Bus Unit 1 Firms

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Across
  1. 1. An inspiring declaration of what an organization ultimately strives to be, or to achieve, in the distant future.
  2. 4. Business that operates in two or more countries or is legally registered in more than one country.
  3. 5. Moral guidelines or codes of practice which govern good organizational behaviour
  4. 7. A management tool used to analyse the factors in the external business environment that impact on business operations, i.e. social, technological, economic, ethical, political, legal, and environmental factors.
  5. 9. Short-term methods, often on a daily basis, used to implement business strategy.
  6. 11. Also referred to as hostile takeover) 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
  7. 15. Growth strategy in the Ansoff matrix, which involves a business launching new products in new markets, such as Honda (motor vehicles) manufacturing lawnmowers and jet planes.
  8. 16. People hired to be responsible for overseeing certain functions, operations, or departments within an organization.
  9. 17. Succinct and motivating declaration of an organization’s purpose of existence, who they are, and what they do.
  10. 18. Firm’s rivals, which operate in the same industry and contest for the same customers.
Down
  1. 2. A strategic analysis tool that allows managers to assess the current situation facing an organization, including both internal factors and the external business environments.
  2. 3. An external growth method that involves two or more organizations agreeing to create a new business entity, usually for a finite period of time
  3. 6. Individuals, organizations, or groups with a vested interest in the actions and outcomes of a specific organization. They are directly affected by the performance of the business.
  4. 8. Long-term plans of action and approaches used by a business to achieve its goals.
  5. 10. Growth strategy that involves the right to trade using another company’s products, brand name and corporate logo.
  6. 12. Basic necessities that an individual must have in order to survive, such as food, water, and shelter
  7. 13. Decision-making organization established to produce goods and/or provide services
  8. 14. Group of senior managers who run a company on behalf of the owners of the company.
  9. 18. 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.