External Influences
What is an external influence starting with E?
Economy
Prime location =customer convenience + V
Visibility
Name a business that has a positive corporate culture?
Booking,google,Combank
Who is the organisation that monitors fair competition?
ACCC
What does the GFC stand for?
Global Financial Crisis
Name two pf the product influences within a business
Type of product/service and size of business
What hierarchal styles are most common in Australian businesses?
Flat structures
What does the ACCC stand for?
Australian Competition and Consumer Commission
What continent are we close to that can be a positive external factor?
Asia
What is one negative of having a good location?
Costly
What are some of the positives for having a flat structure?
Increased decision making, a sense of worth
What is the law in NSW for product quality assurance?
NSW Fair Trading Act 1974
What is a problem with our demographics that can affect business?
Ageing population
What is an information resource?
market research, data
When there is a strong corporate culture that exists, I............... is created
Innovation
This Act can impose penalties of up to?
$1.1 million
What are the external influences on business?
Economic, financial, social, legal, political, technology,competition, markets,
List the four resource influences
Human resources, information resources, physical resources and financial resources
What is one of the key factors that will allow a manger to be able to create a positive corporate culture?
Communication
What is one legal proceeding that has affected an institution in Australia in the past 6 months?
The Royal Commission into Banking and Finance