outcome 1 Flashcards
objectives
- financial
- social
- personal
financial objectives
-expand the business: hiring employes and opening more outlets -increase market share increasing product range -increase sales lowering prices and new marketing campaign
social objectives
-community service: sponsoring community programs -ecological sustainability: community programs -social justice: adopting a set of policies
personal
high income and improve financial security
profit organistations
-increase sales/profit
non for profit
-exists to provide goods and services for community to benefit
market share
sales compared to competitors
shareholders
anyone who purches shares on the ASX and now hold partial ownership of a business
small busineses
-employment and tax:
you get a wage and having a wage means you pay tax to improve economy
-economy growth:
production of goods and services
-export earnings:
sale of goods and services to other countries
internal environment
influences from within the business
- employess
- managers
- managment style
external environment
influences from outside the business
-operating and macro
operating
- employees
- customers
- competitors
macro
- legal/political
- technology
- social
- economic
coperate culture
shared beliefs, values and behaviours
policy
general guide for employees to deal with reoccurring issues
business ethics
application of moral standards to business behaviors EG: code of conduct
socially responsible managment
organisation considers community when making decisions
