Factors Affecting Business Decision Making

The video explores five key factors influencing business decision-making: mission statements, business objectives, ethics, external environment, and constraints. Each factor is examined through real-world examples, such as the BBC, Tesla, McDonald's, Tesco, and Arsenal Football Club. The video emphasizes the importance of weighing risks and rewards, gathering data, and considering various perspectives to make informed decisions. It concludes by highlighting that even with perfect information, decisions may not always yield the desired outcomes.

What are some examples of financial regulations that affect sporting clubs like Arsenal?

How do businesses weigh the potential risks and rewards when making decisions?

What role does collaboration play in the decision-making process of a business?

Why is there no guarantee that a well-informed decision will be the right one?