1. THE CONTEXT OF LSOs Flashcards
(5 cards)
1
Q
- The Context of LSOs Itro?
A
- Large business organizations are unique and very powerful in the modern world.
o Many large corporations have more power than governments in shaping the world of the future. - Large organisations are well suited to the globalisation of markets that has resulted from advances in technology and communications.
o They are big enough to organise and compete in global markets. - Today’s business world is characterised by ‘Globalisation, the knowledge economy, technology, e-business, sustainability and accountability.’
o How organisations respond to these challenges and opportunities will determine whether they succeed. - Trade-offs between business growth/profit on one hand, and recourse usage that ignores its impact on the community on the other, are being questioned by the community.
2
Q
- Organisations??
Corperate Management??
A
• Organisation- is a social and economic system in which tasks are performed to fulfil a stated purpose. An organisation is considered large if it has over 200 employees.
• Organisations have in common:
Have a distinct purpose, which is generally expressed as a goal or set of goals that the organisation wishes to accomplish.
They compromise two or more people (people/human resources).
They have a deliberate form of structure –
3
Q
- Corperate Management??
A
• Cooperate / Executive Management focuses on large scale businesses or organisations. It looks at the management of an organisations entire structure and operations management.
4
Q
- Globalisation??
A
- Globalisation
Definition: a process where an increases proportion of economic, social and cultural activity is carried out across national boundaries. This process has significant economic, business and social implications.
5
Q
- Major Challenges?
A
- Major Challenge Businesses Face
Have to adapt to rapid change
Have to satisfy stakeholders
Act in a ethically responsible manner
