Agribusiness

External Factors

factors beyond the business that influence the decisions the business makes.

strategic decisions

decision that determine the general course of action the business will take to meet its aims and objectives and the resources and people to be allocated to carrying out these actions

Characteristics of Strategic decisions

-long term in nature

• are made by senior management

• implement to improve outcomes such as profit , return on investment

What are the 4 aspect of the quadurble botton line

Economic sustainability

Environmental sustainability

Social sustainability

Cultural sustainability

Sustainability

meeting needs of people today without having an adverse impact on the needs of people tomorrow

Economic sustainability

using resoruces to provide nessary and esirable products and serives for present generation without compromising the ablity of future generations of company employees to do the same

advantages of working economically sustainable

being able to pay competive wages and attract and keep high qulaity employees

satisfying needs in the market that other cannot - getting a competive advantage