Management and Business Essay - 5260 Words

1st of February 2013 Business organization and management Business size Small business: e.g. Independent service-station, restaurant Medium business: e.g. coffee club, nando’s Large business: Maccas, red rooster, kfc Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale. Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations: a) Coles (big organization, buys in bulk) b) Costco c) Maccas 4th of February 2013 Business organization and management Public vs. Private sector Public sector is a government owned business, and a private sector is a privately owned business.†¦show more content†¦Large organizations provide employment and training; supply goods and services that might otherwise be difficult to obtain; and are often part of the community life.International Community:The international community is increasingly seen as a stakeholder in business activities and the ocial responsibility of large organisations. It has a stake in large organisations behaving as good ‘global corporate citizens’ and will, when necessary, express concerns about questionably transnational corporation activities including those related to product pricing, climate change, natural resource use (sustainability) and employment practices.There is a great degree of interdependence between these stakeholders in large businesses – they rely on one another in many ways. However, there is also potential for tension and conflict arising from their differ ent interests and perspectives. For example, in the case of pay levels, there is often tension between owners or managers against employees or unions. Despite both groups having a stake in organizational performance and profitability, industrial conflict can occur over how the fruits of business success are divided. Conflict can also exist betweenShow MoreRelatedBusiness Process Management2447 Words   |  10 Pagesbeen compiled by MAK Consultants to tackle the key areas of concern found within Dynatrix Pty Ltd and proposes potential solutions to the organisation. The key areas of review for this assessment include: †¢ Strategic and Tactical Planning †¢ Business Process flow and procedures This document summarizes the methodologies employed to complete the review and presents our findings and recommendations. Throughout this document we utilize terms such as will, should consider, and shall, for exampleRead MoreBusiness Process Management (Bpm)2639 Words   |  11 PagesQCHP Lecture: Business Process Management (BPM) Business Process Management (BPM) is a management approach focused on aligning all aspects of an organization with the wants and needs of clients. It is a holistic management approach that promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. Business process management attempts to improve processes continuously. It could therefore be described as a process optimization processRead MoreBusiness Process Management Strategy2635 Words   |  11 Pagesdeclining sales and reduced profits since 2008. Methodology Research for this report is based on current literature about business process management and relevant companies, transcript of the management meeting, financial statements, and other miscellaneous information supplied by Omnicrons’ CEO. Findings The major findings indicate the lack of a streamlined computer-based business system, coordination amongst departments’ managers and employees, IT facilities and equipment. These cause a range ofRead MoreBusiness Performance Management Assessment Tools1160 Words   |  5 PagesBusiness performance management is a set of management and analytic processes that enable the management of an organisation s performance to achieve one or more pre-selected goals. Synonyms for business performance management include corporate performance management and enterprise performance management.[1][2] Business performance management is contained within approaches to business process management.[3] Business performance management has three main activities: 1. selection of goalsRead MoreBusiness Process Management : Marketing Process1521 Words   |  7 PagesBUSINESS PROCESS MANAGEMENT –APPROACH CHALLANGES INTRODUCTION Business process improvement initiatives prove to be some of the toughest projects for project managers. 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First ERP Failure (Hershey): There are many organizations which were successful in the implementation of ERP’s but there are alsoRead MoreComparative Analysis of Business Analysis and Business Process Management Capabilities6455 Words   |  26 PagesA COMPARATIVE ANALYSIS OF BUSINESS ANALYSIS (BA) AND BUSINESS PROCESS MANAGEMENT (BPM) CAPABILITIES Paul Mathiesen, Faculty of Science and Technology, Queensland University of Technology, Brisbane, Australia, p.mathiesen@connect.qut.edu.au Wasana Bandara, Faculty of Science and Technology, Queensland University of Technology, Brisbane, Australia, w.bandara@qut.edu.au Houra Delavari, Faculty of Science and Technology, Queensland University of Technology, Brisbane, Australia, h.delavari@qutRead MoreDetermining The Efficient Tool For Business Process Management1536 Words   |  7 PagesTool for Business Process Management in Organizations Using Analytical Hierarchical Process Sravani Vadali Engineering Management University of Houston – Clear Lakeâ€Æ' Introduction to Business Process Management Business process management (BPM) is a management approach to make an enterprise’s activities and tasks to be more accurate, more competent and more efficient in adapting to the ever-changing needs of business. BPM is a far-reaching merging of Business Process Reengineering, Business ProcessRead MoreThe Importance of Implementing Business Management Process within a Company2127 Words   |  9 PagesEXECUTIVE SUMMARY The objective of this report is to explain Mr. John Doe about the importance of implementing Business Management Process (BPM) in his company Platinum concepts Pty ltd. This report provides the details about the current business process by using a simple AS IS diagram. Furthermore, it analyses the problems which the company is facing in present stage. The major findings resulted that most of the work are done manually and there is no use of automation machines or electronicsRead MoreCase Study Of Wells Fargo s Business Process Management974 Words   |  4 PagesInformation technology in the use of business processes is very extensive in the world .the current market mechanism has become increasingly international so the competition among business is becoming more and more fiercely. An effective and useful business process must be created by using different types of IT(information technology) to cope with challenge in the market for a business .The first part of this article illustra te the definition of the business process to explain how IT can enhance