AOS1: Introducing business

Features of organisations including for profit & not-for-profit
1. Profit
2. Not-for-profit
3. Main activities
4. Similarities & differences
  1. Objectives
  2. Owners
  3. Distribution of profits
  4. Employees
5. Textbook 1.1
  1. Weblinks from textbook
    1. Birdlife Australia
    2. Salvation Army
    3. Kids Undercover
    4. SIDS & Kids
Objectives of different types of organisations
1. Textbook 1.3
2. Financial objectives
  1. Increase sales
  2. Increase market share
  3. Expand the business
3. Social objectives
  1. Community service
  2. Provision of employment
  3. Social justice
  4. Ecological sustainability
  5. Textbook case studies
    1. Socially responsible management
      1. Weblink
        Social resonsibility
    2. Give away 1 million meals a year
      1. Weblink
        Fareshare
4. Personal objectives of owners
  1. Not necessarily made public
    1. More money
Distinctions between small, medium & large businesses
1. Measurements
  1. Number of employees
  2. Number of owners
  3. Market share
  4. Legal structure
2. Other factors
  1. Owner makes most/all decisions
  2. Owner provides most/all capital
  3. Little/no control of the market
  4. Independently owned & operated
  5. Locally based
    1. May export
    2. Doesn't have offices around the world
3. Textbook 1.2
Contributions of small business to the economy
1. Textbook 1.4
  1. Weblink
    1. Small business export success
2. Employment, taxation & revenue
3. Economic growth
4. Export earnings
Internal & external (operating & macro) environments of a business
1. Internal environment
  1. Textbook 1.5
  2. Factors within the business
    1. Employees
    2. Managers
      1. Management style
    3. Corporate culture
      1. Positive
      2. Negative
    4. Policies
2. External environment
  1. Operating environment
    1. Customers
    2. Textbook 1.6
    3. Suppliers
    4. Competitors
    5. Interest groups
  2. Macro environment
    1. Textbook 1.7
    2. Political forces
    3. Economic forces
    4. Legal forces
    5. Technological forces
    6. Social forces
Business ethics & socially responsible management & their impact on various stakeholders
1. Textbook 1.8
2. Ethics
  1. Application of moral standards to business behaviour
    1. Behaving fairly & honestly
    2. Truthful communication
    3. Ethical treatment of employees
    4. Conflict of interest
3. Social responsibility
  1. Broader social welfare of community taken into consideration when making business decisions
4 weeks
Key skills:
1. Accurately use relevant management terms
2. Recognise & classify types of businesses
3. Acquire & exchange business information & ideas
4. Research aspects of business management using print & online sources
5. Apply business knowledge to practical &/or simulated business situations
6. Analyse business information & data

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AOS1: Introducing business

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