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Business Management

Business Management . Unit 3 Corporate Mangement. Unit 3 Corporate Management . 3 Outcomes Large-Scale Organisations in Australia One SAC (20 Marks) Internal Environment of a Large-Scale Organisation Two SACs ( 20 Marks each) The Operations Management Function Two SACs ( 20 Marks each ).

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Business Management

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  1. Business Management

    Unit 3 Corporate Mangement
  2. Unit 3 Corporate Management 3 Outcomes Large-Scale Organisations in Australia One SAC (20 Marks) Internal Environment of a Large-Scale Organisation Two SACs ( 20 Marks each) The Operations Management Function Two SACs ( 20 Marks each)
  3. Unit 4 Corporate Management 2 Outcomes Human Resource Management Three SACs (20 marks each, 60 total) Change in Management One SAC (40 marks) Exam – 50% of score
  4. Class Guidelines VCAA Rules apply Keep up with the work Ask Questions – I like questions Activities due on or before due date Activities will be typed and emailed to mdd@wantirnacollege.vic.edu.au Assessment for activity will be a S or N You must complete the ‘Test Yourself’ activity and keep a Glossary Define/Example Three rules

  5. Outcome 1.1 Large-Scale Organisations in Context

  6. Outcome 1Large-Scale Organisations (LSO) in Australia LSOs are powerful They determine: What we will eat, drink and wear Where we live What work we will do What knowledge and education will be valued Decisions governments will make Need to be able to compete in a global market (globalisation)
  7. What does your Organisation Do? A business needs to develop a reason for being Have a vision for the future And have a clear idea on how it will accomplish what it sets out to do It does this by; Mission and Vision Statements Goals, Objectives and Strategies
  8. A Mission Statement A statement of the purpose of an organisation; its reason for being. It will include: Aims Primary Stakeholders How the organisation provides value 3 Essential Components Key Market – your target Contribution – what do you provide Distinction – what makes you unique
  9. Mission StatementsExample "To provide the fast food customer food prepared in the same high-quality manner world-wide that is tasty, reasonably-priced & delivered consistently in a low-key décor and friendly atmosphere.” Who is it? What's the key market? Contribution? Distinction?
  10. Vision Statements Outlines where the organisation wants to be Can contain: A long term view Concentrates on the future Can be emotive Can be inspirational May be part of the of the Mission Statement Can also include the organisation’s beliefs
  11. Vision StatementExample Our Vision Our vision serves as the framework for our Roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth. People: Be a great place to work where people are inspired to be the best they can be. Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy people's desires and needs. Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring value. Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities. Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities. Productivity: Be a highly effective, lean and fast-moving organization.
  12. Goals and Objectives Objectives A statement on how to achieve your mission SMART Specific Measureable Attainable Realistic Time Targeted The three essentials A Doing Word Increase, expand, develop….. What you want to do and by how much Increase sales by 10% A time frame Increase sales by 10% by 30 June 2013
  13. Strategies Strategies are a plan of action designed to achieve a specific goal Strategy is all about gaining (or being prepared to gain) a position of advantage over the competition Our Objective: Increase sales by 10% by 30 June 2013 What are some strategies?
  14. Three Types of Organisations Corporations or Companies BHP Billiton, Westfarmers, LINFOX, Australia Post Operating funds come from revenue Government Departments Victoria Police, Department of Foreign Affairs and Trade, CentreLink, Department of Education Operating funds come from government budget Charities and Foundations CARE, Red Cross, World Vision, Starlight Foundation Operating funds come from donations
  15. Corporations/Companies Make or provide Goodsand/or Services Goal is to make a profit or add to their assets Public Companies Listed on the Share Market Numerous Shareholders Reporting Requirements Private Companies Up to 50 shareholder No reporting requirements Government Business Enterprise (GBE) Government is the shareholder Former government department
  16. Corporations/CompaniesExamples Public Companies Westfarmers, Woolworths, BHP Billiton, The Reject Shop Private Companies LINFOX, Rip Curl Government Business Enterprise (GBE) Australia Post, VICRoads, South East Water
  17. Public-Private Partnership (PPP) Government and companies joining forces on large infrastructure projects i.e., roads, rail systems Examples Eastlink Citylink Southern Cross Station
  18. Challenges LSOs are Complex Organisations Levels of management Diverse products Globalisation The human factor The big concern for management PRODUCTIVITY More output from less inputs
  19. Productivity and the Kit Kat
  20. How did Kit Kat become more productive?
  21. How did Kit Kat become more productive? They cut two corners off and changed the bar placement
  22. Functions of an LSO Strategic Planning Decision Making Where good and/or service is made or performed Looks after staff issues Recruiting Training Planning Pay Sales Advertising Branding Market Research Money Issues Taxation Accounting New Products Research
  23. What is Large? ‘Large’ is determined by three factors Number of Employees 200 + (according to Aust. Bureau of Statistics) Revenue Gross Income (before you pay your costs) Assets Value of what the organisation owns For Public Companies – the value on the share market
  24. Australia’s Largest Companies
  25. Transnational Corporations Transnational/Multination Owned and based in one country and have branches or subsidiaries in others Headquarters: The Hague, Netherlands Headquarters: Melbourne, Vic Headquarters: Oak Brook, Ill. USA
  26. Outcome 1.1 Task Task 1: Complete Activity 1.1b on page 10 Task 2: Activity 1.1d on page 11. Task 3: Complete Activity 1.1e on page 12 All tasks are to be typed and submitted by email on or before the due date
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