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Context BUSM3886
Introduction to the course
SEMESTER 2, 2015
Dr Jacinta Ryan
On behalf of
Dr Alan Montague
Course Co-ordinator
alan.montague@rmit.edu.au
Introduction to the Course and Content - &
Assessment Tasks 1,2 & 3.
http://news.bbc.co.uk/2/shared/spl/hi/asia_pac/02/china_party_congress/china_ruling_party/how_
Objectives/Learning Outcomes/Capability
Development
And more
The Course has-
Twelve one hour lectures
&
11/08/2015 Lecture Week 4 Tutorials for Lecture 3 (commence planning and discussing Task 2
reports review introductions only in
tutorials).
8/09/2015 Lecture Week 8 Tutorials for Week 7 (commence planning and discussing Task 3
reports review introductions only in
tutorials).
Step 1 Step 2
Business
Government
Globalisation
These 3 key terms that underpin the course
will be outlined in depth as the course
unfolds but the following outlines some
broad definitions.
The following interpretations on Business Government
and Globalisation are based on:
Hughes, O, & O'Neill, D. 2008 Business, government and globalization : An
international perspective. Basingstoke: Palgrave Macmillan.
Dua, A., Heil, K. & Wilkins J. 2010 How business interacts with government:
McKinsey Global Survey results McKinsey & Company
http://www.mckinsey.com/insights/public_sector/how_business_interacts_with
_government_mckinsey_global_survey_results accessed 18 February 2015
Business
Definitions of Business
Business as commerce - the process in which people
produce, exchange and trade goods and services
Business as an occupation is the acquired set of specialised
skills and abilities that allows people to create valuable
goods and services
Business as an organisation is the system of task and
authority relationship that harmonises and controls the
interactions between people to work toward a common goal
Business as a system is a combination of business
commerce, occupations, and organizations that produces
and distributes the goods and services that create value for
people in a society
Background
voting politics
lobbying government
Public Relations
business (spin)
Governments roles
PUBLIC COURT
TRANSIT SYSTEM
GOVERNMENT
SERVICES
PARKS AND PUBLIC
RECREATION EDUCATION
POSTAL WELFARE
SERVICES SUBSIDIES
Providing Work
The government is generally the single largest employer in the
countries.
Federal governments generally employ 100s of thousands and
sometimes millions of people in some countries.
In some countries people temporarily out of work, the
government provides unemployment insurance.
The government provides welfare benefits and job training
programs.
In some countries employers or the government take taking a
proportion of money out of your peoples salaries and setting it
aside for their future retirement
Assisting Business
The government is the single largest consumer of goods and
services.
The government buys most of its equipment directly from
businesses or has it specially made, such as military equipment,
cars, property, roads, rail and ambulances and the list goes on
(and on).
Different kinds of small business loans to aspiring small-business
owners is available in some countries .
The government also lends money to big businesses that are in
financial trouble. The US banks after the financial crisis (2008) is
a good example of that allow me to digress on that issue
A few things you need to know