Dismissaldistinguish1. identify thecommoncharacteristics wherethe difference exists 2. explain how thisdifference presents inthe scenario/conceptNumberofworkplaceaccidentsthe numberof peopleinjured atworkto fulfilla socialneedinvolves theproduction and/orselling of goodsand services forthe purpose ofmaking the world abetter placeArbitrationinvolves the disputingparties and an independent3rd party; 3rd party hearsthe arguments of disputingparties; once hearing thearguments the independent3rd party makes a bindingdecision on the outcomeSoletraderowned andoperated byone person;unlimitedliabilityto meetshareholderexpectationsshareholders expect tomake a return on theirinvestment, either throughdividend return or throughcapital growth (increase invalue), and mostshareholders expect thecompany to operate in away which displayscorporate socialresponsibilityManagers- direct the companyon behalf of theowners - paid a wage butalso receiveperformance-basedbonusesLevel ofstaffturnoverthe number of staffwho are leavingthe organisationcompared to thetotal number ofstaff who work inthe organisationInterpersonalTotal qualitymanagementwhole organisationapproach toachieving qualitybased oncontinousimprovement;Suppliersprovide materialsthat will be usedin theorganisationsproductionprocessesComputer-aideddesigncomputer programthat streamlines thecreation andmodification ofproduct design to bemore accurate,flexible, andmanagableCompetitiveAdvantagepoint ofdifference/superiorityover one'scompetitorsAwardslegally bindingminimumrequirements forwages andconditions forspecific industryRealcorporateculturethe shared valuesand behaviours thatare actually practisedby employees andmanagers andexpressed throughinformal rules andhabitsCareeradvancementpreparing employees forpromotion; implemented throughstrategies to provide staff withmorecompetencies/skills/knowledge;includes training, jobenlargement, job enrichment, andjob rotationLaissez-Fairedecentralized decision-making; two-waycommunication; highlevel of autonomousstaff input; managershave little control, andonly monitor progresstowards objectivesPubliclistedcompanyan incorporatedbusiness, whoseshares are freelytraded on theAustralianSecuritiesExchangeKeyperformanceindicatorsspecific criteria usedto measure theefficiency andeffectiveness of theorganisation'sperformance inachieving businessobjectivesEffectivenessthe degree towhich anorganisationhas agreedto/satisfied itsobjectivesManufacturingOrganisations thatproduce outputs thatare tangible; clear operationssystem - they convertinputs into a visibleproduct = a goodMaslow'sHierarchyof Needsphysiological,safety,love/belonging,esteem, self-actualizationStakeholdersgroups andindividuals whointeract with theorganisation andthus have a vestedinterest in itsactivitiesDismissaldistinguish1. identify thecommoncharacteristics wherethe difference exists 2. explain how thisdifference presents inthe scenario/conceptNumberofworkplaceaccidentsthe numberof peopleinjured atworkto fulfilla socialneedinvolves theproduction and/orselling of goodsand services forthe purpose ofmaking the world abetter placeArbitrationinvolves the disputingparties and an independent3rd party; 3rd party hearsthe arguments of disputingparties; once hearing thearguments the independent3rd party makes a bindingdecision on the outcomeSoletraderowned andoperated byone person;unlimitedliabilityto meetshareholderexpectationsshareholders expect tomake a return on theirinvestment, either throughdividend return or throughcapital growth (increase invalue), and mostshareholders expect thecompany to operate in away which displayscorporate socialresponsibilityManagers- direct the companyon behalf of theowners - paid a wage butalso receiveperformance-basedbonusesLevel ofstaffturnoverthe number of staffwho are leavingthe organisationcompared to thetotal number ofstaff who work inthe organisationInterpersonalTotal qualitymanagementwhole organisationapproach toachieving qualitybased oncontinousimprovement;Suppliersprovide materialsthat will be usedin theorganisationsproductionprocessesComputer-aideddesigncomputer programthat streamlines thecreation andmodification ofproduct design to bemore accurate,flexible, andmanagableCompetitiveAdvantagepoint ofdifference/superiorityover one'scompetitorsAwardslegally bindingminimumrequirements forwages andconditions forspecific industryRealcorporateculturethe shared valuesand behaviours