Key Knowledge- Large-scale Organisations In Context Flashcards
Characteristics of a large scale organisation.
An LSO has over 200 employees, has assets of more than 200 million and revenue in the millions. It has a complex management structure and could operate overseas.
The context which contributes to the unique nature of large-scale organisations
There unique nature is for the sheer scale at which they operate, with their size bringing all kinds of advantages and new kinds of power. LSO’s have a great deal of political power, the sales and revenvue of some are as large as small countries, and they can make in bulk and hire huge amounts of staff.
Variations in types of LSO’s, their objectives and related business strategies.
Their are government departments, which exist to provide the community with essential services, such as health and education. There is also not-for-profits which are charities and foundations, which exist to provide goods, services and funds to prevent particular social problems.there is finally corporations which exist for profit. Under this there is government business enterprise which run for profit but secondly to providing the good or service.
Typical management functions in LSO’s, including operations, finance, human resources, marketing and research and development.
An LSO has different departments for different tasks. With the standard being an operations, which works on producing the good or service, finance, which looks after accounting, human resources, which looks after employees, marketing, which advertises, and finally research and development, that keeps looking for new advancement in the industry.
Contributions of LSO to the economy
Some positive contributions are provides jobs, increased infrastructure, increased exports, increased research and development. Some negatives are outsourcing, downsizing and damage to the environment.
Internal and external environments of LSO’s
The external environments are political influences, economic influences, legal influences, social attitudes and technological developments. Some internal environments are suppliers and creditors, competitors, customers and lobby groups.
Performance indicators used to evaluate the performance of LSO’s
Some performance indicators are Percentage of market share, which is how much of the industry the company controls. Net profit, shows how much the organisation makes, the rate of productivity growth shows how much the organisation is expanding, number of sales which is how well there product is selling, results of a staff/customer survey to show how well environment is, level of staff turnover shows how happy staff is, level of wastage shows how efficiently they are using there resources, number of complaints telling how happy consumers are and workplace accidents showing how safe the workplace is.
Interests of stakeholders of LSO’s
Stakeholders include management, shareholders, unions, employees, customers, suppliers and members of the community. They often clash interests with people wanting exact opposites, for example, employees want high wages but management want high profits, which clash with each other.
