Business Management. Chapter 1.7-1.10 Cameron Stow. Large Scale Organisations in Context. Listed on the Australian Stock Exchange (ASX) – highly likely > 200 people employed Multiple locations for operations, headquarters and possibly overseas based.
Types of Stakeholders in LSO’s.
Organisational performance can be measure based on two key areas these being:
Ethical and Socially Responsible Management relates to the moral standards and consideration for the broader community by large-scale organisations through their activities and actions. While all modern large-scale organisations are increasingly confronted with this issue, it has been of particular relevance to the Iluka company particularly in relation to road damage caused by trucks.
In 2008, Iluka commissioned an Environment Effects Statement. This statement states that, “the additional traffic generated by each of the mines is estimated at around 200 trips per day (two-way) of which 40% are trips by haul trucks”.
What impact did these trucks have on the broader communities around the Wimmera/Mallee region?
How well was this impact communicated to the communities prior to the increasing the number of trucks on the highways?
You SAC question will expect that you can explain the ESM concept, provide an overview of a business with an ESM issue and be able to discuss the issue and its relevance to stakeholders.
How to answer this question…
Explain what an ESM is.
Iluka – describe the company. You will find information on their website.
Discuss the issue and relate it to the stake holders in the company.
This SAC should have no surprises.
Check points for success…
YOU MUST KNOW THE KEY KNOWLEDGE
You must be able to demonstrate the key skills…
The following key skills are the focus of this task:
• accurately use relevant management terms;
• analyse business information and data;
• analyse the context in which large-scale organisations operate;
• apply knowledge and concepts to practical and/or simulated situations.