100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Corporate Influences and Culture £3.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Business
  6.  
  7. Unit 3 - Business decisions and strategy

Summary

Summary Corporate Influences and Culture
 31 views  0 purchase

Describes corporate influences (corporate objectives, stakeholder perspectives, business ethics), corporate timescale, evidence based and subjective decision making, strong and weak corporate cultures, and Handy's corporate cultures (power, role, task, person)

Preview 1 out of 3  pages

Document information

  • September 28, 2020
  • 3
  • 2019/2020
  • Summary

Subjects

Written for

All documents for this subject (38)

Seller

avatar-seller
emily1744

Reviews received

Content preview

Theme 3 Topic 10
Corporate Influences and Culture
Corporate Influences
 Factors that influence the objectives and strategies of a business.

Corporate Culture

The culture of an organisation can influence decision making

Google Sony
 Open culture – encourage risk taking  Formal
 Informal  Built around consensus
 Pleasing employees – motivation  Bureaucratic decision making
 Creative, flexible, innovative  Cautious – don’t like risk taking
 Encourages collaboration
Kraft/Cadbury Culture Cash
Kraft: Cadbury:
 Large conglomerate  Focused on good quality
 Wants growth/profits  Informal
 Corporate  Employee focused
 ‘Cut-throat’  Paternalistic

Stakeholder Perspective

Some corporations take a ‘shareholder approach’ when making business decisions. This means that the views
of shareholders influence decision making, whilst others are marginalised.

E.g. Tesco

Others take a ‘stakeholder approach’ – the views and needs of a wider range of stakeholders, such as
customers, employees, suppliers and the environment are considered when making strategic decisions.

E.g. John Lewis

Business Ethics

Corporations with a strong ethical stance are likely to make different decisions from those that have little
regard for ethics. For example, businesses with a strong sense of CSR are not likely to choose a course of action
that may threaten the environment, damage relations with local communities or upset the workforce.



Corporate Timescale
The outcome of decisions can have both a short and a long term impact on a company.

Long term decisions – those that affect the vision, mission and objectives of the company. They could have an
impact on the business in 5 or 10 years’ time.

Short term decisions – more tactical/operational in nature and are designed to achieve goals e.g. in 12
months’ time. Big businesses want to keep their shareholders happy.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller emily1744. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £3.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76747 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£3.99
  • (0)
  Add to cart