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Joseph
FAB STUDY SCHOOL
ORGANISATION
Section A
ORGANISATION DEFINITION:
Social arrangement
Collective goals
Controls performance
Boundary
ORGANISATION DIFFERENCES:
Profit / non profit
Legal status /size
Ownership
Activity
Control
Technology
Source of finance
Types of organisations
Private sector organisation NOT
owned or controlled by the
government
Public sector organisation owned or
controlled by government
Private sector
Private limited:
Owned by a small number of individuals
Ends with ltd
Public limited:
Owned by any person in the general
public / large number of individuals
Ends with plc
Stakeholders
An entity which can
affect or be affected by
an organisation.
Classifications of stakeholders:
Internal managers and employees
External government, pressure
groups and professional bodies
Connected shareholders, bank,
customers and suppliers
High interest
Low amount of
power
Minimum effort
require
Keep informed
High amount of
power
Keep satisfied
Keep happy
Uncertainty
Simple
Complex
Stable
Low uncertainty
(certain)
Low to moderate
uncertainty
Dynamic
Environmental Analysis
Analysis of the macro-environment (PEST):
Political / Legal
Economical
Social / Environmental protection
Technological
Political / Legal
Porter government affect economic structure
of industry:
Capacity expansion
Demand
Divestment
Emerging industries
Entry barriers
competition
Legal / laws:
General framework
Criminal
Company
Health and Safety
Data protection
Marketing and Sales
Environmental
Tax
Employment protection:
Retirement
Resignation
Dismissal
Wrongful dismissal
Unfair dismissal
Discipline procedures
Redundancy
Equal opportunities
Duties of employee
To take reasonable care
themselves and others
To comply with health
and safety measures
Inform their employers
of any situation which is
a safety risk
Cultural trends:
Health and diet issues e.g.
increase of non smokers
Women at work
Environmentalism
Technological:
Span of control number of subordinates
directly under a supervisor
Tall and flat organisation - number of
management level
Centralisation and decentralisation where is
the authority
Computers and Internet
Outsourcing using external venders
Competitive forces
Porters 5 forces:
Potential threat of entry defensive
(barriers to entry)/offensive (welcome
new competitors)
Bargaining power of suppliers
Bargaining power of customers
Threats of substitute products
Competitive rivalry cost leadership,
product differentiation and market
focus
Macroeconomics
The study of aggregate decisions of all
households and business.
Four main objectives:
Full employment
Price stability
Balance of payment equilibrium
Economic growth
Macroeconomic camps
Monetarist
Money supply
Interest rates
investment
Keynesian
Fiscal policy
Borrowing
Government
expenditure
revenue
Unemployment
People who wants jobs but cant get a job
Rate number of unemployed X 100
divided by total workforce
Reasons why it will have unemployed:
Demand-deficient = supply > demand
Seasonal = time of the year
Frictional = in-between jobs
Structural = skills not in demand
Technological = replaced by computers
Taxation
Regressive more from poor person
Proportional same amount from
everyone
Progressive more from rich person
Direct pay to revenue service
Indirect collected by entity for IRS
Micro-economics
Inputs 5Ms materials; money; men and
women; machines; management.
Organisation Mullins: structure;
management; people; objectives
Consumption utility (pleasure); marginal
utility (pleasure to consume one more)
Outputs goods; services; knowledge;
information; social consequences
Price theory
Demand interacting with supply
Short term = price = AR = MR
Elasticity
Price elasticity of
demand:
% quantity
demanded divided by
% in price
Q X 100 / Q divided
by
P X 100 / P
Income elasticity of
demand:
% quantity demand
divided by
% in income
If > 1 = income elastic =
luxury
If < 1 > 0 = income
inelastic = necessary
If < 0 = inferior