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1707417
AOS1: Introducing business
Description
VCE Business Management Unit 1: Area of Study 1 Introducing business Teaching resources & plan
No tags specified
business management unit 1
vce 12
Mind Map by
Kylie Bennett
, updated more than 1 year ago
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Created by
Kylie Bennett
over 9 years ago
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Resource summary
AOS1: Introducing business
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
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
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
Contributions of small business to the economy
Textbook 1.4
Weblink
Small business export success
Employment, taxation & revenue
Economic growth
Export earnings
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
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
4 weeks
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
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