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Blue Berry Jam is a publicly listed company located 90 kilometres from Melbourne - VCE - SSCE Business Management - Question 2 - 2005 - Paper 1
Question 2
Blue Berry Jam is a publicly listed company located 90 kilometres from Melbourne. It relies on fresh farm produce to supply its fruit and employs people from the loc... show full transcript
Worked Solution & Example Answer:Blue Berry Jam is a publicly listed company located 90 kilometres from Melbourne - VCE - SSCE Business Management - Question 2 - 2005 - Paper 1
Step 1
Distinguish between shareholders and stakeholders.
Answer
Shareholders are those who own part of the business through the purchase of shares, whereas stakeholders are individuals or groups who have an interest in the organization. For instance, shareholders in Blue Berry Jam would include members of the public who have purchased shares, while stakeholders might consist of employees, suppliers, customers, and the local community.
Step 2
Explain the term macro environment and describe two pressures affecting large-scale organisations.
Answer
The macro environment refers to the external factors that influence an organization but are beyond its control. These include economic, social, political, technological, and environmental factors.
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Technological Pressure: Advances in technology can require large-scale organizations like Blue Berry Jam to adapt their production processes to remain competitive.
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Regulatory Pressure: Changes in legal or political structures, such as stricter environmental regulations, can impact operational decisions and increase costs for companies like Blue Berry Jam.