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Influences on Corporate Objectives (Internal influences (Organisational…
Influences on Corporate Objectives
External influences
Political/legal environment
Impact of uncertainty about changes
Competitors
How their actions affect business confidence
Economic environment
Perspective on economic indicators
Growth
Interest
Consumer spending
Social and technological change
How rapid is it in market
Does this aid or hurt decisions/objectives
Short termism
External investor pressures to focus on short term at expense of long term strategy
Internal influences
Organisational culture
Structure
How are objectives set and decisions made
Leadership
How strong is influence
Ethical stance
Does ethics play a role in decisions
Strategic position and resources
Realistic options based on market position and resources
Attitude to profit
Not for profit or for profit
Stakeholder influence
How influential are internal stakeholders
Business ownership
Who
What do they want