Business And Technology at London School Of Business & Finance | Flashcards & Summaries

Lernmaterialien für Business and Technology an der London School of Business & Finance

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Main types of organisation
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  • Business organisation 
  • Not-for-profit  organisation 
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They exist to provide a benefit to the public.
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Not-for-profit organisations 
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How do business organisations differ? (Give 5 out of 8)
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  • Size 
  • No. of organisational levels (tall/flat)
  • Span of control 
  • Centralisation vs. Decentralisation (where power lies/is delegated)
  • Criteria for departmentation (by: geography, product, function)
  • Motive - profit or non-profit making?
  • Ownership
  • Technology 
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An organisation that’s partly or wholly funded from non-government resources.
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Non-government organisation 
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Enumerate the main industries in which organisations operate
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  • Agriculture 
  • Manufacturing 
  • Extractive raw materials 
  • Energy
  • Retailing/distribution 
  • Intellectual production 
  • Service
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Define ‘organisation’ according to Buchanan and Huczynski
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  • a social arrangement 
  • for the controlled performance
  • of collective goals
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It includes companies that manufacture parts as well as those that assemble them into finished products.
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Industrial sector 
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Subdivisions of a commercial private sector industry
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retailers & wholesalers
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The commercial industries who sell goods to the general public 
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TESTE DEIN WISSEN
Retailers
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Define ‘wholesalers’
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TESTE DEIN WISSEN
They are some commercial private sector industries who buy from manufacturers and the later on sell to retailers.
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TESTE DEIN WISSEN
In some cases, the retailers can directly buy from the manufacturer and not from the wholesalers.
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TESTE DEIN WISSEN
False
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TESTE DEIN WISSEN
What are the common features of a business organisation? (Give at least 3 out of 7)
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TESTE DEIN WISSEN
  • Made up by a group of people who work together to achieve set of goals
  • Has its own strategies to achieve the goals or objectives set
  • Has its own vision and mission
  • Has a culture formed by the organisational values
  • Has various structures and its own system and procedures 
  • Has inputs which are then processed to provide an output 
  • Has customers besides other stakeholders 
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  • 21 Karteikarten
  • 4 Studierende
  • 0 Lernmaterialien

Beispielhafte Karteikarten für deinen Business and Technology Kurs an der London School of Business & Finance - von Kommilitonen auf StudySmarter erstellt!

Q:
Main types of organisation
A:
  • Business organisation 
  • Not-for-profit  organisation 
Q:
They exist to provide a benefit to the public.
A:
Not-for-profit organisations 
Q:
How do business organisations differ? (Give 5 out of 8)
A:
  • Size 
  • No. of organisational levels (tall/flat)
  • Span of control 
  • Centralisation vs. Decentralisation (where power lies/is delegated)
  • Criteria for departmentation (by: geography, product, function)
  • Motive - profit or non-profit making?
  • Ownership
  • Technology 
Q:
An organisation that’s partly or wholly funded from non-government resources.
A:
Non-government organisation 
Q:
Enumerate the main industries in which organisations operate
A:
  • Agriculture 
  • Manufacturing 
  • Extractive raw materials 
  • Energy
  • Retailing/distribution 
  • Intellectual production 
  • Service
Mehr Karteikarten anzeigen
Q:
Define ‘organisation’ according to Buchanan and Huczynski
A:
  • a social arrangement 
  • for the controlled performance
  • of collective goals
Q:
It includes companies that manufacture parts as well as those that assemble them into finished products.
A:
Industrial sector 
Q:
Subdivisions of a commercial private sector industry
A:
retailers & wholesalers
Q:
The commercial industries who sell goods to the general public 
A:
Retailers
Q:
Define ‘wholesalers’
A:
They are some commercial private sector industries who buy from manufacturers and the later on sell to retailers.
Q:
In some cases, the retailers can directly buy from the manufacturer and not from the wholesalers.
A:
False
Q:
What are the common features of a business organisation? (Give at least 3 out of 7)
A:
  • Made up by a group of people who work together to achieve set of goals
  • Has its own strategies to achieve the goals or objectives set
  • Has its own vision and mission
  • Has a culture formed by the organisational values
  • Has various structures and its own system and procedures 
  • Has inputs which are then processed to provide an output 
  • Has customers besides other stakeholders 
Business and Technology

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