unit1 : voc 4

business objective

a stated measurable target that a business plans to achieve

corporate sociale responsibility

when businesses consider the interest of society by taking responsibility for the impact of their decisions

pressure group

organisations created by people with a common interest or aim , who put pressure on businesses and governments to change policies so that an objective is reached

triple bottom line

the three objectuves of social entreprises : economic , social and environmental

smart objectives

aims that are specific , measurable , achievable , realistic and time-limited

business aim

a long-term goal that a business hopes to achieve

mission statement

a brief statement of the business’s core aims , phrased in a way to motivate employees and to stimulate interest from outside groups

annual report

a document that gives details of a company’s activities over the year , including its financial accounts

business strategy

a long term plan of action for a business , designed to achieve a particular objective

tactic

a short term action as part of an overall strategy

target

a short term goal that must be reached before an overall objective can be achieved

budget

a detailed financial plan for the future

ethical code

a document detailing a company’s rules and guidelines on staff behaviour that must be followed by al employees