Term
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Definition
| Is two or more people working together to achieve an objective |
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Term
| Large Scale Organisation (LSO) |
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Definition
| Employs 200 or more people, earns revenue in the millions, or has assets of more than $200 million. |
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Term
| Multinational Corporation |
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Definition
| Is owned and based in one country and operates in many countries throughout the world |
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Term
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Definition
| Are the different divisions of key areas of work within an organisation |
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Term
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Definition
| Is owned by shareholders and aims to make a profit. |
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Term
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Definition
| Is any person who owns shares in a company. |
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Term
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Definition
| Is not listed on the ASX and is owned by a maximum of 50 shareholders who are private individuals. |
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Term
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Definition
| Is listed on the ASX and is owned by the public who can buy or sell a potentially unlimited number of shares in the company. |
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Term
| Government Business Enterprise |
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Definition
| Is government owned and operated |
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Term
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Definition
| Division of the government whose sole purpose is to fulfil the objectives of the government. |
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Term
| Not for profit organisations |
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Definition
| Private sector organisations such as charities, whose ultimate objective is to improve social problems to benefit the community. |
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Term
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Definition
| States what the organisation aspires to become. |
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Term
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Definition
| Expresses why an organisation exists, its purpose and how it will operate. |
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Term
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Definition
| Is a desired goal, outcome or specific result that an organisation intends to achieve. |
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Term
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Definition
| Are the actions that an organisation takes to achieve specific objectives |
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Term
| Gross Domestic Product (GDP) |
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Definition
| Is the total value of all goods and services produced in a country in a year |
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Term
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Definition
| Is a record of a country’s trade and financial transactions with the rest of the world. |
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Term
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Definition
| Refers to activities undertaken to improve existing products (innovation) or create new products (invention) |
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Term
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Definition
| Refers to highways, railways, airports, communications systems, education and health facilities, water, gas and electricity supplies |
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Term
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Definition
| Refers to the restructuring of organisations, resulting in a reduction in staff numbers, aimed at improving efficiency. |
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Term
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Definition
| Is the transferral of non-core business activities to an external organisation. |
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Term
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Definition
| Factors within the organisation that the organisation has some degree of control over. |
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Term
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Definition
| Factors outside the organisation that the organisation has little control over. |
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Term
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Definition
| Outside factors which the organisation directly interacts with when conducting business. |
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Term
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Definition
| Those broader factors in the economy and society in which the organisation operates. |
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Term
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Definition
| Are specific criteria used to measure the efficiency and effectiveness of the organisation’s performance. |
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Term
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Definition
| Refers to how well the organisation uses its resources to achieve its objectives |
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Term
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Definition
| Is the degree to which an organisation has achieved its stated objectives |
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Term
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Definition
| Measures the earning performance of an organisation and indicates its capacity to its resources to maximise profits. |
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Term
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Definition
| Is the number (or volume) of units of a particular product sold in a given period of time |
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Term
| Percentage of market share |
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Definition
| The proportion of total market sales controlled by the company expressed as a percentage. |
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Term
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Definition
| Is a measures of efficiency - the amount of output produced with a given number of inputs (resources such as e.g. Money, time , labour) |
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Term
| Rate of productivity growth |
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Definition
| Measures the change in productivity in one year compared to the previous year. |
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Term
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Definition
| States measures how satisfied customers are with the organisations performance |
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Term
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Definition
| Measures how satisfied staff are with the organisation. |
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Term
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Definition
| Measures the number of employees who are leaving the organisation. |
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Term
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Definition
| Is a measure of customer satisfaction with the products and level of service of an organisation. |
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Term
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Definition
| Measures the amount of waste created by the production process |
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Term
| Number of workplace accidents |
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Definition
| Is a measurement of safety in the workplace |
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Term
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Definition
| Measuring organisation’s performance against that of the industry leader, that is well known for its excellence. |
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Term
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Definition
| Are individuals or groups who have a vested interest in the performance, activities and operations of the organisation. |
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Term
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Definition
| Refers to the day to day work and decision making of people in an organisation, being carried out in a morally acceptable way. |
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Term
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Definition
| Refers to the process of abiding by moral standards and doing the ‘right thing’ in the interests of all stakeholders. |
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Term
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Definition
| Is a refers to an organisations commitment to the community and environment, beyond what is required by law. |
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Term
| Ethical and Socially Responsible Management (ESRM) |
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Definition
| Process of abiding by the developed organisational moral standards and acting in a way that is deemed acceptable to the interests of society as a whole. |
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Term
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Definition
| Refers to the economic, social and environmental performance of an organisation |
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