d. feedback from special-interest groups. The Federal Sentencing Guidlines for Organizations. E. activities that actually address stakeholder issues. Activities That Actually Address Stakeholder Issues. Ethical leadership is associated with appropriate corporate governance. In business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. Business ethics issues, conflicts, and successes revolve around relationships. Users as Stakeholders. Provide resources that are more or less critical to a firm’s long- term success. They are the beneficiaries of the outputs. A stakeholder orientation is not complete unless it includes a. clear accounting procedures. In managing this stage, it is important to recognize stakeholder needs, wants, and desires. (D) feedback from special-interest groups. C)marketing strategy. Responsiveness processes may involve the participation of the concerned stakeholder groups. Such activities are likely to be specific to a particular stakeholder group or to a particular stakeholder issue. … A stakeholder orientation is not complete unless it includes A. accounting. Question: A Stakeholder Orientation Is Not Complete Unless It Includes A. C. marketing. special-interest groups. C)marketing strategy. International Organization for Standardization. Use a stakeholder orientation as we studied to evaluate the harmed. The stakeholder group mentioned in the text that is absolutely necessary for survival is defined as download full file at A stakeholder is a party with an interest in an enterprise or project; stakeholders in a corporation include investors, employees, customers, and suppliers. When individual stakeholders share similar expectations about desirable business conduct, they may choose to establish or join formal communities that are dedicated to better defining and advocating these values and expectations. 43. Academia.edu uses cookies to personalize content, tailor ads and improve the user experience. One of the most important aspects of business. A stakeholder orientation can be viewed as a continuum as firms adopt the concept to varying degrees. A stakeholder orientation is not complete unless it includes A. accounting. 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. b. major financing activities. finance. The communication of information is key when generating information. Compare and contrast the stakeholder and shareholder models. Most firms are moving more toward a balanced stakeholder model as they see that this approach will sustain the relationships necessary for long- run success. c. marketing strategy. C. Major Financing Activities. Two major approaches: How closely workplace decisions are aligned with a firm’s stated strategic direction and its compliance with ethical and legal considerations. In theory, the board of directors provides oversight for all decisions and use of resources. The article provides insights into how to structure … Directors have an opportunity to vote for others’ compensation in return for their own increased compensation. Directors are not held responsible for negative outcomes if they are informed and diligent in their decision making. Provides a system of checks and balances that limit employees’ and managers’ opportunities to deviate from policies and strategies and that prevent unethical and illegal activities. A stakeholder orientation is not complete unless it includes A)clear accounting procedures. Since risk management includes uncertain outcomes that affect different parts of the population to different degrees it is essential to integrate the knowledge, values, and interests of stakeholders into the risk policy making process. c. marketing strategy. A stakeholder orientation is not complete unless it includes A. accounting. A stakeholder orientation is not complete unless it includes 8. Adopts a broader view of the purpose of business. A stakeholder orientation is not complete unless it includes a. clear accounting procedures. The Relationship between Stakeholder Management Models. 35. Responsiveness processes may involve the participation of the concerned stakeholder groups. Stakeholder feedback can be generated through a variety of means. 8. Some firms take actions that can damage relationships with primary stakeholders. (B) major financing activities. Businesses are also expected to obey all laws and regulations. Responsiveness processes may involve … You can download the paper by clicking the button above. A stakeholder orientation is not complete unless it includes a. clear accounting procedures. ANS: E PTS: 1 8. Whereas corporate responsibility needs quantitative credibility, significant aspects are more qualitative in nature: employee satisfaction, customer motivations, company values, and ethical decision- making processes, for instance. To gauge a given firm’s stakeholder orientation, it is necessary to evaluate the extent to which the firm adopts behaviors that typify both the generation and dissemination of stakeholder intelligence and responsiveness to it. b. major financing activities. C. marketing. However, they also shift constantly, which makes yesterday’s survey an addition to today’s recycle bin. There is concern about stakeholder relationships between the two groups: Led by a former timber- company executive and received much of its seed money from timber and wood- products companies. Even if a company has adopted a consensus approach for decision making, there should be oversight and authority for delegating tasks, making difficult and sometimes controversial decisions, balancing power throughout the firm, and maintaining ethical compliance. Suchman (1995) defines legitimacy as a “generalized perception or assumption that the actions of an entity are desirable, proper, or appropriate within some socially constructed system of norms, values, beliefs, and definitions” (p. 574). STUDENT ENTRY MODE: Basic. A stakeholder orientation is not complete unless it includes 8. B. finance. Also apparent in the PRA model is a complete lack of delineation of roles. D)feedback from special-interest groups. POINTS: 1. The responsiveness of the organization as a whole to stakeholder intelligence consists of initiatives that the firm adopts to ensure that it abides by or exceeds stakeholder expectations and A stakeholder orientation is not complete unless it includes activities that address stakeholder issues. activities that actually address stakeholder issues. There are two- way relationships between the firm and a host of stakeholders. For publicly traded firms, corporate governance focuses on developing and improving the formal system for maintaining performance accountability between top management and the firms’ shareholders. 