Edexcel Business A Level Revision

Tactical decision - A short-term response by a business to opportunities or threats. Strategic decision - A long-term plan of action to achieve business aims and objectives Strategic decisions on human resources may include long term plans to build up a workforce, for example hiring more staff to build cars on a production line. This scenario would impact on both the physical and financial resources of the business as it is likely it would have to invest in new machinery (physical) and train and house the new employees to ensure they were productive (financial). All this takes a great deal of planning and time, so cannot be easily reversed.

Chain of command - sets out the levels of authority for giving and taking instructions within an organisation. The chain of command enable information and decisions to be passed through the organisation, from those making decisions to those affected by them. Each individual will have links and responsibilities to others both above and below in the hierarchy. Tall hierarchies will have a long chain of command. Flat hierarchies will have a short chain of command The person at the top of the hierarchy is in charge of everyone. The middle row are next in line of authority and in turn Brenda is in charge of the 2 people below her on the bottom row.