AOS1: Introducing business

Kylie Bennett
Mind Map by Kylie Bennett, updated more than 1 year ago
Kylie Bennett
Created by Kylie Bennett over 5 years ago
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VCE Business Management Unit 1: Area of Study 1 Introducing business Teaching resources & plan

Resource summary

AOS1: Introducing business
1 Features of organisations including for profit & not-for-profit
1.1 Profit
1.2 Not-for-profit
1.3 Main activities
1.4 Similarities & differences
1.4.1 Objectives
1.4.2 Owners
1.4.3 Distribution of profits
1.4.4 Employees
1.5 Textbook 1.1
1.5.1 Weblinks from textbook
1.5.1.1 Birdlife Australia
1.5.1.2 Salvation Army
1.5.1.3 Kids Undercover
1.5.1.4 SIDS & Kids
2 Objectives of different types of organisations
2.1 Textbook 1.3
2.2 Financial objectives
2.2.1 Increase sales
2.2.2 Increase market share
2.2.3 Expand the business
2.3 Social objectives
2.3.1 Community service
2.3.2 Provision of employment
2.3.3 Social justice
2.3.4 Ecological sustainability
2.3.5 Textbook case studies
2.3.5.1 Socially responsible management
2.3.5.1.1 Weblink
2.3.5.1.1.1 Social resonsibility
2.3.5.2 Give away 1 million meals a year
2.3.5.2.1 Weblink
2.3.5.2.1.1 Fareshare
2.4 Personal objectives of owners
2.4.1 Not necessarily made public
2.4.1.1 More money
3 Distinctions between small, medium & large businesses
3.1 Measurements
3.1.1 Number of employees
3.1.2 Number of owners
3.1.3 Market share
3.1.4 Legal structure
3.2 Other factors
3.2.1 Owner makes most/all decisions
3.2.2 Owner provides most/all capital
3.2.3 Little/no control of the market
3.2.4 Independently owned & operated
3.2.5 Locally based
3.2.5.1 May export
3.2.5.2 Doesn't have offices around the world
3.3 Textbook 1.2
4 Contributions of small business to the economy
4.1 Textbook 1.4
4.1.1 Weblink
4.1.1.1 Small business export success
4.2 Employment, taxation & revenue
4.3 Economic growth
4.4 Export earnings
5 Internal & external (operating & macro) environments of a business
5.1 Internal environment
5.1.1 Textbook 1.5
5.1.2 Factors within the business
5.1.2.1 Employees
5.1.2.2 Managers
5.1.2.2.1 Management style
5.1.2.3 Corporate culture
5.1.2.3.1 Positive
5.1.2.3.2 Negative
5.1.2.4 Policies
5.2 External environment
5.2.1 Operating environment
5.2.1.1 Customers
5.2.1.2 Textbook 1.6
5.2.1.3 Suppliers
5.2.1.4 Competitors
5.2.1.5 Interest groups
5.2.2 Macro environment
5.2.2.1 Textbook 1.7
5.2.2.2 Political forces
5.2.2.3 Economic forces
5.2.2.4 Legal forces
5.2.2.5 Technological forces
5.2.2.6 Social forces
6 Business ethics & socially responsible management & their impact on various stakeholders
6.1 Textbook 1.8
6.2 Ethics
6.2.1 Application of moral standards to business behaviour
6.2.1.1 Behaving fairly & honestly
6.2.1.2 Truthful communication
6.2.1.3 Ethical treatment of employees
6.2.1.4 Conflict of interest
6.3 Social responsibility
6.3.1 Broader social welfare of community taken into consideration when making business decisions
7 4 weeks
8 Key skills:
8.1 Accurately use relevant management terms
8.2 Recognise & classify types of businesses
8.3 Acquire & exchange business information & ideas
8.4 Research aspects of business management using print & online sources
8.5 Apply business knowledge to practical &/or simulated business situations
8.6 Analyse business information & data
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