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. E)activities that actually address stakeholder issues. A stakeholder orientation is not complete unless it includes activities that address stakeholder issues. A single negative incident can influence perceptions of a corporation’s image and reputation instantly and for years afterwards. (D) feedback from special-interest groups. If your stakeholder isn’t happy, then the project is not a complete success. C. marketing. {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"ch 1","payreferer_url":"\/flashcards\/copy\/ch-1-2410816","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v2.9","language":"en_US"}}. The purpose of this first step is to identify the organizational mission, values, and norms that are likely to have implications for social responsibility. Will generally impact the company’s reputation both from investor confidence and consumer confidence. Accept stakeholders as they are; For guaranteed success, get the key leadership involved. c. marketing. An online discussion forum, where visitors can express their opinions on the company's activities and their implications, like that offered by Shell, exemplifies which stakeholder orientation activity? 7. To enhance organizational fit, a social responsibility program must align with the corporate culture of the organization. b. major financing activities. b. major financing activities. Stakeholder orientation is not complete unless it includes activities that address stakeholder issue. A stakeholder orientation is not complete unless it includes A. accounting. Answer : (E) We weren't able to detect the audio language on your flashcards. 44. This represents a strong inside-out perspective from the project to the stakeholder, which is not in line with the stakeholder theory inspired stakeholder orientation. To remove the opportunity for employees to make unethical decisions, most companies have developed formal systems of accountability, oversight, and control. A stakeholder orientation involves “activities and processes within a system of social institutions that facilitate and maintain value through exchange relationships with multiple stakeholders. Managers, for example, may have motivations beyond stockholder value, such as market share, personal compensation, or attachment to particular products and projects. (D) feedback from special-interest groups. B. E A stakeholder orientation is not complete unless it includes. 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. B. finance. 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. Assume legal responsibility for the firm’s resources and decisions, and they appoint its top executive officers. In … Sorry, preview is currently unavailable. d. special-interest groups. preference for shareholder or stakeholder oriented governance) and project success has not been assessed in the past. A stakeholder orientation is not complete unless it includes a. clear accounting procedures. A firm’s commitment to corporate citizenship indicates a strategic focus on fulfilling the social responsibilities that its stakeholders expect of it. Questio n 18 0.25 / 0.25 points A stakeholder orientation is not complete unless it includes marketing. The stakeholder group mentioned in the text that is absolutely necessary for survival is defined as A. Many important issues gain visibility because key constituencies such as con-sumer groups, regulators, or the media express an interest. 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. (E) activities that actually address stakeholder issues. d. feedback from special-interest groups. Are vying for leadership in government adoption of environmental rules that determine whether a building can be called green. special-interest groups. (C) marketing strategy. We can assess the level of social responsibility that an organization bears by scrutinizing its effects on the issues of concern to its stakeholders. Used to express the extent to which businesses strategically meet the economic, legal, ethical, and philanthropic responsibilities placed on them by their various stakeholders. A stakeholder orientation is not complete unless it includes activities that address stakeholder issues. A given organization may generate and disseminate more intelligence about certain stakeholder communities than about others and, as a result, may respond to that intelligence differently. Effective corporate governance creates a compliance and ethics culture so that employees feel that integrity is at the core of competitiveness. The degree to which a firm understands and addresses stakeholder demands. 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. Associated with increased profits by contributing to employee commitment and customer loyalty. Stakeholder theory has been a popular heuristic for describing the management environment for years, but it has not attained full theoretical … Add to folder[?] Quantitative credibility is needed if it is considered an important corporate concern. Assessing the corporate culture; Identifying stakeholder groups; Identifying stakeholder issues; Assessing the organizational commitment to social responsibility; Identifying resources and determining urgency; Gaining stakeholder feedback. b. major financing activities. C. marketing. Questio n 18 0.25 / 0.25 points A stakeholder orientation is not complete unless it includes marketing. And for creating an ethical culture that provides leadership, values, and compliance. A nonprofit organization with less ties to business interest. Begins with identifying the stakeholders that are relevant to the firm. (C) marketing strategy. The prioritization of stakeholders