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Definition
| The general long-term goals of an organization. |
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| The short term and more specific goals of an organization, based on its aims. |
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| The term used to refer to any plan or scheme to achieve the long-term aims of a business. |
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Definition
| The short-term ways that firms can use to achieve their aims and objectives. |
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Term
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Definition
| The day-to-day methods used to improve the efficiency of an organization (are aimed at trying to achieve the tactical objectives of a business) |
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Definition
| The methods that affect the business as a whole. |
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Term
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Definition
| The methods that are aimed at the long-term objectives of a business (used to achieve the strategic objectives of an organization) |
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Term
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Definition
| Short-term objectives that affect a segment of the organization, such as a department. |
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Term
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Definition
| Longer-term aims of a business organization. |
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Term
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Definition
| The extent to which a firm has presence in the marketplace. |
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Definition
| The moral principles that guide decision-making and strategy. |
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Term
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Definition
| What is considered right or wrong, from a society's point of view. |
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Definition
| The documented beliefs and philosophies of a business. |
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Definition
| When ethical decision-making involves adopting a less profitable course of action. |
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Term
| Corporate social responsibilities |
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Definition
| A business's social responsibilities to act morally towards their stakeholders. |
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Term
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Definition
| An economist's belief that the role of businesses is to generate profits for their owners. |
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Term
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Definition
| To act in a humanitarian and unselfish manner (opposite of free-market) |
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Definition
| The thought that businesses ought to be socially responsible only if such actions help the business to become more profitable. |
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Term
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Definition
| An independent assessment of how a firm's actions affect society. |
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Term
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Definition
| An independent review of a firm's activities that examines only the impacts on the environment. |
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