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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 organization. This includes employees, suppliers, customers, and the local community.
In summary, shareholders typically focus on financial gains from their investments, while stakeholders are concerned with the broader impact the company has on their interests and well-being.
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 organization, which it cannot control. This environment includes political, economic, social, technological, legal, and environmental factors.
Two pressures affecting large-scale organizations include:
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Technological Changes: Organizations must adapt to rapid advancements in technology, which could require significant investment and change in operational processes.
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Legal and Political Pressures: Changes in government regulations or policies can impose new operational constraints and affect the compliance landscape, requiring organizations to adjust their strategies accordingly.