Objectives

• What is corporate social responsibility (CSR)?

  Acting ethically to ensure positive public perception
• How can reducing carbon footprint benefit a company?

  It improves reputation and attracts customers
• What is a potential benefit of creating new safety measures?

  Gaining quality and safety awards for marketing
• How do improved working conditions affect employees?

  They motivate existing staff and attract new staff
• What are the benefits of recycling and reducing waste?

  They reduce costs and improve reputations
• What can conflict with a company's main objectives?

  Managers' individual objectives
• How does a budget affect managers' objectives?

  It may prevent them from meeting objectives
• What might motivate a manager to seek a promotion?

  Increased salary and meeting main objectives
• What does it mean for a company to satisfice?

  To be just good enough to meet objectives
• Why might a company choose to satisfice?

  Due to external pressures or lack of finance
• What is a common aim for businesses in the private sector?

  To grow and develop over time
• Why is growth important for businesses?

  It provides more profit opportunities and economies of scale
• How does size affect a company's risk of takeover?

  Larger companies are at less risk of takeover