thatare actually practisedby employees andmanagers andexpressed throughinformal rules andhabitsCareeradvancementpreparing employees forpromotion; implemented throughstrategies to provide staff withmorecompetencies/skills/knowledge;includes training, jobenlargement, job enrichment, andjob rotationLaissez-Fairedecentralized decision-making; two-waycommunication; highlevel of autonomousstaff input; managershave little control, andonly monitor progresstowards objectivesPubliclistedcompanyan incorporatedbusiness, whoseshares are freelytraded on theAustralianSecuritiesExchangeKeyperformanceindicatorsspecific criteria usedto measure theefficiency andeffectiveness of theorganisation'sperformance inachieving businessobjectivesEffectivenessthe degree towhich anorganisationhas agreedto/satisfied itsobjectivesManufacturingOrganisations thatproduce outputs thatare tangible; clear operationssystem - they convertinputs into a visibleproduct = a goodMaslow'sHierarchyof Needsphysiological,safety,love/belonging,esteem, self-actualizationStakeholdersgroups andindividuals whointeract with theorganisation andthus have a vestedinterest in itsactivities

Business Management BINGO - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
  1. Dismissal
  2. 1. identify the common characteristics where the difference exists 2. explain how this difference presents in the scenario/concept
    distinguish
  3. the number of people injured at work
    Number of workplace accidents
  4. involves the production and/or selling of goods and services for the purpose of making the world a better place
    to fulfill a social need
  5. involves the disputing parties and an independent 3rd party; 3rd party hears the arguments of disputing parties; once hearing the arguments the independent 3rd party makes a binding decision on the outcome
    Arbitration
  6. owned and operated by one person; unlimited liability
    Sole trader
  7. shareholders expect to make a return on their investment, either through dividend return or through capital growth (increase in value), and most shareholders expect the company to operate in a way which displays corporate social responsibility
    to meet shareholder expectations
  8. - direct the company on behalf of the owners - paid a wage but also receive performance-based bonuses
    Managers
  9. the number of staff who are leaving the organisation compared to the total number of staff who work in the organisation
    Level of staff turnover
  10. Interpersonal
  11. whole organisation approach to achieving quality based on continous improvement;
    Total quality management
  12. provide materials that will be used in the organisations production processes
    Suppliers
  13. computer program that streamlines the creation and modification of product design to be more accurate, flexible, and managable
    Computer-aided design
  14. point of difference/superiority over one's competitors
    Competitive Advantage
  15. legally binding minimum requirements for wages and conditions for specific industry
    Awards
  16. the shared values and behaviours that are actually practised by employees and managers and expressed through informal rules and habits
    Real corporate culture
  17. preparing employees for promotion; implemented through strategies to provide staff with more competencies/skills/knowledge; includes training, job enlargement, job enrichment, and job rotation
    Career advancement
  18. decentralized decision-making; two-way communication; high level of autonomous staff input; managers have little control, and only monitor progress towards objectives
    Laissez-Faire
  19. an incorporated business, whose shares are freely traded on the Australian Securities Exchange
    Public listed company
  20. specific criteria used to measure the efficiency and effectiveness of the organisation's performance in achieving business objectives
    Key performance indicators
  21. the degree to which an organisation has agreed to/satisfied its objectives
    Effectiveness
  22. Organisations that produce outputs that are tangible; clear operations system - they convert inputs into a visible product = a good
    Manufacturing
  23. physiological, safety, love/belonging, esteem, self-actualization
    Maslow's Hierarchy of Needs
  24. groups and individuals who interact with the organisation and thus have a vested interest in its activities
    Stakeholders