1. IB Business & Management Topic 1 – Business Organisation and Environment

2. Learning Objectives HL – Evaluate the need for firms to change objectives over time HL – Discuss why a firm’s view of its social responsibilities and its strategies towards them may change over time

3. Changing Business Objectives Changes will be in response to internal factors and external factors Objectives need to be flexible enough to be adapted to internal and external change but shouldn’t be changed too drastically Need to look at the costs and benefits of changing

4. Changes in Corporate Social Responsibility Attitudes have changed over time Main reasons for changing corporate approaches are because of: – Increasing publicity from international pressure groups – Global concern of climate change – Legal changes This leads to changes in corporate strategies