Cards (39)

    • What are corporate influences within an organization?
      Internal factors shaping decisions
    • Corporate influences are the internal factors within an organization that shape its business decisions
    • How does ownership structure influence business decisions?
      Priorities differ based on ownership
    • A business culture that values innovation encourages risk-taking.
    • What role does organizational structure play in decision-making?
      Affects decision hierarchy
    • An autocratic leadership style involves quick, unilateral decisions
    • Why are ethical considerations important in business decisions?
      Align with societal values
    • The level of risk a business is willing to accept influences its investment decisions.
    • How does ownership structure influence priorities in public versus private companies?
      Shareholder returns vs. long-term growth
    • Startups often embrace failure to drive growth
    • What type of organizational structure leads to top-down decision-making?
      Hierarchical
    • Democratic leadership encourages employee involvement in decision-making.
    • What strategic choices do ethical considerations guide in business?
      Sustainable practices
    • High-risk investments in emerging markets are influenced by a business's risk appetite
    • What are the four prominent leadership styles that influence business decisions?
      Autocratic, Democratic, Laissez-faire, Transformational
    • Match each leadership style with its key characteristics:
      Autocratic ↔️ Centralized control, minimal input
      Democratic ↔️ Encourages collaboration and participation
      Laissez-faire ↔️ Delegated authority, autonomous teams
      Transformational ↔️ Inspires change, motivates teams
    • Who is an example of an autocratic leader mentioned in the study material?
      Steve Jobs
    • Democratic leadership involves group decision-making and employee input.
    • What are the four prominent leadership styles discussed in the study material?
      Autocratic, Democratic, Laissez-faire, Transformational
    • An autocratic leadership style is characterized by centralized control
    • Which leadership style delegates authority and allows autonomous teams?
      Laissez-faire
    • A transformational leader inspires change and motivates the team towards a common vision
    • Match the organizational structure with its characteristics:
      Hierarchical ↔️ Clear lines of authority
      Flat ↔️ Decentralized authority
      Matrix ↔️ Dual reporting structure
      Network ↔️ Autonomous decisions
    • Corporate culture shapes the company's environment and affects employee behavior.
    • A strong corporate culture aligns employee actions with strategic goals
    • What is a key characteristic of a strong corporate culture?
      Clear values
    • A weak corporate culture may lead to inconsistent decisions and lack of innovation.
    • Categories of corporate influences in order:
      1️⃣ Ownership
      2️⃣ Business Culture
      3️⃣ Organizational Structure
      4️⃣ Leadership Styles
      5️⃣ Ethics
      6️⃣ Risk Appetite
    • Understanding corporate influences is crucial for effective strategic planning.
    • What is the impact of a hierarchical organizational structure on decision-making?
      Top-down decisions, slower process
    • A laissez-faire leader delegates authority and allows teams to make independent decisions
    • What is the primary role of corporate culture in an organization?
      Shapes employee behavior
    • A strong corporate culture encourages risk-taking within boundaries
    • Corporate policies ensure consistency and ethical standards within a company.
    • What is the purpose of ethical policies in a company?
      Guide ethical choices
    • Financial policies manage budgets, investments, and financial reporting
    • Effective corporate policies reduce ambiguity in decision-making.
    • What are stakeholder expectations influenced by?
      Needs, desires, demands
    • Match the stakeholder group with their key expectation:
      Shareholders ↔️ High returns
      Customers ↔️ Quality products
      Employees ↔️ Fair wages
      Suppliers ↔️ Timely payments