UK0,M<$b@mevgɦmJ8s =-bU#b5')byiDz)%2.&_NKpGtJ|QGdr:>Fj0rA ؞F&!| 4`,mz3[
Study notes

Internal and External Influences on Corporate Objectives

  • Levels: A Level, IB, BTEC Level 3
  • Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC

A range of factors will influence the choice and achievement of corporate objectives.

INTERNAL INFLUENCES ON CORPORATE OBJECTIVES

Business Ownership - who are the business owners and what do they want to achieve?

Attitude to Profit - Is the business run to earn profits or it is not-for profit?

Ethical Stance - Do ethics play a role in a business’ decision-making?

Organisational Culture - How is the business structured? How are objectives set and decisions taken?

Leadership - How strong is the influence of leadership in the business in terms of objectives and how decisions are made?

Strategic position & resources - What options & choices does the business realistically have based on its existing market position & resources?

Stakeholder influence How influential are internal stakeholders?

EXTERNAL INFLUENCES ON CORPORATE OBJECTIVES

Short-termism - External investor pressure to focus on and achieve short-term objectives at the expense of long-term strategy?

Economic environment - Perspective on key economic indicators such as economic growth, consumer spending & interest rates?

Political / legal environment - Impact of uncertainty about changes in the political & legal environment?

Competitors - Do competitor actions & strategies shape what a business thinks it can achieve?

Social & Technological change - How rapid is the pace of social & technological change in a business’ markets? Does this make objective-setting & decision-making easier or harder?

Subscribe to email updates from tutor2u Business

Join 1000s of fellow Business teachers and students all getting the tutor2u Business team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uBusiness on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Job board

Teacher of Business and Economics

The Holt School, Wokingham

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u