Unit 1; Introduction to BM

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Across
  1. 3. Method of stakeholder conflict resolution with all stakeholder groups in conflict agreeing to accept the decision or judgment of the independent arbitrator.
  2. 8. The individuals or organizations that actually use a product.
  3. 10. The individuals or organizations that purchase a product.
  4. 11. This is an organization’s decisions and actions that impact society in a positive way.
  5. 12. The various long-term plans of action and approaches used by a business to achieve its goals.
  6. 14. The individuals who take risks in overseeing a business organization or business venture, usually in pursuit of profit.
  7. 17. The business function referring to the process of making goods and providing services from the available resources of a business to meet the needs and wants of its customers.
  8. 18. An inspiring declaration of what an organization ultimately strives to be, or to achieve, in the distant future.
  9. 19. This refers to any business organisation that is owned by its shareholders, who have limited liability. They comprise of privately held companies and publicly held companies.
  10. 20. This growth strategy involves the right to trade using another company’s products, brand name and corporate logo.
Down
  1. 1. The short-term methods, often on a daily basis, used to implement business strategy.
  2. 2. occurs when a company buys a controlling interest in another firm without the prior agreement or approval of the target company’s Board of Directors.
  3. 4. These are the clearly defined targets of a business in order to achieve its aims.
  4. 5. a legal difference between the owners of a company (the shareholders) and the business entity itself. This ensures that the owners are protected by limited liability.
  5. 6. The process of creating goods and/or services using the factors of production available to the business.
  6. 7. Business activity involving the creation or sharing of knowledge and information.
  7. 9. Business function of identifying the needs and wants of customers so that the organization can provide goods and services to meet these requirements and desires, usually in a profitable way.
  8. 13. These are for-profit social enterprises owned and run by their members (usually employees, managers or customers). Their primary goal is to create value for their member-owners.
  9. 15. A kind of integration that occurs when an acquisition or takeover occurs between two companies operating in different industries.
  10. 16. These are moral guidelines or codes of practice which govern good organizational behaviour.