IB Business Management: CUEGIS concepts

STUDY
PLAY
Change
The adaptation of business objectives, strategies and operations to accommodate changes, both internal and external, within the dynamic business environment
Culture
Ideas, customs and social behaviour derived from different values and backgrounds that influence stakeholder motivations and decisions
Ethics
The socially accepted moral principles that govern behaviour and decision-making
Globalisation
The increase in cross-border trade and the gradual development towards a unified, integrated and international market
Innovation
The introduction and implementation (commercial pioneering) of new, radical and improved products, processes or ideas
Strategy
Significant long-term planning decisions that organisations make in order to meet the needs and wants of their stakeholders