Introduction to Large Scale Organizations

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UNITS 3 AND 4 BUSINESS MANAGEMENT SUMMARY

UNIT 3
AOS1 – LARGE SCALE ORGANISATIONS IN CONTEXT
LARGE SCALE ORANGISATIONS
-An organisation is an entity enabling groups of people to work in a planned and coordinate way to achieve a common goal or objective Classifying LSO 's *Number of employee 's exceeds 200 (according to the ABS) *Revenue (gross income) is in the millions of dollars *Total assets or market capitalisation (no. of shares x share value) is over $200 million *Profit after tax is still in the millions *Extent of operations (multinational or transnational) *Management structure (there must be a clear distinction between the owners and managers)

Types of LSO 's -Can hail from either the public or private sector -The
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A strategy is simply a course of action aimed at achieving organisational objectives Function-based Organisation structure General Manager (Executive) Operations HR Accounting Marketing

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