This assignment covers chapter 11, Corporate Performance, Governance, Business ethics, and chapter 12, Implementing Strategy in Companies that compete in single and multiple industries.
– Define stockholders and stakeholders. What is the difference between the two? How companies distinguish stakeholders.
– What process does a company adopt to go through to and respond to stakeholder’s concerns? What are the steps in the process?
– What is the agency problem? What are the governance mechanisms that can be Putin to guard against this problem?
– Describe internal controls and strategies that can be implemented to ensure ethical behavior within a company. Why internal controls to maintain ethical concerns are important?
Chapter 12 Questions:
1. How can organizational design contribute to competitive advantage? What elements in organizational design are important?
2. Describe how a strong organizational culture leads to transparency, ethics and competitive advantage within a company.
3. How do corporations develop strategic plans for single or multi-divisional structures? What are some advantages and problems in implementing a mult-divisional structure.
4. How do companies implement strategies at a global level? What organizational structures help them develop a competitive advantage?