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\nFactors Affecting Business Decision Making\n

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\nThis video lecture explores the factors that influence the decision-making process of businesses, including their mission statement, business objectives, ethics, external environment, and constraints. Real-world examples from companies...\nThis video lecture explores the factors that influence the decision-making process of businesses, including their mission statement, business objectives, ethics, external environment, and constraints. Real-world examples from companies like the BBC and Tesla are used to illustrate how these factors shape decisions in different industries. The video emphasizes the importance of gathering data from all channels of the business and using different approaches to weigh the potential risks and rewards of a decision. The video also highlights that even with a complete framework and process, making the right decision is never guaranteed.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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11:37
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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business, factors, pressure
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Additional Tags

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a-level, section, quant, methods, 1.1.2, affecting, decision, making, mission statement, wage bill, program content, bring forward, discount stores, sporting event, football club, lecture video, increasing pressure, sporting clubs, wider market, profitable decision, scheduling decisions, business objectives, business affect, firms make, businesses make, club, clubs, objectives, affect, market, potentially, world, businesses, greater
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Classroom Considerations

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Best For: Explaining a topic
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Factors Affecting Business Decision Making\" href=\"/subscription/new\">\"Factors\n\n
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