CSR
What is Corporate Social Responsibility?
Those business that consider the interest of society by taking responsibility for the impact of their decisions and activities.
What is SWOT
A strategic analysis that identifies and analyses the main internal strengths and weaknesses and external opportunities and threats.
What is STEEPLE
Strategic analysis of the macro environment in which the business operates and can affect the future strategies of the business.
What is Ansoff Matrix?
It is a model used to show the degree of risk, depending on the kind of growth strategy.
What is social audit?
An independent report on the impact a business has on society. Cover different areas.
What is the meaning of the word SWOT?
S -> Strengths
W-> Weaknesses
O -> Opportunities
T -> Threats
What is the meaning of the word STEEPLE
S -> Social
T -> Technological
E -> Economical
E -> Environmental
P -> Political
L -> Legal
E -> Ethical
What are the four growth strategies?
Market Penetration, Product Development, Market Development, Diversification
2 advantages and 2 disadvantages about CSR
advantages: 1) Improved image and reputation as a socially responsible company. 2)Socially responsible behavior leads to better relation with workers, suppliers, customers, and community. 3)Best-motivated employees and stakeholders may prefer to work and be associated with the business. Disadvantages: 1)Increased short-run costs for anti-pollution equipment, increased worker wage and promptly paying suppliers. 2)Loss of cost and price competitiveness if rival businesses do not accept social responsibilities. 3)During economic recession, customers might not care about socially responsible products over low prices.
High unit cost is a ____
New international market is a _____
Low unit cost is a_____
Changes in the law is a _____
Weakness
Opportunity
Strength
Threat
Which is better when you're going to make a strategic decision, SWOT or STEEPLE?
none, both complement each other
Who was the ansoff matrix named after?
Igor ansoff