1.3 Business Objectives
Keep a Personal Checklist:
Explain the definitions and roles of vision statement and mission statement [AO2]
Define aims, objectives, strategies and tactics and explain their relationships [AO2]
Explain why organizations change objectives and innovate in response to changes in internal and external environments [AO2]
Describe ethical objectives and corporate social responsibility (CSR) [AO1]
Outline the reasons why organizations set ethical objectives and the impact of implementing them [AO2]
Explain the evolving role and nature of CSR [AO2]
BE A CRITICAL THINKER: [AO3]
Why organizations change objectives and innovate in response to changes in internal and external environments?
How does the evolving role and nature of CSR impact on business aims and objectives?
Why do objectives have changing significance in different situations?
BM TOOLKIT Connection
STEEPLE Analysis
SWOT Analysis
Ansoff Matrix
[HL] Porter Generic Strategies
Think: Why are Vision and Mission Statements important?
Aims, Objectives, Strategy, Tactics
And Organizational Needs to Change Objectives
TEDx Talk
Alex Edmans talks about the long-term impacts of social responsibility and challenges the idea that caring for society is at the expense of profit
1.3 - internal and external environment.pdfCCES Alert: Examine internal & external factors that impact organization's needs to change objectives
The Role & Evolution of Ethical Objectives & CSR
CCES CONNECTIONS:
Suggested inquiry statements to explore:
How corporate social responsibility (CSR) could impact business creativity.
Why business objectives might change over time
How ethical behaviour contributes to business sustainability