Chapter One - Large Scale Organisations in Context Flashcards
What is a Large-scale Organisation?
A large-scale organisation employs 200 or more people, earns revenue in the millions, or has assets of more than $200 million.
What is an Organisation?
An organisation is two or more people working together to achieve an objective.
What is a Multinational Corporation?
A multinational corporation is owned and based in one country and operates in many countries throughout the world.
What is a Corporation (or company)?
A corporation is owned by shareholders and aims to make a profit.
What is a Shareholder?
A shareholder is any person who owns shares in a company.
What is a Government Business Enterprise?
A government business enterprise is government owned and operated. While it delivers community services it is run just like a company.
What is a Government Department?
Government departments exist on all three levels of government (federal, state and local). They provide essential community services, such as health, education and welfare.
What is an Objective?
An objective is a desired goal, outcome or specific result that an organisation intends to achieve.
What is a Vision Statement?
The vision statement states what the organisation aspires to become.
What is a Mission Statement?
The mission statement expresses why an organisation exists, its purpose and how it will operate.
What are Strategies?
Strategies are the actions that an organisation takes to achieve specific objectives.
What is an Invention?
An invention is the development of something new.
What is Innovation?
Innovation occurs when something already established is improved upon.
What is Research and Development?
Research and development refers to activities undertaken to:
- improve existing products
- create new products
What is Downsizing?
Downsizing involves workplace staff reductions, with the elimination of jobs and positions.
What is Outsourcing?
Outsourcing is the contracting of some organisational operations to outside suppliers.
What is the Internal Environment?
The internal environment includes all those things over which the organisation has some degree of control.
What is the External Environment?
The external environment includes those things over which the business has little control. It may be divided into an operating environment and a macro environment.
What is the Operating Environment?
An organisation’s operating environment refers to the outside factors with which the organisation directly interacts in the course of conducting its business.
What are Customers?
Customers are the buyers or uses of the products of a large-scale organisation.
What are Suppliers?
An organisation’s suppliers are those organisations and individuals that supply resources to the organisation, allowing it to conduct its operations.
What are Competitors?
Competitors are other organisations that offer rival products or services.
What are Lobby Groups?
Lobby groups are groups of people who attempt to directly influence or persuade an organisation to adopt particular policies.
What is the Macro Environment?
The macro environment is made up of the broad factors in the economy and society within which the organisation operates.