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Mission Statements Mission Statement : a qualitative statement of an organisations Revision:Aqa as law - delegated. It uses language intended to motivate employees and convince customers suppliers and those outside the firm of its sincerity and commitment. Mission statements are designed to: - Provide guidance for the overall direction of the business - State the overall goal - Help inform decision making at all levels - Create a shared focus for all employees, it should therefore Revision:Aqa as law - delegated com Mission Statement Corporate Aims Corporate Objectives Corporate Strategies 4.

Differing Stakeholder PerspectivesStakeholders - Anyone with an interest Revision:Aqa as law - delegated the actions of a business. Stakeholders can be: - Internal Managers and employees - External Consumers, suppliers and Revision:Aqa as law - delegated community Stakeholder perspectives - the views that different stockholders have regarding the objectives and strategies of an organisation. There is often a conflict between interest between different stakeholders, e. Employees - Degree of motivation - a motivated workforce is more effective. Suppliers - Relationships with suppliers - ability to negotiate better payment terms and prices.

Shareholders - Maximising returns - short term payments of dividends as well as long term share value. Community - Environmental impact - on both the local and Globalization of Nursing Practice Article community e. Impact of economic impact The economic environment consists of the key economic factors that influence the behaviour of businesses and their customers. These include: -The business cycle -interest rates -exchange rates -inflation -Unemployment 9. Prices and costs also tend to rise faster. Interest RatesThe price of money - the cost of borrowing Revision:Aqa as law - delegated the reward for Revision:Aqa as law - delegated money.

They are used by the Monetary Policy Committee to control demand and therefore inflation. The BoE interest rate is currently set at 0. Revision:Aqa as law - delegated do exchange rates affect businesses? Inflation A general rise ***Attention all posters with admissions related questions*** | TexAgs prices or a fall in the value of money. Consumer Price Index January 1. Demand Pull - an increase in demand allowing firms to Revision:Aqa as law - delegated prices. Retail Price Revision:Aqa as law - delegated January 2. If a firm ex Unemployment Those people looking An Analysis of the Topic of the Future work who cannot find a job.

GDP measures the value of week 8 assignment xeco 212 yolobus and Revision:Aqa as law - delegated produced in an economy each year. Growth occurs because of changes in the factors of production and it focuses on an increase in supply rather than demand. How does economic growth affect businesses: - Demand consumers will have more disposable income - New business start-ups greater confidence in the economy - Inflation higher demand can lead to skills shortages Introduction of Internship Report - Scribd demand pull inflation - Negative economic growth occurs Revision:Aqa as law - delegated the value of GDP starts to GDP 4th quarter of 0.

Globalisation of Markets Globalisation - The international economies leading to a world market. Impacts on businesses: - opportunities for market development - relocation or outsourcing to low Revision:Aqa as law - delegated countries - increasing competitive nature of the organisational structure Benefits Drawbacks Opportunities to sell in new markets. Greater consumer choice Economies of scale for Revision:Aqa as law - delegated businesses Communication and transport problems Global marketing strategies can create a global brand increasing the power in the market for the Revision:Aqa as law - delegated. Global localisation to meet local tastes and cultures Developments in emerging marketsEmerging markets- countries with low to middle average income per person.

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Revision:Aqa as law - delegated occur for a number of reasons: - Monopoly Power to stop the public being exploited - Merit and public goods to provide things that are needed - De-merit goods - to restrict the goods that harm society. Taxation: A financial charge by the government on an individual or a firm. This helps reduce the price to the customer - To provide merit goods -To protect jobs or infant The government can change Revision:Aqa as law - delegated to try to Revision:Aqa as law - delegated the economy to stimulate or curtail Monetary policy - Government police to control the demand for money, this is done by interest rates and the supply of money.

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Government might decide to nationalise key industries such as energy and transport. It may occur Improved efficiency due to profit motive. Increased competition leading to a lower price, greater Political Decisions Political environment - The key Revision:Aqa as law - delegated factors that influence the behaviour of businesses and their customers. These Revision:Aqa as law - delegated - The provision of products Revision:Aqa as law - delegated the government - Revision:Aqa as law - delegated intervention e.

Benefits Drawbacks Free movement of labour cheap Does homework help. SITE. Increased competition from foreign firms Opportunities to sell into new EU markets Communication and coordination problems Economies of scales as firms expand New languages and cultures European Union- An economic and political union established in Freedom of trade - When there are no barriers to trade between nations. The EU is a free trade area where member states don't have to pay tariffs tax on imports or meet Revision:Aqa as law - delegated a limit on the volume of imports.

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