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Management
12th Edition
ISBN: 9781305393462
Author: DAFT, Richard L.
Publisher: South-Western College Pub
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Question
Chapter 5, Problem 9DQ
Summary Introduction
To determine:
If it is appropriate for management to define some stake holders as more important than other and whether all stake holders should be considered as equally important.
Concept Introduction:
The individuals or groups that are likely to affect or be affected by a proposed action of the organization are called as stake holders. The systematic approach that defines the primary stake holders like employees, customers, share holders, environment, government etc and identifying such key members is referred to as stake holder mapping.
Management needs to look from different angles like their potential threat, their interest, the influencing factors etc so as to define the key stake holders.
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Students have asked these similar questions
What are the ethical considerations that managers should be aware of in their decision-making processes, and how can they promote ethical behavior within their organizations?
Discuss briefly why ethical decision- making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.
why ethical decision-making is essential in an organization and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.
Chapter 5 Solutions
Management
Ch. 5 - Prob. 1OTJVCCh. 5 - Prob. 2OTJVCCh. 5 - Prob. 3OTJVCCh. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQ
Ch. 5 - Prob. 8DQCh. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 1EECh. 5 - Prob. 2EECh. 5 - Prob. 3EECh. 5 - Prob. 4EECh. 5 - Prob. 5EECh. 5 - Prob. 6EECh. 5 - Prob. 7EECh. 5 - Prob. 8EECh. 5 - Prob. 9EECh. 5 - Prob. 10EECh. 5 - Prob. 1SGBCh. 5 - Prob. 1EDCh. 5 - Prob. 2EDCh. 5 - Prob. 3EDCh. 5 - Prob. 1CFCACh. 5 - Prob. 2CFCACh. 5 - Prob. 3CFCA
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- Discuss why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.arrow_forwardWhat are the ethical considerations that managers need to keep in mind when coordinating activities across different organizational units or with external stakeholders?arrow_forwardDiscuss briefly why ethical decision-making is essential in an organization.arrow_forward
- 1. why ethical decision-making is essential in an organization, 2. what are the possible effects that ethical violations/unethical behaviors can have on the organization and its stakeholders.arrow_forwardList the four functions of management, and how these results in an efficient and productive organization. How does the four functions of Management satisfy stakeholders needs ?arrow_forwardessay about why Unilever's Corporate Social Responsibility and Stakeholders should engage with the stakeholder. Discuss the following points in your essay: define the concept of stakeholder engagement. Outline why Unilever's Corporate Social Responsibility and Stakeholders should engage with the stakeholders. with referencearrow_forward
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