Business Management Vce
BUSINESS MANAGEMENT
UNITS 3 & 4
AREA OF STUDY 1
Large-scale organisations in context * The context which contributes to the unique nature of LSO’S * Characteristics of large-scale organisations * Variations in types of large-scale organisations, their objectives and related business strategies * Typical management functions in LSO’s; including operations, finance, human resources, marketing, and research and development. * Contributions, both positive and negative, of LSO’s to the economy * Internal and external (operating and macro) environment of LSO’s * Performance indicators used to evaluate the performance of LSO’s- including the percentage of market share, net profit figures, the nature of productivity growth, the number of sales, results of a staff and/or customer satisfaction survey; the level of staff turnover, level of wastage, number of customer complaints and number of workplace accidents; * Identification and characteristics of stakeholders of LSO’s, including the interests, possible conflicts and related ethical and socially responsible considerations
DP 1: Context, which contributes to the unique nature of LSO’s * LSO’s because of their size have a great deal of political power
E.g. 1. Mining industry in AUS creates large number of jobs. Threatened to go offshore due to mining tax. 2. Big banks outsourcing offshore * Some Organisations have more economic influence than the government in power * Sales and Revenues of some multinationals e.g. Wal-Mart and General Electric= bigger tan the economies of several countries * LSO’s can produce G&S in bulk at a low cost, as they have financial means to pay for advanced technology and staff. Produce en masse
E.g. Price fixing, LSO’s have market power such as Coles and Safeway who have come under investigation for the $2 per 2 litres scandal, cutting farm gate prices * Owners of LSO’s have little to do with day-to-day decisions instead appointing
UNITS 3 & 4
AREA OF STUDY 1
Large-scale organisations in context * The context which contributes to the unique nature of LSO’S * Characteristics of large-scale organisations * Variations in types of large-scale organisations, their objectives and related business strategies * Typical management functions in LSO’s; including operations, finance, human resources, marketing, and research and development. * Contributions, both positive and negative, of LSO’s to the economy * Internal and external (operating and macro) environment of LSO’s * Performance indicators used to evaluate the performance of LSO’s- including the percentage of market share, net profit figures, the nature of productivity growth, the number of sales, results of a staff and/or customer satisfaction survey; the level of staff turnover, level of wastage, number of customer complaints and number of workplace accidents; * Identification and characteristics of stakeholders of LSO’s, including the interests, possible conflicts and related ethical and socially responsible considerations
DP 1: Context, which contributes to the unique nature of LSO’s * LSO’s because of their size have a great deal of political power
E.g. 1. Mining industry in AUS creates large number of jobs. Threatened to go offshore due to mining tax. 2. Big banks outsourcing offshore * Some Organisations have more economic influence than the government in power * Sales and Revenues of some multinationals e.g. Wal-Mart and General Electric= bigger tan the economies of several countries * LSO’s can produce G&S in bulk at a low cost, as they have financial means to pay for advanced technology and staff. Produce en masse
E.g. Price fixing, LSO’s have market power such as Coles and Safeway who have come under investigation for the $2 per 2 litres scandal, cutting farm gate prices * Owners of LSO’s have little to do with day-to-day decisions instead appointing