Strategic Purpose
17 important questions on Strategic Purpose
What is - according to Cynthia Montgomery - the core of a strategist's job?
Which 2 related questions shoud be addressed in the state purpose?
2. From whom does the organization make that difference?
3 principles are very helpful in creating meaningful vision, mission and value statements, which?
2. Motivational
3. Clear
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- Never study anything twice
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What is a public company?
Name the 4 potential advantages of the shareholder model?
2. Reduced risk
3. Increased innovation and entrepreneurship
4. Better decision making
Name 3 potential disadvantages of the shareholder model?
2. Vulnerable minority shareholders
3. Short-termism
Name 3 potential advantages of the stakeholder model?
2. Less reckless risk-taking
3. Better management
Name 3 potential disadvantages of the stakeholder model?
2. Uneconomic investments
3. Reduced innovation and entrpreneurship
What kind of board structure does a stakeholder model usually have?
Concerning the board structure (shareholder/stakeholder), 2 aspects are important, which?
2. Engagement
The guidelines issued by governments include the following themes, which 3?
2. Board must be competent to scrutnise the activities of managers
3. Directors must have the time to do their job properly
Manager's decisions about the purpose and strategy of their organization are influenced by the expectations of stakeholders. Managers therefore need to take a view on the following, which 3?
2. Which expectations they need to pay most attention to
3. Extent to which the expectations of different stakeholder vary
What are indicators of power?
Different organizations take different stances on CSR, name the 4 basic types to illustrate these differences?
2. Enlightened self-interest
3. Forum for stakeholder interaction
4. Shapers of society
What is enlightened self-interest?
What is forum for stakeholders interaction?
What are shapers of society?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
