ACCTG 1 Lecture Notes - Lecture 12: Organizational Culture, Variable Cost, Organizational Learning
Document Summary
Chapter 7: adding value to the business model: your values. Values: are core beliefs, values set for the business set expectations regarding how you operate and treat people, may well have an ethical dimension shared values form a bond that binds the organization together aligning and motivating people. Vision: shared mental image of a desired future state an idea of what the enterprise might become. Kosoryuko: japanese word to describe what is needed to develop entrepreneurial strategy in an uncertain environment, means something that combines vision" with the notion of concept" and. Important thing is that all the elements that contribute to the brand image are consistent: corporate social responsibility. Three commercial benefits of a strong csr policy. Pricing is a question of judgement: minimum short-term price is set by the variable cost, long term viability is set by the full-cost price. To make a profit, the average value-to-customer price needs to be above this.
