VCE Business Management Question Thread!

[Only Cheating Yourself]

how do suppliers put pressure and demands on LSO's?

[Only Cheating Yourself]

Is competition and competitors the same thing?

[2014year12]

Why is percentage of market share a good performance indicator?
In relation to LSOs (specifically for Ford!)
Thanks in advance!!

[Blues Fan]

Market share is the percentage of what the organisation holds in a given market for the product or service. Market share is a good indicator for organisations to use as it allows them to see their performance compared to their competitors.

E.g. Coles has a lower market share in the food sector compared to Safeway. This shows that Safeway is doing much better, this could be better customer service hence customers are coming back to Safeway to purchase more goods.

I suppose you could relate this to Ford by saying that Ford is now having a lower market share compared to other car brands. This could be due to customers knowing that the company is now shutting down.

[Only Cheating Yourself]

Is a multinational corporation unique?

[aiminghigh123]

Hey:)
Can somebody please tell me if we need to know about:
-The SMART principles
-TEAM
-takeover,merger,joint verture etc.
-hierachy of objectives

I've looked at many other fellow ANs notes, and most don't seem to have or have very little info
Thanks in advance.

[Only Cheating Yourself]

With note taking, my note are fairly long and not in dot points, is this okay?  However there in my own words.

[Einstein]

my notes are in excess of 7800 words just for the first AOS1, if you understand it, it shouldn't be too much of a problem, although concise is better, of which i didn't do

[Only Cheating Yourself]

for the macro environment is political influences the government?

[Einstein]

does anybody know any acronyms for Environmental factors (internal, operating, macro) and any on contributions to economy?

[Only Cheating Yourself]

is the operating environment relating to the outside stakeholders?

[Einstein]

no, they are completely different. Operating factors refers to the factors which interact directly with the organisation, which can influence change, over which management has some to little control.

Stakeholders however, are individuals or groups that have a vested interest in the activities and performance of an organisation.

[TimewaveZero]

On what two organisational levels can culture be analysed?

I can't find anything on this in my textbook (Key Concepts) nor online (I'm probably not searching for the right thing)... I'm quite confused as to what the "organisational levels" refers to?

[Only Cheating Yourself]

y aren't competitors stakeholders?

[Einstein]

They are directly affected by the businesses actions, but rather indirectly through sales