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by
Sophia Abramchuk Making Business Decisions
Unit 4a Business Studies 4.3.1 What is a Mission Statement The mission statement of a business sets out what the
main purpose of a business is e.g. why it exists The mission is likely to be determined by the values of organisation
(i.e. its…

Page 3

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on investment Decreasing costs and improving revenues
Consumers- product qualities Government- cutting taxes reducing costs Local Community- ethics Employees-wages
Managers- salaries Suppliers- costs reduction
Suppliers Paid in time for supplies
Best deals- profit maximisation Consistency More orders Fair prices
Managers Shareholders
Employees Good working conditions
Fair wages Fair treatment, motivation…

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Page 5

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by Sophia Abramchuk
Supermarket wants to open a new superstore on a greenfield site- Local community can have the conflict with
shareholders of the business. This is due to the interest of shareholders to maximise sales and do whatever they
need to attract as many customers, without ethical considerations. The…

Page 6

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Page 7

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by Sophia Abramchuk
Corporate culture Organisational culture The way we do things around here- a result of tradition, history and structure
The values, attitudes and believes of the people working in an organisation that control the way they interact with
each other and with external stakeholder groups
Google organisational culture…

Page 8

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Power structures In my job we can
challenge management views. In fact challenging management us encouraged
Student council, debates with teachers, rep meetings
Rituals and myths In my job start every day with a company meeting where we sing the company song
School hymn, assemblies, Student Council, year book, prize…

Page 9

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Page 10

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by Sophia Abramchuk

Corporate Strategy
Once the corporate objectives have been decided, a busies must begin to plan how they will be achieved
What is Corporate Strategy? Long term plan to achieve corporate objectives Can be implemented in a number of
ways e.g. Entering/leaving certain markets Acquiring new companies Introducing/phasing…

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aarnie

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Awesome notes thank you!!!!

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Pages in this set

Page 1

Preview of page 1

Page 2

Preview of page 2
by
Sophia Abramchuk Making Business Decisions
Unit 4a Business Studies 4.3.1 What is a Mission Statement The mission statement of a business sets out what the
main purpose of a business is e.g. why it exists The mission is likely to be determined by the values of organisation
(i.e. its…

Page 3

Preview of page 3
on investment Decreasing costs and improving revenues
Consumers- product qualities Government- cutting taxes reducing costs Local Community- ethics Employees-wages
Managers- salaries Suppliers- costs reduction
Suppliers Paid in time for supplies
Best deals- profit maximisation Consistency More orders Fair prices
Managers Shareholders
Employees Good working conditions
Fair wages Fair treatment, motivation…

Page 4

Preview of page 4

Page 5

Preview of page 5
by Sophia Abramchuk
Supermarket wants to open a new superstore on a greenfield site- Local community can have the conflict with
shareholders of the business. This is due to the interest of shareholders to maximise sales and do whatever they
need to attract as many customers, without ethical considerations. The…

Page 6

Preview of page 6

Page 7

Preview of page 7
by Sophia Abramchuk
Corporate culture Organisational culture The way we do things around here- a result of tradition, history and structure
The values, attitudes and believes of the people working in an organisation that control the way they interact with
each other and with external stakeholder groups
Google organisational culture…

Page 8

Preview of page 8
Power structures In my job we can
challenge management views. In fact challenging management us encouraged
Student council, debates with teachers, rep meetings
Rituals and myths In my job start every day with a company meeting where we sing the company song
School hymn, assemblies, Student Council, year book, prize…

Page 9

Preview of page 9

Page 10

Preview of page 10
by Sophia Abramchuk

Corporate Strategy
Once the corporate objectives have been decided, a busies must begin to plan how they will be achieved
What is Corporate Strategy? Long term plan to achieve corporate objectives Can be implemented in a number of
ways e.g. Entering/leaving certain markets Acquiring new companies Introducing/phasing…

Comments

aarnie

Report

Awesome notes thank you!!!!