Ways Businesses Adapt to Challenges of the Business Environments (Grade 11 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Information management
Information management
Systems to collect, store & use information effectively
Strategic responses
Strategic responses
Plans to deal with challenges from inside & outside company
Strategic responses: proactive or reactive?
Strategic responses: proactive or reactive?
Proactive rather than just reacting to problems
Merger
Merger
Two companies voluntarily join together to become one
Takeover
Takeover
One business gains control by owning >50% of another's shares
Acquisition
Acquisition
One company buys another at an agreed price
Alliance
Alliance
Partnership between businesses that remain separate companies
Organisational design
Organisational design
How a business structures itself & communicates its culture
Environmental responsibility benefits
Environmental responsibility benefits
Customer preference, motivated employees, community support
CSI programmes
CSI programmes
Corporate Social Investment to improve communities