Influences On Business Decisions Flashcards Preview

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Flashcards in Influences On Business Decisions Deck (19)
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1

Mittelstand

The family owned small and medium sized businesses that are the backbone of the german economy

2

Intuition

Deducing something from circumstances without any direct evidence

3

Stock market index

A weighted average of the share prices of many companies added together, adjusted to equal 100, then measured for percentage change over time

4

Bureaucratic

An organisation in which initiative is stifled by paperwork and excessive checking and rechecking of decisions and actions

5

Person culture

An organisation, such as a legal practice, where common training practices mean everyone is trusted to get on with their jobs with minimal supervision

6

Power culture

The boss as spider in the web, with every decision going through him or her. Power is kept at the top.

7

Psychometric tests

Designed to test the psychological make up of a candidate-that is, the personality and character of an individual

8

Role culture

Where the job is treated as of more importance than the individual; this will be a bureaucratic, risk avoiding culture

9

Task culture

Making the task or project the focus, with staff brought in to form a temporary team empowered to get the task completed successfully

10

Pressure group

A group of people with a common interest who try to further that interest

11

Shareholder

An owner of a company

12

Shareholder value

A term widely used by company chairmen and chairwomen, which means the attempt to maximize the company's share price

13

Social responsibilities

Duties towards stakeholder groups, which the firm may or may not accept

14

Stakeholder

An individual or group that affects and is affected by an organisation

15

Corporate culture

The culture of an organisation is the code that affects the attitudes, decision making and management style of its staff

16

Corporate social responsibility

A term intended to sum up the ethically driven activities of a business; but often it's an extension of the PR department

17

Vested interest

When there's a personal reason for making a decision

18

Whistleblowing

When an employee decides they can't accept a moral dilemma so informs either senior staff or the media

19

Earnings per share

Company profits after tax divided by the number of shares issued; a rising EPS makes it easy to pay out rising dividends to shareholders