B={profits: F,O,R&D,H,I,Mm
}//External environment ( C.S.T.E.P-newspaper's titles)PROFITS=TR-TC
FINANCE/CORPORATE FINANCE:
the activities concerned with determining a firm's long-term investments, obtaining the funds to pay for them, conducting the firm's everyday, and managing the firm's risks.
OPERATION/ PRODUCTION:
the activities to make goods or provide services( transform resources into finished products.)
Research & Development:
the systematic and objective process of gathering, and analyzing data for aid in identifying problems or opportunities. Selecting and implementing a course of action. Evaluating the course of action.
HUMAN RESOURCE:
the activities of hiring, training, evaluating and compensating employees. Development and administration of programs to enhance the quality and performance of a company's workforce.
INFORMATION: IPOS
the system designed to gather, organize, and distribute the information to make decision*
#office IT ( information technology): fax machine, voice mail, E-mail, Msn, intranet, internet*
MARKETING:
the process of planning and executing the conception, pricing, promoting, and distributing of ideas/goods/services to create exchanges that satisfy individual and organizational objectives.
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