What position does Michael Porter take when describing Shared Value? How does this differ from the position of Milton Friedman?
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In this unit, we address the topics of structure and governance. Let’s address a very important topic from Chapter 12: Creating Shared Value. What position does Michael Porter take when describing Shared Value? How does this differ from the position of Milton Friedman?
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- The SituationYou work for a growing company, which thus far has operated only in the United States and Canada. Its board has just approve a plan to expand operations in two locations in the world whose local populations are overwhelmingly Hindu. The company management knows nothing about Hinduism, except perhaps for a few stereotypes. The company plans to hire most of its staff locally, so it needs basic information about Hinduism so that it can conduct advertising, human resources, and other aspects of its operations without offending cultural sensibilities.Your TaskYou work in the accounting department, but because you have a degree in religious studies, the companyâs management has asked you to prepare a brief report on certain aspects of Hinduism. It will use your report as the basis for determining a plan for further study. Your report, therefore, should be clear and specific about religion However, it need not and should not concern itself with details about how…2-4. What is the difference between an organization’s business and its goals?How diverse is the Board and Management team at BMW ?
- Differentiate between primary and secondary social and nonsocial stakeholders in a business situation. Give examples of each. What are the five key questions that must be answered for stakeholder management to be successful? What are the three levels of stakeholder engagement that a company might use? Explain each.Explain in your words the concept of knowledge management.How is knowledge management different from intellectual capital management?Development: Of the 18 models for knowledge management that have been presented throughout history, select three (3) models that most appeal to you. For each model selected: Explain what the model is about and how it affects the management of organizational knowledge or intellectual capital.Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal. Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns). Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values. Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal. Construct one question related to shareholder wealth maximization goals.
- Recent corporate governance reforms in various countries urge (and often require) firms to add more outside directors to their boards and separate the jobs of board chairman and CEO. Yet, academic research has not been able to conclusively support the merits of both practices. Why?Establishing and enforcing a meaningful code of ethics is an important action that firms take when using the strategic management process. What would be some of actions to support an ethical organization culture?2-1. What is the difference between a for-profit and a nonprofit organization?
- 4:41 ■ill 5G Your life today would probably be very differ- ent if it weren't for entrepreneurs-past and present. What if Steve Jobs had decided to become a dentist, or Jeff Bezos had taken a job as an accountant instead of founding Amazon? In the same way that entrepreneurs have shaped our past, there are those out there shaping our future. In this written assignment, you will research an entrepreneur who is influencing not just the world you live in today but also the world you will live in tomorrow. Your Task 1. Select an individual from the list below as the subject of your paper: a. Reid Hoffman b. Elon Musk c. Drew Houston d. Sara Blakely e. David Karp f. Jack Dorsey g. Sergey Brin courses.lumenlearning.comExplain with the help of an example that demonstrates how relationships management interfaces with technology and know management ?What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been? The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate insider wants to buy or sell shares in the firm where he or she works?