Summary Chapter 4 - Influence on business decisions: A level edexcel business studies revision summaries

Borja Jimenez Business A-level



INFLUENCES ON BUSINESS DECISIONS (4)
UNIT 2



Contents
INFLUENCES ON BUSINESS DECISIONS (4)...................................................................................................1
CORPORATE CULTURE (14)......................................................................................................................1
CLASSIFICATION OF COMPANY CULTURES...........................................................................................2
STAKEHOLDER MODEL VERSUS SHAREHOLDER MODEL (15)...................................................................2
BUSINESS ETHICS (16)..............................................................................................................................3


CORPORATE CULTURE (14)
Corporate culture is the values, attitudes, beliefs, meanings, and norms that are shared by people and
groups within an organization.

 Strong corporate cultures: a strong culture is one that is deeply fixed into the way a business
behaves.




 Weak corporate cultures: a culture where workers are not fully aligned to the values, beliefs,
and ways of working of an organization.




1