Few BM questions.

[le93]

Few questions I need help on;

Establish four factors that would assist an organisation to achieve its corporate objects.

Describe why it is important for management to respond to internal pressures exerted on an organisation.

Describe what that force/pressure covers in general terms. (it is referring to previous question which asks, Identify one environmental force from each level (macro,operating and internal) for a chosen organisation).

Why is it necessary for organisations to use both financial and non-financial performance indicators.

They are all questions from the 2nd Edition Cambridge Essential VCE Business Management book Chapters 1,2 and 3.
I have trouble answering the question accurately and straight to the point. If anyone knows where I can get solutions for this book, could you please post it up.

Thanks

[ben_ess12]

ask your teacher...
they should  have a teacher copy which includes answers..
.
if not, i can possibly answer them tonight for you, AOS 1 SAC i got 29/30 so i can help if need be

[ben_ess12]

Few questions I need help on;

Establish four factors that would assist an organisation to achieve its corporate objects.

Describe why it is important for management to respond to internal pressures exerted on an organisation.

Describe what that force/pressure covers in general terms. (it is referring to previous question which asks, Identify one environmental force from each level (macro,operating and internal) for a chosen organisation).

Why is it necessary for organisations to use both financial and non-financial performance indicators.

They are all questions from the 2nd Edition Cambridge Essential VCE Business Management book Chapters 1,2 and 3.
I have trouble answering the question accurately and straight to the point. If anyone knows where I can get solutions for this book, could you please post it up.

Thanks

1...i am confused by that question as i never used that book, howver i would assume something like efficiency, producitivity, effectiveness maybe economies of scale. Or maybe the mission statement, clear defined strategies... i think we neeed burbs or someone here....

2. I would say it is important to respond because it is the one environemnt the organisation has most control over so they should control what they can..maybe something along those lines?

3. Sorry cant help there

4. i would say because of the triple bottom line. Organisations arent only focusing on profit, but also social responsibility and the environment. So by mainly focusing on profit KPIs they are neglecting two key elements...
IM hoping burbs or luke sees this so they can help..

with your question answering issues, i would look at the GUIDES above all helpful or even post on here ways to answer questions and see what you get..
hope some of the helps

[chelseaFC]

^^
with you answer to question three, using the tripple bottom line is excellent but you MUST discuss non-financial indicators such as customer and employee satisfaction.

These questions are quite difficult and indirect, I wouldn't worry about some of these, especially question one which could not be more broad. 

[Hellhole]

Establish four factors that would assist an organisation to achieve its corporate objects.

Describe why it is important for management to respond to internal pressures exerted on an organisation.

Describe what that force/pressure covers in general terms. (it is referring to previous question which asks, Identify one environmental force from each level (macro,operating and internal) for a chosen organisation).

Why is it necessary for organisations to use both financial and non-financial performance indicators.

It's been a while since I've done Business Management, but I'll give it my best shot.

1. Factors? I'm not quite sure what you mean by that. Factors could be the current financial market, an increase in general productivity and greater efficiency. It could be adopting certain management styles to achieve an outcome. However, factors to me implies there are certain aspects that could affect a business in achieving corporate objectives - these aspects, like ben_ess12 stated, could be a bunch of things that're taken from all derivatives of business.

2. Responding to internal pressures results in greater productivity and and more efficiency - simple as that. Internal pressures include employees, and taking care of your employees results in greater job satisfaction.

3. This question is worded horribly. :|

4. Financial and non-financial indicators help to discover areas of concern that need to be addressed. Financial indicators help to address areas which involve the inflow, outflow and debts incurred and revenue raised - it could also be greater areas of concern and interest, such as overall debt, capital gain (as well as shareholder interest) and how effective the business is using its assets. Non-financial indicators show how the business is running, how satisfied a customer and employee is (rather, how they ALL feel), etc. These indicators can assist in making further conclusions about the operation of the business - for example, the amount of sales per period when compared to the previous period can show how satisfied a customer may be with the business' product or service in that with more sales means that there is a higher demand for the product or service.