11COM

MBC

100

What Maori concept relates to sustainability and protecting the environment 

Kaitiakitanga

200

What Maori concept relates to reason for being/purpose of an organization?

Pūtake

300

Name a Maori owned business that we have researched so far in the course.

Any of:

1. Kono 

2. Moana New Zealand 

3. Miraka

4. Whale Watch (New Zealand) 

5. Te Wānanga O Raukawa

400

Values, rules, priorities, and ways of doing business

Tikanga

500

The positioning/anchor of the business

Tūranga

Stakeholders

100

Any person or group with a direct interest in the performance and activities of a business

Stakeholder

200

A stakeholder that owns a small part of the company 

shareholder

300

An external stakeholder that earns the taxes that the company pays 

The government 

400

An internal stakeholder that provides labour for the business 

workers/employees 

500

Identify 3 stakeholders related to countdown

Workers 

customers 

suppliers etc 

Objectives

100

This is the objective of gaining a higher % of the business activity related to a certain product/industry

Market Share/Maximizing market share

200

This is the business objective relating to trying to maximize the difference between costs and revenue 

profit maximizing 

300

The business concept relating to attempting to stay in the market and not fail 

Survival 

400

The objective to develop and increase the company's production and sales 

Growth 

500

The simple objective of trying to make just enough profit to keep the owner comfortable 

Profit satisficing 

Impacts on stakeholders

100

A supplier cares about the success of the businesses they work with because... 

If they fail they will potentially lose payment 

200

lenders care about the success of the business they lend to because...

if the business fails, they won't get their money back! 

300

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) 

400

The workers at cotton on would be negatively impacted if the business failed because...

They would lose their jobs 

500

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 

Conflicts between stakeholders(very hard, probably too hard)

100

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 

200

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. 

300

Why might the owner of a vape company and the government be in conflict 

Owner --> max profit 

gov --> promote health (reduce healthcare spending) 

400

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) 

500

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