Is profit the only important goal of business

Assignment Help Operation Management
Reference no: EM132215303

For company leaders governing a company, BRIEFLY answer the following questions:

1. Is profit the only important goal of a business? What are others?

2. Stockholders are only one group of stakeholders. Who are the other stakeholders important inside the organization?

3. Who are the other stakeholders important outside the organization?

4. What does the successful manager need to know about ethics and values?

5. Is being socially responsible really necessary? Explain the 2 viewpoints.

6. How can society trust that a company is doing the right thing?

Reference no: EM132215303

Questions Cloud

Society has deemed unethical or socially irresponsible : "Laws are the markers of past behavior that society has deemed unethical or socially irresponsible." What does this mean?
Identifies an area of specialty within the health setting : Identify an area of specialisation in the health setting which interests you. Using research, identify a gap in education which has an impact on outcomes.
What are planning-strategy and strategic management : What are planning, strategy, and strategic management; why are they important to me as a manager; what is VRIO and how does VRIO work?
Construct a query that will show the number of days : Construct a query that will show the number of days that exist between the first invoice and last invoice, for each month.
Is profit the only important goal of business : Is profit the only important goal of a business? What are others? Who are the other stakeholders important outside the organization?
Expanding the business internationally : Expanding the business internationally so that the company could survive in the fast-changing market economy and find new markets and customers.
Position ensure they have solid foundation for negotiations : How can an individual in a management position ensure they have a solid foundation for negotiations?
Explain why you think the company would benefit : Assess an organizations business strategy, leadership system, global prospects, code of conduct, and profitable growth opportunities with an ethical emphasis
Analysis on macroenvironmental factors : Help with a strong ANALYSIS on macroenvironmental factors for the company Google in the industry Artificial Intelligence?

Reviews

Write a Review

Operation Management Questions & Answers

  Respective rights of jane and tom with respect to dirt road

What are the respective rights of Jane and Tom with respect to the dirt road? Who is likely to prevail in a lawsuit commenced by Jane against Tom?

  Whenever collective interests and self-interest are aligned

Whenever collective interests and self-interest are aligned, you are in a social dilemma.

  Identify three kinds of technology in an organization

Identify three kinds of technology in an organization. Explain how different types of technology create different competencies.

  What is the required cycle time in minutes

Using the assembly-line balancing procedure, what is the required cycle time in minutes per unit if the daily production time is 480 minutes and the required daily output is 50 units?

  Differentiation between independent contractor-employee

The differentiation between an independent contractor and an employee is a critical one for any employer to make.

  An example of internal failure cost

An example of an Internal Failure Cost is. An example of an External Failure Cost is.

  Connected to overall strategic business planning

How is IT planning connected to overall strategic business planning?

  Budget for property management

When putting together a budget for Property Management Company, what type of costs and income should I address? What other categories need to be addressed in the budget plan?

  Slack time is permitted in critical path activity times

How much “slack time” is permitted in the “critical path” activity times? Which of the following are one of the three organizational structures of projects?

  Explain why bonner is the owner of the invention

Bonner recently announced the release of an innovative new tractor with technology based on a patented invention developed by Bonner's engineers.

  About pay-for-performance

Which of the following are correct about Pay-For-Performance (PFP). Which of the following statements are correct about licensure and accreditation?

  Find ways to improve their economic independence

How did Americans find ways to improve their economic independence and achieve greater civil liberties during 1870s to the end of World War 1?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd