Summary Chapter 4 - Influence on business decisions: A level edexcel business studies revision summaries
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Course
Business economics
Institution
Bachillerato
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Contents
INFLUENCES ON BUSINESS DECISIONS (4)...................................................................................................1
CORPORATE CULTURE (14)......................................................................................................................1
CLASSIFICATION OF COMPANY CULTURES...........................................................................................2
STAKEHOLDER MODEL VERSUS SHAREHOLDER MODEL (15)...................................................................2
BUSINESS ETHICS (16)..............................................................................................................................3
CORPORATE CULTURE (14)
Corporate culture is the values, attitudes, beliefs, meanings, and norms that are shared by people and
groups within an organization.
Strong corporate cultures: a strong culture is one that is deeply fixed into the way a business
behaves.
Weak corporate cultures: a culture where workers are not fully aligned to the values, beliefs,
and ways of working of an organization.
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