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Business Management Essentials: Mission, Vision, and Stakeholders

Learn about defining a company's mission and vision, conducting a MOST analysis, identifying core competencies, engaging stakeholders, and creating effective mission statements. Discover the importance of ethical behavior, developing ethical policies, corporate social responsibility (CSR), and social auditing in business.

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Business Management Essentials: Mission, Vision, and Stakeholders

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  1. IB Business Micro Exam (2) Tuesday 14th September: • Draw Hierarchy of Objectives Flow Chart for Business • Explain the difference between a mission and vision statement • MOST Analysis • What do we mean by Core Competences? • Explain the difference between Internal & External Stakeholders • Three Main Elements of a Mission Statement • 4 Steps in a Creating a Successful Mission Statement. • Create a new mission statement for a company from a choice of 4 companies.

  2. IB Business Micro Exam (2)Tuesday 14th September • What do we mean by ethical behaviour? • Steps in Developing an Ethical Policy (Slide 17) • Explain in a paragraph response CSR (Slides 27, 28, 29) (10 marks) • What is social auditing?

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