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Changes to corporate objectives
Why might an organisation change its objectives?
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Corporate culture The accepted norms and customs of a business - ‘the way we do things round here’.
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Age of organisation Newer businesses often focus on survival.
Older firms may focus on growth and gaining market share.
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Availability of finance
More money available - more ambitious objectives.
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Risk profiles of key stakeholders
Higher risk - more ambitious objectives.
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Ownership PLC vs Ltd? Public vs private?
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State of the economy Objectives will change as economies move from booms to slumps and back again.
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Government legislation
New laws might affect what a company is planning to do.
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Pressure groups Can force businesses to re-consider their objectives.
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