Chapter One - Large Scale Organisations in Context - DEFINITIONS Flashcards
What is an organisation?
An organisation is two or more people working together to achieve an objective
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 a multinational corporation?
A multinational corporation is owned and based in one country and operates in many countries throughout the world. eg. ANZ bank is owned and based in Australia, but operates in more than 32 countries.
What is a corporation?
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 eg. Australia Post, Medibank and VicRoads
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 infrastructure?
Infrastructure refers to highways, railways, airports, communications systems, education and health facilities, water, gas and electricity supplies.
What is globalisation?
Globalisation is the effect of hi-tech communications, lower transport costs and unrestricted trade and financial flows turning the whole world into a single market, producingq a more integrated global economic system.
What is a not-for-profit organisation?
An organisation who’s main purpose is to provide goods, services or funds to prevent particular social problems or to continue their work for the benefit of the community. eg. The Salvation Army
What is Gross domestic product?
Gross domestic product refers to the total monetary value of all goods and services produced in a country over one year.
What are exports?
Exports are when an organisation exports their goods or services to overseas markets
What is a board of directors?
A group of individuals that act as representatives of the shareholders to to make decisions on major company issues.
What is a managing director?
The most senior corporate officer, executive, or administrator in charge of managing a an organisation.
What is a government department?
Government Departments exist at all 3 levels of government (federal,state,and local). They provide essential community services
What are imports?
A good or service brought into one country from another.
What is conflict of interest?
When a person takes advantage of a situation or piece of information for his or her own gain rather than for the employee’s interests.
What are unions?
They attempt to negotiate favourable pay and work conditions on the employee’s’ behalf.
What are public companies?
Listed on the Australian Securities Exchange (ASX) and can have millions of shareholders
what are private companies?
not listed on the ASX (australian securities exchange) and have restrictions on who can buy shares
what is a government business enterprise?
A GBE is government owned and operated, carry out government policies while deliver community services.
what is the internal environment?
includes all those things over which the organisation has some degree of control
what is the external environment?
includes all those things over which the business has little control. It may be divided into an operating and macro environment