3.4 Influences on Business Decisions

_______ can influence business decisions.

This is because owners may need to take "the shareholder approach" to decisions, meaning taking their ____ into account.

Which of the following is a reason as to why corporate culture can influence business decisions?

• culture may be reluctant to changes

• culture may be very vocal

• culture may be important to the owner

Describe how corporates behave when they opt for short-termism.

Describe how corporates behave when they opt for long-termism.

What are the two key types of decision making?

• futuristic

  decision making

• spontaneous

  decision making

• subjective

  decision making

• collaborative

  decision making

• evidence-based

  decision making

______ ______ is the values, norms and other things shared by the people within a corporation.

Corporate culture is the values, norms and other things shared by the people within a corporation.

There are numerous types, including power culture and person culture.

Explain what these two terms refer to.

Which of these is typical of a strong corporate culture?

• the culture doesn't change for a long time even in difficult times

• the culture is a positive one for all members of the corporation

• the culture is deeply embedded in business operations

What are some of the things that corporate culture can influence?

A ________ is a person/group that can be affected by, or can affect, business actions and policies.

They can be internal or external to the business.