Non-financial factors
Business decisions require far more than financial analysis alone. This lesson explores the critical non-financial factors—including inflation, supplier relationships, feasibility, employee considerations, and competitor actions—that shape strategic choices and long-term profitability. Understanding how qualitative elements such as political, legal, and ethical considerations integrate with financial data enables more robust and sustainable decision-making.
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In this lesson
- 0:00 Introduction to Non-Financial Factors
- 0:09 Relevant Costing Assumptions
- 1:35 Qualitative Factors Overview
- 1:44 Inflation Impact
- 2:35 Supplier and Customer Considerations
- 3:46 Feasibility, Flexibility, and Timing
- 5:20 Employee Considerations
- 6:01 Competitor Influence
- 6:57 Cash Availability
- 8:10 Political, Legal, and Ethical Factors
- 8:51 Lesson Recap
About this lesson
Unlock the secrets of navigating non-financial factors in business decisions with this insightful video. From understanding the impact of inflation on long-term contracts to the importance of supplier and customer relationships, feasibility, flexibility, timing, employee considerations, and competitor actions, this video covers it all. Learn how qualitative factors such as political, legal, and ethical considerations can influence your business strategy. Watch now to gain a comprehensive view of how to integrate these critical elements into your decision-making process for maximised profit and strategic advantage.
Duration: 11m
- Qualitative factors in decision-making
- Inflation and long-term contract impact
- Supplier and customer relationship management
- Feasibility, flexibility, and timing considerations
- Employee and competitor influence
- Political, legal, and ethical factors
Transcript
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