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Unit 1
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- 1What are interest groups?Interest groups are organisations representing people or (stakeholders) who share a common interest.
AKA pressure groups, they try to influence the behaviour and decisions of others by engaging in lobbying, negotiating boycotts or legal actions. - 2Lobbyingrefers to the deliberate effort by interest groups to influence decision making by promoting a particular point of view.
- 3Business interest groupsIBEC-irish business and employers confederation( represents large and medium sized businesses in ireland.It attempts to influence the government or trde unions and also offers advice.
SFA-Small firms association speaks for and advises small businesses.Part of IBEC.
ISME-Irish small and Medium enterprises speaks for and advices small and medium sized enterprises.Independent of IBEC.
Chambers of Commerce-aim to protect and promote businesses located in their area - 4Trade associationsare business interest groups that represent businesses in similar types of activities.
SIMI-Society of the Irish motor industry
represents car dealers and garages
FDII-Food and Drink industry Ireland
RGDATA-.Retail Grocery Dairy & Allied Trades Association
IAHS-Irish association of the health stores - 5Other stakeholder interest groupsTrade unions-are organisations that represent the interest of employees in a business on issues concerning pay or conditions of employment-SIPTU (Services, Industrial, Professional and Technical Union) ,ASTI,TUI ICTU.
NCA-state agency set up to ensure consumers are aware of their rights and that legislation protecting consumers is obeyed.
CAI-Consumers associationireland represents and lobbies on behalf of consumer interest - 6Competitive approachviews the relationships between different stakeholders as a win or lose one. Only one can win hence stakeholders must compete to gain commercial advantage over the other..
Eg. Pepsi vs coca cola rivalry
A competitive approach is suitable for dealing with rival firms in the marketplace.
Unsuitable for dealing with business stakeholders as it can damage the reputation of the business. - 7Co-operative(partnership approach)views the relationship between stakeholders as a win/win situation for all sides.
- 8Dynamic approach/ChangingSometimes rival firms may switch from a competitive approach to a co-operative approach with each other.
- 9`Conflictoccurs when the interest of different stakeholders are in disagreement. This results in one party wanting to achieve something which is in contrast to the other part.
- 10Resolving Conflict (Non legislative)-Non legislative way to resolve conflict-
1.Talk
2.Negotiating means getting all sides in a dispute to explain their position, understand their differences and then bargain to arrive at a solution that is acceptable to both sides..(If not successful a third part is involved)
3.Seek Help-Arbitration means getting a third party to listen to all sides and then to recommend a solution. - 11Resolving conflict (Legislative)Use a State conflict resolution agency.
For conflicts between consumers and businesses: NCA + Small claims court
For conflicts between employers and employees: WRC + Labour court + Equality Authority +Employment Appeals tribunal - 12ContractIt is a legally binding relationship between two or more people that is enforceable by the law.
- 13Essential ELEMENTS OF A CONTRACT1.Offer
2.Acceptance
3.Consideration
4.Intention to contract
5.Capacity to contract
6.Consent to contract
7.Legality of form
8.Legality of purpose - 14The law of contractSets out the rules for proving when a contract exists or when the contract is terminated
- 15offer
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- Leaving Certificate Business Studies Fichas sobre Unit 1, creado por clea tabo el 24/01/2018.
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