MGMT 3320 Lecture Notes - Lecture 3: Pest Analysis, Corporate Social Responsibility, Cost Leadership
16 Apr 2016
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Consumers of underdeveloped markets annual per capital is ,000. Engaging fringe stakeholders focus on why some stakeholders are not important and ind out why. Every corporaion has to respond to what"s happening in todays world. Aluence (how to feed ourselves and others: edward freeman. They are relied on for the company to succeed. They change over ime so pay atenion to this lux. Prioriize (pul: how relevant is the stakeholder"s opinion? (legiimacy, how much operaional impact will the stakeholder have on the irm? (power, how much moivaion does the stakeholder have? (urgency) Organizaions face constraints on their methods and results. Methods = deemed acceptable to the larger society. Businesses exist but survival depends on success which depend on proits. The simple answer depends on the for-proit"s strategy. All about your strategy, and the vision of the company. The vision answers why the organizaion exists: to organize the world"s informaion and make it universally accessible and useful .
