1st of February 2013

Business organization and management

Business size

Small business: e.g. Independent service-station, restaurant

Medium business: e.g. coffee club, nando’s

Large business: Maccas, red rooster, kfc

Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale.

Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations:
a) Coles (big organization, buys in bulk)
b) Costco
c) Maccas

4th of February 2013

Business organization and management

Public vs. Private sector

Public sector is a government owned business, and a private sector is a privately owned business.
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* 7th of February 2013 * * Business organization and management * * * Business Goals * * The first business goal is to make a profit. Provide some type of need or desire. Businesses in the modern day wish for their business to change or benefit the world. * * “Goals are communicated in an organizations mission, value and vision.” * * “Managers and employees develop strategies and ensure that the goals and objectives are achieved.” * * * What are our objectives? * * What are our strategies to achieve those objectives? * * What changes are required within the organization to achieve those objectives? * * * (Plan simulation for “Vodafone”) * * Objectives: * -Better network service around Australia * -More client benefits * * Strategies: * -Build more towers * -partner with other stores (5% off all recharge at any Coles and 7-eleven stores) * * Impact: * -Superior network services, more satisfied customers * -More customers are satisfied with the benefits

8th of February 2013

Business organization and management

Goals, Values and Mission

Mission and values:
“A simple and brief statement that outlines the reason the business exists, which is usually accompanied with a list of values”

Vision:
“A vision that a