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What's the Big Picture?
A large business refers to any business operating in New Zealand with more than twenty employees or with a regional or national significance.
A large business refers to any business operating in New Zealand with more than twenty employees or with a regional or national significance.
- Brainstorm what is a large business. Examples such as Gallagher, Waikato Milking Systems, Fonterra, Heinz Watties etc.
- Why is an understanding of external factors important when running a large business?
- What are the consequences of these operational decisions that respond to external factors?
External Factors
External factors refer to those outside of the business’s control that can affect its formation, functions, people, management and environment. STEEPLE analysis
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Key Concepts
Maori Concepts
Please Read : https://seniorsecondary.tki.org.nz/Social-sciences/Business-studies/Maori-business/Culture-and-values
Maori Concepts
- Pūtake, tūranga, tikanga, kaitiakitanga, and rangatiratanga.
- Pūtake: The origin or reason for being – every business has a reason for being.
Please Read : https://seniorsecondary.tki.org.nz/Social-sciences/Business-studies/Maori-business/Culture-and-values
Trade Unions
Trade unions – promote and look after the interests of its members.
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Employer Associations
- Employer organisations
- What are their aims?
- What benefits for the employees to belong?
- Examples of employer organisations are Business Roundtable, Business New Zealand, New Zealand Manufacturers’ and Exporters’ Association, New Zealand Forest Owners’ Association (FOA), New Zealand Farm Forestry Association, New Zealand Business Council for Sustainable Development (NZBCSD), and Sustainable Business Network.
- Compare the differences between a trade union and an employer organisation.
- Do worksheet on Employer Associations.
- Complete NCEA Business Studies w/b pg. 81-85.
Political, economic, social and technological influences.
PEST analysis – identifies threats and opportunities for a business.
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Political Factors
Governments have a major influence on the business environment, both directly through laws and Acts such as Employment Relations Act 2000; company taxation (excise tax/duty), incentives and subsidies and indirectly through expenditure, Free Trade Agreements, Health and Safety laws.
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Economic Sustainabilty
Refers to the ability of a business to be able to continue into the long-term future given its impact upon finite resources. Using resources in an efficient and responsibly manner, so that the business continues to function over a number of years and returns a profit.
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Social and Cultural Influences.
These relate to the attitudes and behaviours of people within our society, which influence the purchase decisions they make.
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Technological Influences/ hangarau.
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Ethical expectations and issues
Ethics are the moral principles that should underpin decision making.
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Legal influences
Legislation (the law) defines what can and cannot be done. Laws are set by government and enforced by the police. Some industries have organisations that set and enforce codes or standards. E.g.
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Enterprise culture / whakawhiti whakaaro in New Zealand.
This means an environment that encourages initiative, risk taking or creativity which leads to greater output / production / wealth / competitive edge / motivation.
Daiken Industries
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