Flashcards
Keywords 3.4
Cards in this deck (15)
- 1Short-TermismA business that focuses on short-term returns on investment e.g. a start-up business's first year's profits
- 2Long-TermismAbility of a business to invest in projects over a long term e.g. cure for cancer
- 3Evidence Based Decision MakingBased on valid and reliable data e.g. we should give Cathrine the job because she has smashed her last four targets
- 4Subjective Decision MakingBased on personal feelings and opinions e.g. we should give Regan the job, I like him
- 5Company Culture MakingThe way things are done
- 6Role CulturePower come from a defined role such as a Head of Department or Deputy Head
- 7Power CulturePower is at the centre of the organisation with the founder
- 8Task CultureGroups that work in teams on projects
- 9Person CultureIndividuals who are very skilled work as part of an organisation but on their own projects
- 10StakeholderA person or group who have an interest in or may beg affected by the actions of a business
- 11ShareholderA person or group that owns a share of a business either an ltd or plc
- 12Shareholder objectiveProfit
- 13EthicsDoing business in a way that it morally right (values, morals and norms)
- 14Trade-offA compromise reached between one thing and another
- 15CSRCorporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large
Information
- Description
- A2 Business Studies (Unit 3.4) Flashcards on Keywords 3.4, created by India Ashberry on 16/01/2017.
- Created by
- India Ashberry
- Views
- 0
- Rating