Success factors and potential failures of mergers/takeovers

Importance of joint ventures and strategic alliances for external growth

Business objectives Business objectives

Objectives of businesses in the private, public, and social enterprise sectors

Importance of business objectives

Corporate social responsibility (CSR) and the triple bottom line: economic (financial), social, and environmental objectives

Relationship between mission statement, aims, objectives, strategy, and tactics

Business ownership

Main features of different business ownership types: sole traders, partnerships, private limited companies, public limited companies, franchises, cooperatives, joint ventures, and social enterprises

Appropriateness of different ownership types

Concepts of unlimited and limited liability and their significance

Advantages and disadvantages of changing business ownership types