(B) major financing activities. Log in for more information. Typically involve the participation of the concerned stakeholder groups. Responsive Processes The responsiveness of the organization as a whole to stakeholder intelligence consists of the initiatives that the firm adopts to ensure that it abides by or exceeds stakeholder expectations and has a positive impact on stakeholder issues. D)feedback from special-interest groups. Quantitative credibility is needed if it is considered an important corporate concern. Questio n 18 0.25 / 0.25 points A stakeholder orientation is not complete unless it includes marketing. E)activities that actually address stakeholder So, you want to start this process as soon as the project charter has been created. If stakeholder theory does not give any primacy to one stake holder over another , there will be times when some groups wi ll benefit at the expense of others. b. major financing activities. These groups are influenced by business, but they also have the ability to influence businesses. A stakeholder orientation is not complete unless it includes 8. A stakeholder orientation is not complete unless it includes. This general definition will then be used to evaluate current practices and to select concrete social responsibility initiatives. A stakeholder orientation involves “activities and processes within a system of social institutions that facilitate and maintain value through exchange relationships with multiple stakeholders. A good place to start figuring out who your stakeholders are is by reviewing the project charter, which documents the reason for the project and appoints the project manager. A factor in the consumers’ perceptions of product attributes and corporate image features that lead to consumer willingness to purchase goods and services at profitable prices. Step 1: Read the instructions to understand what is required You are responsible for reading the instructions below prior to starting the exam to understanding the requirements and expectations of completing the exam. ANS: Pages 43-44 PTS: 1 45. Assume legal responsibility for the firm’s resources and decisions, and they appoint its top executive officers. The correlation between corporate governance orientation (i.e. e. activities that actually address stakeholder issues. d. feedback from special-interest b. major financing activities. A notion of capitalism that reemphasizes stakeholder concerns and issues. Provides incentives for developing an ethical culture and efforts to prevent misconduct. As investor perceptions and decisions begin to take their toll, shareholder value will drop, exposing the company to consumer scrutiny that can increase the damage. Two major approaches: How closely workplace decisions are aligned with a firm’s stated strategic direction and its compliance with ethical and legal considerations. 8. finance. Begins with identifying the stakeholders that are relevant to the firm. Responsiveness processes may involve … Introducing Cram Folders! Many important issues gain visibility because key constituencies such as con-sumer groups, regulators, or the media express an interest. Stakeholder definition is - a person entrusted with the stakes of bettors. In his influential book Strategic Management: A Stakeholder Approach (1984), he defines a stakeholder as: 'any group or individual who can affect or is affected by the achievement of the organization's objectives' ().I agree that a wider definition is preferable, but not just for ethical reasons. Questio n 18 0.25 / 0.25 points A stakeholder orientation is not complete unless it includes marketing. A stakeholder orientation is not complete unless it includes a. clear accounting procedures. Governance also provides mechanisms for identifying risks and for planning for recovery when mistakes or problems occur. Managers, for example, may have motivations beyond stockholder value, such as market share, personal compensation, or attachment to particular products and projects. A nonprofit organization with less ties to business interest. e. activities that actually address stakeholder e. activities that actually address stakeholder issues. C. marketing. Although a company has a responsibility for economic success and viability to satisfy its stockholders, it also must answer to other stakeholders with which it interacts. c. marketing strategy. Assessing the corporate culture e. Assessing organizational commitment to social responsibility ANS: D PTS: 1 REF: p. 49 43. Managers act as agents for investors, whose primary goal is increasing the value of the stock they own. Four interrelated dimensions: strong sustained economic performance, rigorous compliance, ethical actions beyond what the law requires, and voluntary contributions that advance the reputation and stakeholder commitment of the organization. A stakeholder orientation involves “activities and processes within a system of social institutions that facilitate and maintain value through exchange relationships with multiple stakeholders. Responsive Processes The responsiveness of the organization as a whole to stakeholder intelligence consists of the initiatives that the firm adopts to ensure that it abides by or exceeds stakeholder expectations and has a positive impact on stakeholder issues. A stakeholder orientation is not complete unless it includes activities that address stakeholder issues. Most boards spend more time deciding how much to compensate top executives than they do ensuring the integrity of the company’s financial reporting systems. Conditions for collaboration exist when problems are so complex that multiple stakeholders are required to resolve the issue and the weaknesses of adversarial approaches are understood. E)activities that actually address stakeholder QUESTION TYPE: Essay. Businesses are also expected to obey all laws and regulations. Board members assume ultimate authority for their organization’s effectiveness and subsequent performance. REFERENCES: p. 32-33, figure 2-2. , image, and brands are more important than ever and are among the critical. Assume legal responsibility for the shareholders users are the stakeholder-type of people who will use the course to... Then the project charter has been a major requirement for effective, efficient, and can. Personal gains from the project charter has been created practices and to select social... Critical to a firm ’ s reputation both from investor confidence and consumer.. 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2020 a stakeholder orientation is not complete unless it includes