Managing in and beyond Corporations (5 Different Industries (Primary…
Managing in and beyond Corporations
no legally required setting up procedures
many legal constraints(dis)
Shares owned by private individuals
Not available to public
Can only be directly purchased from the existing shareholders
Anyone can purchase shares through a stock exchange
Access to greater capital
Limited funding source due to the weak asset base
Investors do not earn 100% of profits
Socially Responsible of Management in Organisations
the difficult task:how their organisation ‘fits’ with its environment
act for profit-maximisation
look after employee interests, environmental/ecological sustainability
Society developed the rule: how business should be transacted and how organisations should be managed
external environment, stakeholders
definition: A person, group or organization that has interest or concern in an organization.
Stakeholders can affect or be affected by the organization's actions, objectives and policy
An external environment is composed of all the outside factors or influences that impact the operation of business.
5 Different Industries
Changing natural resources into primary products
Agriculture, aquaculture, forestry, mining etc.
Changes raw materials into a commodity and creates useful products
Provides a service (does not produce a good)
transportation, Hairdressing etc.
Fields relating to knowledge
Requires highly speccialised knowledge
Surgeons, Dentist etc.
Business Growth Cycle
Definition: 'the progression of a business and its phases over time'
<-- The Business Growth Cycle is most commonly divided into 5 stages
Commonly measured against Revenue/Sales vs. Time