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Blue Berry Jam is a publicly listed company located 90 kilometres from Melbourne - VCE - SSCE Business Management - Question 2 - 2005 - Paper 1
Question 2
Blue Berry Jam is a publicly listed company located 90 kilometres from Melbourne. It relies on fresh farm produce to supply its fruit and employs people from the loc... show full transcript
Worked Solution & Example Answer:Blue Berry Jam is a publicly listed company located 90 kilometres from Melbourne - VCE - SSCE Business Management - Question 2 - 2005 - Paper 1
Step 1
Distinguish between shareholders and stakeholders.
Answer
Shareholders are those who own part of the business through the purchasing of shares, whereas stakeholders are those who have an interest in the organisation. This interest can come from employees, suppliers, customers, and the local community. In essence, shareholders focus on financial gain, while stakeholders encompass a broader range of interests and concerns.
Step 2
Explain the term macro environment and describe two pressures affecting large-scale organisations.
Answer
The macro environment refers to the external elements that impact an organisation, which it cannot control. These elements include economic conditions, social trends, political factors, technological changes, and environmental issues.
Two pressures affecting large-scale organisations can include:
- Technological Changes: Rapid advancements in technology can necessitate significant investments in new equipment, and failure to adapt may lead to competitive disadvantages.
- Political and Legal Factors: Changes in government policies, regulations, or political stability can directly impact operations, affecting everything from tax obligations to compliance with environmental regulations.