-site locations
- could be a franchise
- target group is nationwide
- Sports direct, sports relief
International
- Large teams of people
- products can be tailered to a countries needs
- complex hierarchal structure
- many sites - likely use other businesses for importing
- decathlon, park run
Global
- very large teams
- complex structure
- many sites in every country
- global targets
- more likely to be private and very unlikely to be public
- nike, under armour, puma, adidas