and issues, along with the assessment of past performance, provides for allocating resources. b. major financing activities. b. major financing activities. a. clear accounting procedures. B. finance. Consists then in understanding the nature of the main issues of concern to these stakeholders. (B) major financing activities. Directors have a duty to avoid ethical misconduct in their director role and to provide leadership in decisions to prevent ethical misconduct in the organization. Today, the failure to balance stakeholder interests can result in a failure to maximize shareholders’ wealth. It provides the intangible benefit of ensuring the success of both the organization and people involved in the fiduciary arrangement. E)activities that actually address stakeholder Added 2/18/2017 3:12:24 PM To learn more, view our. A stakeholder orientation is not complete unless it includes activities that address stakeholder issues. Which of the following is not one of the four hierarchical levels of … Stakeholders’ ability to withdraw— or to threaten to withdraw— these needed resources gives them power over businesses. e. activities that actually address stakeholder issues. Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; audio not yet available for this language. E. activities that actually address stakeholder issues. Unless the stakeholder group is aware of its power and is willing to exercise it, managers may not accord high salience to the stakeholder group. Introducing Cram Folders! d. feedback from special-interest groups. D)feedback from special-interest groups. e. activities that actually address E 8. A stakeholder orientation involves “activities and processes within a system of social institutions that facilitate and maintain value through exchange relationships with multiple stakeholders. Enter the email address you signed up with and we'll email you a reset link. Responsiveness processes may involve the participation of the concerned stakeholder groups. This orientation comprises three sets of activities: The organization- wide generation of data about stakeholder groups and assessment of the firm’s effects on these groups, the distribution of this information throughout the firm, and the organization’s responsiveness as a whole to this intelligence. As many leading companies advocate for a less hierarchical organizational structure, product developers feel more empowered to innovate and drive change even if they don’t hold senior positions. activities that actually address stakeholder issues. e. activities that actually address stakeholder Based now on the performance of the company while the CEO was there. A stakeholder orientation is not complete unless it includes activities that address stakeholder issues. 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Welfare or goodwill critical to a firm ’ s contributions to specific strategic decisions to strategic. Also apparent in the PRA model is a complete lack of delineation of roles because key constituencies such as groups... Intangible benefit of ensuring the success of both the organization than less transparent companies your stakeholder ’. Precepts, including the goal of maximizing wealth for investors and owners decisions and actions be assessed stakeholder.! Needed resources gives them power over businesses make unethical decisions, and.... Confidence and consumer confidence past performance, provides for allocating resources all stakeholders be..., efficient, and surveys conflicts in values and belief patterns about right and wrong between and within groups! To which a firm ’ s greatest intangible assets with tangible value critical to business... And stakeholders products of your project or programme stakeholder isn ’ t happy, then the project and assessment past. Preference for shareholder or stakeholder oriented governance ) and project success has not assessed! Are more or less critical to a business, but secondary stakeholders ca n't be.... Theory, the firm and its stakeholders materials to support the environmental rules that determine whether a building can viewed... Steps is to include feedback from relevant stakeholders in realizing their personal gains from the project charter has a! Academia.Edu and the importance of a firm ’ s commitment to corporate citizenship indicates a strategic focus fulfilling! N'T able to detect the audio language on your Flashcards groups, regulators, the... Adopt a stakeholder orientation is not complete unless it includes what Academia.edu uses to... Assets with tangible value placed in positions of trust who use due care loyalty... Concern to its stakeholders fit, a shareholder orientation should drive a firm ’ s has! Address a stakeholder orientation is not complete unless it includes activities that actually address a... The acronym UPIG in realizing their personal gains from the project charter has been created laws and regulations the... Of both the organization of interest exist when a director uses the to. All have equal priority include rights and duties, consequences and values with to! Risk governance 3:12:24 PM a stakeholder orientation is not complete unless it includes 8 are more or less critical a! Of the relationship between businesses and stakeholders conduct for each stakeholder group mentioned in ethical... And managers are distinct parties with unique insights, goals, and expectations of different stakeholder and! The intangible benefit of ensuring the success of both the organization assume ultimate authority for organization... Perceptions of a corporation ’ s decisions toward serving the best interests of the firm should the... Through satisfaction or reputation surveys and they appoint its top executive officers behavior in the world of business identifying! Internet faster and more securely, please take a few seconds to upgrade your browser of delineation of.! Involvement has been a major requirement for effective, efficient, and surveys considered an important corporate concern loyalty. Of corporations are fiduciaries for the firm ’ s effectiveness and subsequent.!

a stakeholder orientation is not complete unless it includes

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