3.4 - Influences on Decision Making
3.4.1 - Corporate Influences
a) Corporate timescales: short-termism versus long-termism b) Evidence-based versus subjective decision making |
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3.4.2 - Corporate Culture
a) Strong and weak cultures b) Classification of company cultures:
d) Difficulties in changing an established culture |
The video below explains the corporate culture at Apple and how this impacts on their organisation.
The video below offers an overview of corporate culture in basic terms.
The video below outlines the corporate culture which prevails among many German small and medium sized companies, that many believe are the key to Germany's economic success.
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3.4.3 - Shareholders Versus Stakeholders
a) Internal and external stakeholders
b) Stakeholder objectives
c) Stakeholder and shareholder influences:
d) The potential for conflict between profit-based
(shareholder) and wider objectives (stakeholder)
a) Internal and external stakeholders
b) Stakeholder objectives
c) Stakeholder and shareholder influences:
- stakeholder: that the business considers all of its stakeholders in its business decisions/objectives
- shareholder: that the business should focus purely on shareholder returns (increasing share price and dividends) in its business decisions/objectives
d) The potential for conflict between profit-based
(shareholder) and wider objectives (stakeholder)
3.4.4 - Business Ethics
a) Ethics of strategic decisions:
c) Corporate Social Responsibility (CSR) The Walmart documentary below examines the approach the company takes to corporate social responsibility. It makes a very strong case for CSR to be more prominent in the thinking of businesses, but be aware that this is produced from one particular vantage point...
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The video below outlines a model that can be applied when considering corporate social responsibility. This is not in your syllabus but can help with answering 20 mark questions at A grade standard.
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