ASX is where private companies can go public by listing shares on the ASX, money generated by the sale of shares goes to a company and provides source of funds.
Outline 3 management roles and explain each one.
Interpersonal management role - the interaction and relations between a manager and people .. acting as a leader, to motivate others to reach their potential and fulfill business goals , figurehead as a symbol of the business and liason to act as a link between the business and external associates...
Informational management role - the manager ensures messages are effectively communicated within the business , monitoring and sharing knowledge , acting as a spokesperson to communicate messages to the public, and a disseminator of information to ensure employees understand business happenings..
this ensures the business understands issues, builds relationships connecting from all levels of business, and improves confidence and the strategic direction of the business
Decisional management role is the ability to analyse situations , assess possible alternatives and choose the most appropriate choice for action. it involves acting as a disturbance handler to resolve problems and issues that may arise , an entrepreneur to be plan on the future and be proactive, an efficient resource allocator to minimise wastes and costs and negiotator to resolve conflicts and make an agreement.
After decisions are made , the impacts need to be evaluated for future decision making.
Describe the importance of the social developments
(Ageing population and Increase in teenage spending)
that have impacts relating to a businesses managing change
)