GBP

http://www.telegraph.co.uk/news/worldnews/europe/eu/8871382/David-Cameron-British-economy-is-getting-worse-as-euro-crisis-goes-unresolved.html

Euro Crisis

http://www.economist.com/node/21534849

Differences between distributed and undistributed profits?

Distributed profit- profits paid to shareholders/ other owners, normally in form of dividends.


Undistributed profit- profit kept for investment in the business.

Revenue

QUANTITY SOLD X AVERAGE SELLING PRICE

SWOT

Strengths
Weaknesses
Opportunities
Threats

Stakeholders Vs Shareholders

Stakeholders- people that have an 'interest' in the possible success/ failure of a business.

Examples- Customers, Government, Competitors, Investors, Pressure Groups, Employees, Suppliers, Media, Banks/ Lending Organisations, Shareholder.

Shareholders- a source of investment and can contribute to decisions in the business, may change it's direction.

Public-Shares regisitered on stock exchange, anyone can purchase them.

Private-Only available to friends/ family.

More money received based on size of share owned.

Dividend-Is business has profit is paid to shareholders twice a year.


 

Theories of leadership

McGregor an American psychologist wrote about how leaders attitude may effect behaviour.

Theories X and Y

• Y= Employees motivated solely by money
• X= Employees want more than finical gain.

X Leader believes:

• Average worker dislikes work and will avoid it.
• People must be controlled, directed and possibly punished to put in real effort.
• Typical worker wants to avoid responsibility and has little ambition.
• Employees look for a security above all else at work.
• Not inspired.

Y Leader believes: 

• Working is natural for most empolyees.
• Typical worker enjoys to work.
• Other means exist to motivate workers rather than control/ punishment.
• Workers want responsibility.
• Most employees have skills that can help an organization achieve their objectives