Reference no: EM132840436

This assignment seeks to help you understand the answer to a broader concern and that is, who runs organizations?

• What are the key stakeholders of an organization and the claims of each?

• What are some of the problems facing organizations in their quest to satisfy stakeholder claims?

• Where do authority and responsibility reside within an organization, and why do they reside at those levels?

• What is the agency problem?

• What are the mechanisms that can be used to align managerial behavior with organizational goals?

• What role do ethics play in an organization?

Hint:

When responding to the questions in this chapter, consider the differences between a government organization, a for-profit company and a not-for-profit organization. Do incorporate in your responses, examples from these three types of organizations.