1 - Corporate objectives

Question 1

corporate objectives

Answer 1

what the business aims to achieve. they guide the actions ans strategy of a business and measure the overall sucsess of a business

Question 2

mission statment

Answer 2

sets out the pupose of a business. relates to the stakeholders

Question 3

what will missions staments usually focus on

Answer 3

• the value of the business
• scope of the business
• importance of different stakholder groups
• the impact they want to have on society
• long term aims of the business

Question 4

influences on mission

Answer 4

• the values of the founders
• the views of society
• the industry they operate in
• size and type of ownership
• culture of the business

Question 5

coproate objectives

Answer 5

quantify the mission and set measurable targets for the organisation. they provide specific and measureable steos that a business shoudl take

Question 6

focuses of corporate objectives

Answer 6

• innovation
• growth
• sustainability
• shareolder value
• social repsonibility
• profitability
• market standing

Question 7

internal factors affecting corporate objectives

Answer 7

• poor perfomance
• new leadership
• business ownershi
• business culture
• business growth

Question 8

external factors that affect corporate objectives

Answer 8

• eoenomic conditions
• social change
• actions of compeititors
• global prices
• technological change

Question 9

short termism

Answer 9

pressure of achieving short term gains over long term sucsess

Question 10

influences of short termism and the pressure for instant sucsess

Answer 10

can influence corporate objectives and decision making as much as any other internal or external factor

Question 11

influences of short termism and the pressure for instant sucsess

Answer 11

can influence corporate objectives and decision making as much as any other internal or external factor