Social and technological change Key Terms

business change

business change is a Business concept used to analyse Analyse the impact of social and technological change on strategic and functional decision making.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

Social responsibility and technology

Social responsibility and technology should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

analyse

analyse affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

impact

impact has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

social

social becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.

business change

business change is a Business concept used to analyse Evaluate CSR, stakeholder versus shareholder concepts, Carroll's CSR pyramid and pressures for socially responsible behaviour.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

Social responsibility and technology

Social responsibility and technology should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

CSR

CSR affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

Carroll

Carroll has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

business change decision

business change decision becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.