Components of Strategic Management Process (6 different questions)
- What are stakeholders? How do the three primary stakeholder groups influence organizations? (175 to 200 words one scholarly source)
- capital market stakeholders (shareholders and the major suppliers of a firm’s capital)
- product market stakeholders (the firm’s primary customers, suppliers, host communities, and unions representing the workforce)
- organizational stakeholders (all of a firm’s employees, including both nonmanagerial and managerial personnel
- According to the I/O model, what should a firm do to earn above-average returns? (175 to 200 words one scholarly source)
- What is the nature of corporate governance in Germany, Japan, and China? (175 to 200 words one scholarly source)
- How can corporate governance foster ethical decisions and behaviors on the part of managers as agents? (175 to 200 words one scholarly source)
- What is a top management team, and how does it affect a firm’s performance and its abilities to innovate and design and bring about effective strategic change? (175 to 200 words one scholarly source)
- As a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm?(175 to 200 words one scholarly source)
Answer preview
Stakeholders are individuals, a group of people or even a society that have interest in an organization or a business where the activities done by both stakeholders and the organization have mutual impacts in determining the organization’s outcome. The three primary stakeholder groups influence an organization in different ways. The capital market stakeholders greatly influence the success of that organization by providing the capital needed to start the organization (Hage, 2007). They can provide the capital in monetary terms or they could be suppliers who provide essential assets needed to start and run the business. The capital market
1472 words
