Describe The Main Components Of Contemporary Business

Value creation is creating value for the customer. Being able to solve or meet the customer requirements. Value is created whenever an action is taken for which the benefit exceeds the cost.

Some of the differences in non-profits verses profits is the managers in profit organization focus their attention on making a profit for upper management. They offer their employees small incentive to achieve sales and new customers. For profit organization executive can make thousands of dollars in extra shares of stocks as part of their bonus plan when their employees meet the goals set by the company. Non-profit organization is focused on the organization, giving to the community or the organization of choice. This organization's mission is to raise funds to benefit a charity group of choice. Nonprofit organization often receives some of their funding through grants and government or other non-profit groups such as boy and girl clubs, homeless

Not for profit organisations consist of organisations that are not run for the profit or personal gain of individual/s. They are often referred to as charities and provide benefit services to society, often encouraging people to band together by sharing resources to achieve a common goal. Profits can be obtained by these organisations but must applied for the organisations purposes. These organisations include Surf life-saving, Churches, and Salvation Army etc. (Sessoms, 2014).

The goal for non-profit organizations its to set up a demographic for the certain charity and to reach these demographics in a proper way in order to receive donations. The donors do not just donate to anyone. It is important for the organization to first have a good reputation and a good standing. There are many non-profit organizations that do not stay true

Write a business plan -This will be invaluable in understanding what you business is about and what your goals and objectives are.

The key to making any kind of business work depends on management and how management or managers manage the companies they work for. There

A not-for-profit or also called a non-profit corporation is a corporation formed pursuant to the Not-for-profit Corporation Law. Is formed for the purpose of serving a public. The services do not-for-profit corporations provide programs and services to the community e.g.: Charities, foundations, religious organization, professional/trade associations, hospital and more.

Many companies provide products and services that help better people's lives. Non-profit organizations support many different causes that are prevalent in our communities.

Non-profit organizations include community agencies, charities, colleges and non-profit hospitals. They constitute a major part of our economy and help to maintain a vibrant society. Despite their importance they are perpetually near crisis. They often stretch thin resources to cope with some of the most difficult problems imaginable, and they are often most needed when the resources of society are at a halt. These organizations tend to find ways to use the scarce resources they have acquired more wisely, to capture new resources and also to enhance the quality of their services.

1. Computer business development. 2. Reliability. 3. Costumer relations. 4. Leadership and Management skills. 5. Responsibility. 6. All office software and hardware to run business effectively, fastest computer today, dual monitor to view calendar/e-mails and have an open web page or phone system, fast office printer, wireless phone system used with computer at office, cell phone with blue tooth capabilities to provide internet to lap top computer when working out of office and abilities to connect to office computer from anywhere in the world.

is a process by which managers and employees work together to plan, monitor and review an employee 's work objectives and overall contribution to the organization. Value creation is the primary aim of any business entity. Creating value for customers helps sell products and services, while creating value for shareholders. The two tie together because the company wants to improve on their internal processes and that includes having products or services that customers will buy and use and that is the ultimate goal of an organization to create streaming revenues.

Value creation has been described as the difference between the amount that the consumer is willing to pay for a product and the costs of providing the product. Value can also be added to the product through outside or support (Porter, 1985) activities such as brand awareness, speed of delivery, after sales service.

Never start business until there is enough capital this can avoid cash flow problem while operating business. Get the pricing right by doing market research and obtain information about and to understand the cost structures and selling prices of your competitors. Target customers, and understand what their wants and need and what I can offer best for them. Next,

The research draws much attention to value as an important relationship with the customer and supplier, generated together through its value-chain, how it is the cumulative work of the organisation that equals the value of the product and or service to the customer. The product/service is just one

Assignment Session: 2012- 2013 Edexcel BTEC Level 5 HND Business and Marketing Unit 1 Assignment: Business Environment Assignment Introduction The assignment is aimed at providing you with an understanding of different organisations, the influence of stakeholders and the relationship between businesses and the local, national and global environments. Learning outcomes On successful completion of this assignment you will be able to: 1 Understand the organisational purposes of businesses 2 Understand the nature of the national environment in which businesses operate 3 Understand the behaviour of organisations in their market environment 4 Be able to assess the significance of the global