BUS 201 Study Guide - Final Guide: Financial Plan, Fixed Cost, Swot Analysis
8 Dec 2016
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Csr stakeholders model: company should be driven by interest of all stakeholders, not just the stockholders. Triple bottom line: many organizations have adopted the tbl framework to evaluate their performance in a broader perspective to create greater business value. Sustainable strategies must be: economic: growth, revenue, profit margins, social: employee welfare and fair trade, environment: consumption, land use and management. Opportunities: trends that affect your market (changes in technology, government policy, or social patterns) Bargaining power of suppliers: influenced by number of substitute inputs or firms available, if there are few substitutes, suppliers have more power. Bargaining power of consumers: when there are few buyers but many sellers (substitutes), buyers have a lot of bargaining power. If switching cost between brands,suppliers or product is low, buyers have more power. Total fixed cost (rent, production cost, employee salary) / (price - variable costs) = break even point in units.
