Stakeholders, Managers, and Ethics
17 important questions on Stakeholders, Managers, and Ethics
How do you call people who have an interest, claim, or stake in an organization, in what it does, and in how well it performs?
How do you call rewards such as money, power, and organizational status?
How do you call the skills, knowledge, and expertise that organizations require of their members during task performance?
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What are the three inside stakeholders?
- Shareholders
- Managers
- Workforce
What are the five outside stakeholders?
- Customers
- Suppliers
- Government
- Unions
- Community
How do you call the power to hold people accountable for their actions and to make decisions concerning the use of organizational resources?
How do you call the system of hierarchical reporting relationships in an organization?
How do you call managers who have direct responsibility for the production of goods and services?
How do you call managers who are in charge of a specific organizational function such as sales or R&D?
How do you call a group of managers who report to the CEO and COO and help the CEO set the company's strategy and its long-term goals and objectives?
How do you call the members of the topmanagement team whose responsibility is to set strategy for the corporation as a whole?
How do you call managers who set policy only for the division they head?
How do you call managers who are responsible for developing the functional skills and capabilities that collectively provide the core competences that give the organization its competitive advantage?
The Moral Hazard Problem
When these two conditions exist and (1) a principal finds it very difficult to evaluate how well the agent has performed because the agent possesses an information advantage, and (2) the agent has incentive to pursue goals and objectives that are different from the principal’s a moral hazard problem exists.
How do you call monetary rewards in the form of stocks or stock options that are linked to the company's performance?
How do you call the quandary people experience when they must decide whether or not they should act in a way that benefits someone else, even if it harms others and isn't in their own interest?
How do you call moral principles or beliefs about what is right or wrong?
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