ACCA F1 Julia Yu 1. Organization: Social Arrangement, Collective Goals, Control, Performance, Boundary 2. Synergy: 3. Profit – Non-profit Private – Public 4. Limited Company: Separate legal personality from its owners/shareholders; Ownership and control are legally separate; Types: private limited companies— public limited companies 5. NGO Co-operatives – Associations 6. Stakeholder: individuals/groups, Interest Internal: Managers & Employees Primary Connected: Shareholders, Bankers, Suppliers, Customers Secondary External: Government, Interest/Pressure Groups, Professional bodies 7. Mendelow Matrix Analysis 8. Macro-Environment PEST: Political-legal, Economic, Social-cultural, Technological 9. SWOT Internal appraisal: Strengths & Weakness External appraisal: Opportunities & Threats 10. Value Chain (Porter) Value activities Primary activities: Inbound logistics; Operations; Outbound logistics, Marketing & Sales; Service Support activities: Firm infrastructure; HR; Procurement; Technology Development Linkage 11. Competitive advantage- Porter’s five forces model The threat of new entrants (& barriers to entry to keep them out) The threat from substitute products The bargaining power of customers The bargaining power of suppliers The rivalry amongst current competitors in the industry 12. Business Cycle: Recession Depression Recovery Boom 13. Cause of Unemployment Real wage unemployment: trade union, minimum wage rate Frictional: difficulty in matching quickly; temporary Seasonal: certain industries, e.g.: building, tourism and farming Structural: long-term, an industry Low Interest High Interest Low Power Minimal Effort Keep Informed Community representatives Charities High Power Keep Satisfied La...
