AOS1: Introducing business

AOS1: Introducing business

1. Features of organisations including for profit & not-for-profit

   • Profit
   • Not-for-profit
   • Main activities
   • Similarities & differences
     • Objectives
     • Owners
     • Distribution of profits
     • Employees
   • Textbook 1.1
     • Weblinks from textbook
       • Birdlife Australia
       • Salvation Army
       • Kids Undercover
       • SIDS & Kids

2. Objectives of different types of organisations

   • Textbook 1.3
   • Financial objectives
     • Increase sales
     • Increase market share
     • Expand the business
   • Social objectives
     • Community service
     • Provision of employment
     • Social justice
     • Ecological sustainability
     • Textbook case studies
       • Socially responsible management
         • Weblink
           • Social resonsibility
       • Give away 1 million meals a year
         • Weblink
           • Fareshare
   • Personal objectives of owners
     • Not necessarily made public
       • More money

3. Distinctions between small, medium & large businesses

   • Measurements
     • Number of employees
     • Number of owners
     • Market share
     • Legal structure
   • Other factors
     • Owner makes most/all decisions
     • Owner provides most/all capital
     • Little/no control of the market
     • Independently owned & operated
     • Locally based
       • May export
       • Doesn't have offices around the world
   • Textbook 1.2

4. Contributions of small business to the economy

   • Textbook 1.4
     • Weblink
       • Small business export success
   • Employment, taxation & revenue
   • Economic growth
   • Export earnings

5. Internal & external (operating & macro) environments of a business

   • Internal environment
     • Textbook 1.5
     • Factors within the business
       • Employees
       • Managers
         • Management style
       • Corporate culture
         • Positive
         • Negative
       • Policies
   • External environment
     • Operating environment
       • Customers
       • Textbook 1.6
       • Suppliers
       • Competitors
       • Interest groups
     • Macro environment
       • Textbook 1.7
       • Political forces
       • Economic forces
       • Legal forces
       • Technological forces
       • Social forces

6. Business ethics & socially responsible management & their impact on various stakeholders

   • Textbook 1.8
   • Ethics
     • Application of moral standards to business behaviour
       • Behaving fairly & honestly
       • Truthful communication
       • Ethical treatment of employees
       • Conflict of interest
   • Social responsibility
     • Broader social welfare of community taken into consideration when making business decisions

7. 4 weeks

8. Key skills:

   • Accurately use relevant management terms
   • Recognise & classify types of businesses
   • Acquire & exchange business information & ideas
   • Research aspects of business management using print & online sources
   • Apply business knowledge to practical &/or simulated business situations
   • Analyse business information & data