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BUSS1002 Week 3-4 Lec Notes

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The aims of BUSS1002 are to: Develop an understanding of the external environment of business through an analysis of the opportunities and threats (risks) presented by the economic, political and regulatory, socio- cultural, and technological environments.

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8 Pages Partial Study Notes > 2 Years old
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BUSS1002 Week 3-4 Lec Notes
Topics this document covers:
Economy Economics Inflation Monetary policy Unemployment Fiscal policy Hyperinflation Central bank AP Macroeconomics Macroeconomics
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Economy Economics Inflation Monetary policy Unemployment Fiscal policy Hyperinflation Central bank AP Macroeconomics Macroeconomics
Sample Text:
’ 2. Short-termism a. ‘Decisions and outcomes that pursue a course of action that is best for the short- term but suboptimal over the long run.’ 3. Why is business sustainability important a. World population growth b. Electricity consumption c. World GDP 4. Sustainability – definitions a. ‘Development that meets the needs of the present without compromising the ability of future generations to meet their own needs’. b. ‘Business sustainability is the ability of firms to respond to their short term needs without compromising their (or others’) ability to meet their future needs’. 5. Short-termism study a. Graham et al (2005) in a land mark study which involved 400 executives found th...
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