YouTube - Business and Technology
19 important questions on YouTube - Business and Technology
What are the two main categories of organizations?
- Commercial (profit-seeking)
- Not for Profit
What characterizes not-for-profit organizations?
- Satisfy member or sector needs
- Set up for benefit
- Include:
- Government departments
- Schools
- Hospitals
- Charities
- Clubs
What is a non-government organization (NGO)?
- Not profit-focused
- Not government-linked
- Often promote social, political, environmental changes
- Examples: Red Cross, Greenpeace
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What is the public sector concerned with?
- Part of economy for government services
- Controlled by government
- Includes:
- Police
- Military
- Public transport
- Primary education
- Healthcare for the poor
What are organisations according to Buchanan and Huczynski?
- Social arrangements for controlled performance
- Achievement of collective goals
What are characteristics of the private sector?
- Run by private individuals/groups
- Includes:
- Businesses
- Charities
- Clubs
What defines organisations by their goals?
- Collective goals define organisations
- Establish direction and purpose
What allows people to work towards a common goal?
- Social arrangements allow teamwork
- Structured for common goal achievement
How do co-operatives operate democratically?
- Each member gets one vote
- Based on the shares owned
- Controlled by members
How is controlled performance ensured?
- Use of systems and procedures
- Achieves group goals effectively
What are the sectors in which organizations operate?
- Agriculture: food production, processing, packaging
- Mining: minerals extraction
- Finance: banks, investing
- Retailers: goods sale
- Service: goods and services
- Transport: goods movement
Why do we need organisations to share skills and knowledge?
- Enables knowledge sharing
- Perform tasks impossible alone
How do individuals benefit from specialisation?
- Concentrate on specific skills
- Increases skill and knowledge level
What resources are pooled in organisations?
- Money and time are pooled
- Enhances efficiency
What is the concept of synergy in organisations?
- 1+1=3 illustrates synergy
- Achieve more than alone
What are the two main types of organizations?
- Commercial organizations seek profit
- Not-for-profit organizations don't seek profit
What is the aim of not-for-profit organizations?
- Seek to satisfy member/society needs
- Set up to benefit sectors like:
- Government departments
- Schools
- Hospitals
- Charities
- Clubs
What does the public sector focus on?
- Part of the economy for government services
- Controlled by government
- Includes:
- Police
- Military
- Public transport
- Primary education
- Healthcare for the poor
What characterizes the private sector?
- Organizations run by private individuals/groups
- Includes:
- Businesses
- Charities
- Clubs
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
