Explain stakeholder environment multi-fiduciary

Assignment Help Business Management

Reference no: EM13103201

On Ethics and Law - The basis of our way rests upon an understanding of ethics as well as law and their impact on business and society. We distinct ethics as the ideas by which society lives and law as the machinery for enforcing as well as advancing those ideas. No doubt modern management should understand the diverse environment of government, business and society.

a. With the stakeholder relationship model as your guide offers an authentic scenario that identifies the pluralistic characteristics of a business as well as its interaction with government as well as that dynamic relationships impact on society.

i) For instance consider the recent BP oil spill crisis - from the perspective of the executive management team what ethical issues are paramount to help BP manage the various stakeholders dependent upon its success while as well under intense scrutiny as well as pressure from the government to clean up the mess?

b. What method would you recommend as the best way to serve the stakeholder environment multi-fiduciary, strategic, synthesis? Why?

Reference no: EM13103201

Questions Cloud

Treasury bills outdid long-term government bonds : Over the period of 1955-2006: long-term government bonds underperformed large corporate stocks. Small-company stocks underperformed large-company stocks. Inflation exceeded the rate of return on U.S

How tall is the studio : A late night time talk show host drops a watermelon from the top of the studio. If the speed of the watermelon is 21 m/s when it hits the ground, how tall is the studio?

Binomial probability distribution for procedure yield : Assume that a procedure yields a binomial distribution with a trial repeated n times. Use the binomial probability formula to find the probability of x successes given the probability p of success on a single trial.

Explain the importance of having a vision and mission : illustrate what is our business, whilst, a mission is a declaration of an organisation's 'reason for being'. Based on that views, explain the importance of having a vision and mission?

Explain stakeholder environment multi-fiduciary : What method would you recommend as the best way to serve the stakeholder environment multi-fiduciary, strategic, synthesis? Why?

Finding probability distribution for adverse reactions : Three unrelated people go for dinner to a Chinese restaurant which uses MSG in its food. Each person has a 10% probability of developing an adverse reaction to the MSG.

Distinguish between job costing and process costing : Describe the difficulties associated with each type. What can companies do in order to price products competitively and avoid some of these difficulties?

Explain the individual functional strategies of finance : If the individual functional strategies of finance, marketing and accounting are aligned with the overall business strategy then everything will be fine

Illustrate what factors influence the deployment : illustrate what factors influence the deployment and acceptance of enterprise social networking systems, such as the Microsoft SharePoint system?

User Account

All Pages