Chapitre 1 Flashcards
What is the global business ?
A strong and adaptive force
What are successful organization?
They are adaptable, agile and they can change with their environment
How can a firm adapt ?
By introducing new products, or improving an existing one.
What is commerce?
Is the exchange of goods and services between one or multiples parties, this includes legal, economic, social, cultural and technological ecosystems.
What are goods and services ?
Goods: are tangible products that can be seen, touched, felt or consumed. Example: electronics, medication or food.
Services: are non tangible, meaning we can’t touch them. Example: education, health insurance, networks (5G)
How is Business define in our days?
As unified set of tasks and assets that can be managed with the intend of creating products or services for the clients.
What are the 3P in Business?
People: An organisation has an impact on its most important assets the stakeholders ( internal stakeholders: managers employees… or external stakeholders: customers, suppliers…)
Planet: it is the responsibility of the organisation to use ressources effectively and reduce their carbon footprint.
Profit: Impact on the micro and macroeconomic economy. Include job creation, innovation, wealth creation and tax generation.
What is a CSR?
Corporate social responsibility: also know as corporate citizenship, is a business model used to assist compagnies with social accountability to themselves and the public.
What is a risk?
Is the chance that an outcome or an investment actual gains will differ from an expected outcome or return. Risk include the possibility of losing, is a potential reward or lost.
What’s ROI
Return on Investment: performance measured used to evaluate the efficiency of an investment or compare the efficiency of a number of different investment. ROI tries to directly measure the amount of return on a particular investment, relative to the investment cost.
What is an Economic system?
Is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
What an Economic system is made up ?
Made up of laws, policies, and procedures that have been set up by the local government
What is an MNE?
Multinational enterprise: is an enterprise that produces goods and delivers services in more than one country.
What are 7 environmental influences?
Economic, politiques and legal, Demographic, Social, Competitive, Global and Technological
