Business and Management for the IB Diploma by Peter Stimpson, Alex Smith PDF

By Peter Stimpson, Alex Smith

ISBN-10: 0521147301

ISBN-13: 9780521147309

Adapted to the thematic requisites and evaluation pursuits of the IB syllabus. Designed for sophistication use and self reliant research, this new coursebook is adapted to the thematic standards and evaluate pursuits of the IB syllabus. It contains studying targets and summaries; built-in thought of data fabric; textual content in transparent sections, following the IB syllabus constitution and content material requisites; transparent, available English for college students whose first language isn't English; exam-style perform questions and a bankruptcy on overview and examination options. Written by means of training enterprise and administration lecturers, Peter Stimpson and Alex Smith, it good points the next subject matters: enterprise business enterprise and atmosphere; Human assets; bills and finance; advertising; Operations administration; company method.

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Sample text

If you do, then this is one of the potential limitations of such statements. In recent years, virtually any organisation of any size has devised a mission statement. Do they perform a useful function or are they just another management fad? Below are some arguments in favour of these statements: ● ● ● ● They quickly inform groups outside the business what the central aim and vision are. They help to motivate employees, especially where an organisation is looked upon, as a result of its mission statement, as a caring and environmentally friendly body.

State four factors that would help to ensure that corporate objectives were effective in assisting a business to achieve its aim. Give an example of a SMART objective that could be set for your school or college. Explain, with two examples, what corporate objectives a car manufacturing business could establish. Why might short-term profit maximisation not be an appropriate objective for a car manufacturer? Explain the meaning of the corporate objective ‘increasing shareholder value’? Why might the owners/directors of a small private limited company set a profit satisficing objective?

H OVER TO YOU REVISION CHECKLIST 1 Differentiate clearly, with examples, between mission 9 Why might the objective of increasing share- statements and vision statements. What are often considered to be the practical limitations of mission statements? State four factors that would help to ensure that corporate objectives were effective in assisting a business to achieve its aim. Give an example of a SMART objective that could be set for your school or college. Explain, with two examples, what corporate objectives a car manufacturing business could establish.

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Business and Management for the IB Diploma by Peter Stimpson, Alex Smith


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