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Aice Business Chapter 4
Terms in this set (7)
What motivates you to continue your mission. It is long term.
Statements of specific outcomes that are to be achieved in a specific time frame.
Help to direct, control, and review the success of business activity.
(Set at various levels, take different forms, must be SMART)
Long term goals or visions that a firm hopes to achieve.
A statement of the business's core aims, phrased in a way to motivate employees and to stimulate interest by outside groups.
This concept applies to those businesses that consider the interests of society by taking responsibility for the impact of their decisions and activities on customers, employees, communities, and the environment.
Corporate social responsibility
A method of coordinating and motivating all staff in an organization by dividing its overall aim into specific targets for each department, manager, and employee.
Management by objectives
A document detailing a company's rules and guidelines on staff behavior that must be followed by all employees.
Ethical code (code of conduct)
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