Chapter 1.1 - 1.5 - Large Scale Organisations Flashcards
What is the characteristics of an LSO
200 + employees Significant Market Share Earns revenue in millions Has assets of more than $200 million Transnational
What’s is an organisation
Two or more people working together to achieve an objective
What are the variations of LSOs?
Corporations - Public, Private
Not-for-profit organisations
Government Business enterprise (GBE)
What are two different types of corporations and how do they differ?
Public - anyone one can buy shares in the organisation
Private - shares are limited and usually family owned
Define “Multinational Corporation”
Owned by and based in one country and operates in many countries throughout the world
Describe three features that make an LSO unique ?
Have great political influence
Have management structures
Produce goods and services en masse
What is an objective
It is a desired goal, outcome or specific result that an organisation intends to achieve
What are strategies ?
They are how the organisation attempts to achieve its objectives
What is a vision statement ?
What the organisation hopes to become in the future
What is a mission statement?
It reflects what the organisation is, what it is trying too achieve, why it exists and what its purpose is
List four positive contributions that LSO’s make to the economy
Export products which generates income for Australians and helps reduce trade deficit
Provide employment and income for employees
Pays taxes to the government
Encourage competition, which results in cheaper products
Encourage research and development into new and improved products
List three negative contributions than LSO’s make to the economy
Downsizing
Outsourcing
Damage too the environment
What is down sizing
It involves work place staff reductions with the eliminations of jobs and positions
What is outsourcing ?
It is the contracting of some organisational operations to outside suppliers
What is a gross domestic product?
It refers to the total monetary value of all goods and services produced in a country over one year
