business studies essays grade 10

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Business Studies-Grade 10-Term 3-Work-Essay Prctice-2023

Business studies, selborne college - east london.

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Preview text, business studies grade 10 term 3, work essay prctice 2023, introduction:, creative thinking, problem solving, and decision making are each, essential factors in the business process that are needed for the business to, grow and take advantage of and/or create new opportunities for the business, to benefit and increase profitability., the difference between problem solving, and decision making:, - differences, ↳ problem solving:, ○ being carried out (usually) in a group setting, or with, multiple people around to get in the most ideas and, ○ creative thinking and coming up with possible solutions, ○ innovation in ideas and being less judgemental, ○ the job is to take time and sit and give input of multiple, ideas rather than one, ↳ decision making:, ○ seen as a more absolute direction, ○ usually carried out by one single person to take the ideas, that came from the problem solving and choosing the, suitable solution, ○ very logistical and wanting to get the job done instead of, working on the job more to create better ideas, this is not, creation it is a decision, the 7 steps of the problem solving, 1. identify problem at hand, 2. look at problem and attempt to understand it, 3. formulate a strategy, 4. put strategy in place, 5. allocate necessary resources, 6. monitor on progress of implementation and adapt accordingly, 7. decide whether or not the process or idea implemented was successful, benefits of creative thinking in the.

Better quality of productivity and work

● Since the staff will be part of the process and decisions of the

Creative thinking in solving problems, they will be more inclined to, follow up on said work as they had something to do with and had, a level of input in the decision., ● more ideas from different points of view and interest will bring, about more quality ideas that many people would not think of;, ● this leads to higher productivity as well since the ideas in general, will be of a better quality and understanding of the staff.

Team moral and motivated staff

● Since the staff will be able to freely express their ideas and

Opinions it means they wil feel more comfortable in the workplace, and will want to work harder for the company and will stay, ● the staff will feel safe and they will do their work properly and, have a level of company loyalty., mind mapping vs brainstorming.

Mind mapping

↳ Advantages

● caters to those who prefer visual senses in terms of, working and preativity, ● can be as organised or unorganized as the individual or, group wishes, there are no immediate rules, ● allows focus around and connections between different, points and ideas, ↳ disadvantages, ● thoughts and conflicting ideas and disagreements, between multiple people may arise so it is usually carried, out by and individual without collaboration, ● can be hard to start and time consuming due to keeping, track of different ideas and connections, ● possibility of over-simplifying an idea or not looking at, important ideas.

Brainstorming

● Collaboration and ingenuity

● many diverse ideas, ● problem is clearly defined and catered to, ● can be as quick or slow as the individual(s) wish, ● some individuals may not speak up and may feel shy, ● some individuals may run the whole discussion and be very, blocked off from others and lead instead of encourage, solving techniques, and strategic decision making, businesses can navigate, challenges, capitalize on opportunities, and drive success in an ever-evolving, marketplace. empowering employees and employing various idea generation, methods contribute to a thriving and innovative business environment..