MBC
What Maori concept relates to sustainability and protecting the environment
Kaitiakitanga
Any person or group with a direct interest in the performance and activities of a business
Stakeholder
Market Share/Maximizing market share
A supplier cares about the success of the businesses they work with because...
If they fail they will potentially lose payment
What is one reason the owner of a restaurant and an employee might be in conflict
owner wants to maximize profit
worker wants to have secure pay, reasonable hours, safe work conditions etc
What Maori concept relates to reason for being/purpose of an organization?
Pūtake
A stakeholder that owns a small part of the company
shareholder
This is the business objective relating to trying to maximize the difference between costs and revenue
profit maximizing
lenders care about the success of the business they lend to because...
Why might the customer and the owner of nike be in conflict?
Nike wants to sell their shoes to make profit and the customer wants to purchase the shoes at the lowest available price.
Name a Maori owned business that we have researched so far in the course.
Any of:
Kono
Moana New Zealand
Miraka
Whale Watch (New Zealand)
Te Wānanga O Raukawa
An external stakeholder that earns the taxes that the company pays
The government
Survival
The government wants businesses to succeed because they...
Earn the tax dollars as government revenue
(or they want the area to develop, standard of living increase etc)
Why might the owner of a vape company and the government be in conflict
Owner --> max profit
gov --> promote health (reduce healthcare spending)
Values, rules, priorities, and ways of doing business
Tikanga
An internal stakeholder that provides labour for the business
workers/employees
The objective to develop and increase the company's production and sales
Growth
The workers at cotton on would be negatively impacted if the business failed because...
They would lose their jobs
You run a business and your employee keeps showing up late. Why might this cause a conflict?
Showing up late could make the business less productive and cause tension between this worker and the employees that show up on time. (or any other reasonable answer)
The positioning/anchor of the business
Tūranga
Identify 3 stakeholders related to countdown
Workers
customers
suppliers etc
Profit satisficing
The owners of an iphone case making company are stakeholders in the iphone market because...
The success of their business relies on the existence of iphones
A factory decides to increase production by not wasting time doing hourly safety checks.
How would the perspectives of the owner vs the workers differ?
Owner might be interested in the increased profits.
Workers might not want to get crushed in factory equipment etc