Solution-How do you balance needs of stakeholders with one

How do you balance needs of stakeholders with one another

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Reference no: EM133189504

Questions :

1. How do you determine who the legitimate stakeholders are for a particular organization?

2. How do you balance the needs of stakeholders with one another and with the goal of increasing profits?

3. How should the decisions of businesses be controlled to avoid negative external consequences; internal control, professional associations, government control? How effective are each of these approaches as compared to their costs to the organization and to society?

4. How does an organization that wants to act ethically in a way that might increase its costs avoid competitive disadvantage?

5. How should profit be defined when conducting a utilitarian cost-benefit analysis of ethical business decisions?

6. The even more important question becomes how many executives can actually answer these?

Reference no: EM133189504

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How do you balance needs of stakeholders with one another

Reference no: EM133189504

Reference no: EM133189504

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