Organisation
What are the 3 sectors of industry?
Primary - secondary - tertiary
Who owns a private sector organisation?
Private sector organisations, such as a local newsagent or large supermarket chain are owned and controlled by private individuals
Who runs this sector of economy?
The government
What is the main objective for third sector organisations?
Support a cause and improve people's life - help people in need
What does CSR mean?
Corporate Social Responsibility
Which industry sector is an advertising agency part of?
tertiary
Name 8 companies that belong to the private sector
Nike - Starbuck - Mac Donald - Levis - Tesco - Apple - Facebook - Ford - Coca Cola - Nestle - Lego...
How do public organisation raise finance?
Taxation - subsidies -
Who oversees and controls the strategy of a charity? (=who makes the decisions)
Trustees
CSR initiatives fall into 4 categories: what are they?
Philanthropic - ethical - economic - environmental
How do you determine the nationality of an organisation?
It depends on the location of its headquarter. A company headquartered in London is British
How many employees are there in a large company?
250 employees and more
What's the main objective of the public sector?
to deliver accessible, affordable and open to all services that benefit all people in the society.
Give an example of charity
Oxfam - WWF - Save the children - Greenpeace - UNICEF - the Red Cross
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
What are the different types of resources?
Human - financial - technological - immaterial - material
What is the main objective for private companies?
To make profit or to survive
Give an example of a service run by local or national governments?
Education - health - housing - librarie - bin collection and recycling - postal services...
Name 2 different types of organisation that fall into this sector
charities - foundations - social enterprises - community groups (the local rugby club)
Give an example of an action a company can take as part of each CSR category
Environmental: invest in renewable energy sources
Philanthropic: partner with a charity
Ethical: no gender discrimination as regard salary
Economic: invest wisely - maximize profits
Some organisations provide SERVICES: give a definition + an example
Who is the highest ranking executive in a private company (= the leader or boss)? What are their responsibilities (2 minimum)?
A chief executive officer (CEO) is the highest-ranking executive in a company.
A chief executive officer’s primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors and corporate operations.
Give an example of a British public corporation
The BBC - the NHS - the US postal service ...
How does the third sector make money? Name at least 2 financial resources
Through donations, grants, sponsorships, fundraisers...
What are the 3Ps or Triple Bottom Line?
People - planet - profit