Corporate Influences Flashcards
1
Q
What is the definition of Corporate timescales?
A
Corporate timescales refers to strategy and the expectation of when a return will be achieved
2
Q
What is Short-termism?
A
Short-termism means that a business is only interested in a quick financial reward
3
Q
What is long-termism?
A
Long-termism is a whole business approach
• Considers ethical behaviour of the
business in decision making
• Research and development have long term goals
4
Q
What is Evidence based decision making?
A
Decisions relating to the business are based on evidence and data which is valid and trusted information
5
Q
What is Subjective decision making?
A
Decisions relating to a business which are based on personal perspectives, feelings and opinions
