Explain the concept of “stakeholder management.” Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders?
Chapter 1-Explain the concept of “stakeholder management.” Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders?- What is “corporate governance”? What are its three key elements and how can it be improved?-A company focuses solely on short-term profits to provide the greatest return to the owners of the business (i.e., the shareholders in a publicly held firm). What ethical issues could this raise?- Why do firms need to have a greater strategic management perspective and empowerment in the strategic management process throughout the organization? Chapter 4-Why is it important for managers to recognize the interdependence in the attraction, development, and retention of talented professionals?- Discuss the need for managers to use social capital in leveraging their human capital both within and across their firm.-Discuss the key role of technology in leveraging knowledge and human capital. -What is the importance of Intellectual Property Rights?
