Activity 1: Beyond Disability and Train World
Compare and contrast the features (characteristics) of these two small businesses.
The differences between the two business would be that Train World is out to make a profit whereas the aims of a non for profit business such as Beyond Disability is to give something positive back to the community
Identify the objectives of each business.
The main objectives of Train World might be for a personal reason, social reason or most commonly a financial reason and within these they might have smaller steps to create a bigger goal for themselves and the business. In Beyond Disability their main objective would be to see the school children progress medically but small …show more content…
objectives might involve getting more funding or volunteers
For each business, identify two aspects of their internal environment and two aspects of their external environment.
Two of train worlds internal aspects would be who to appoint as manager and how many staff to have on at any given time. Two external aspects would be government regulations and competitors. In beyond disability internal environment examples would be how to manage their volunteers and who would be the manager in the group. External aspects would be things such as how much funding the government give them and how much money they get from the general public
Identify one aspect of either environment that is the same for each business and one that is different for each business
One aspect that would be the same would be anything external like economic conditions whereas something different would be internal such as company policy’s
Activity 2: Bruny Island Charters and Tasman Island Cruises
Define the term ‘stakeholders’. Identify at least six stakeholders in this business. Include a mix of stakeholders from the internal and external environments.
6 main stakeholders would be * Customers * Suppliers * Competitors * Interest Groups * Government *
Owners
Define the terms ‘social responsibility’ and ‘business ethics’. Social responsibility is a duty every organization has to perform to maintain a balance between the economy and the ecosystem.
Business ethics I something the business does to remain moral throughout the community
Using this case study, explain your definitions.
One example of business ethics would be that they provide is that they put a certain amount of money sold from each ticket into a fund for the Tasmanian Coast Conservation Fund.
One example of social responsibility would be that they provide eco-adventure cruise experiences.
Explain the impact of the Tasmanian Coast Conservation Fund on each of any three of the stakeholders you identified in your answer to Task 1.
Customers - It has a impact on the customers because it helps maintain the coast in Tasmania where customers might live
Competitors- the impact on competitors is huge. This is because if the prices are very similar people are a lot more likely to choose something at is economic and not as bad as other company’s on the environment
Owners - giving away a certain amount of money from each ticket sold probably has an impact on the profits for the business but it also is a way to bring in more customers so overall the profits are more likely to be higher through this idea.