As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do- 1. the shareholders are expecting more profits from the company 2. the customers are expecting lower prices of your products 3. the employees do not want to lose their job 4. the owners are expecting  more stable business.   Questions: 1. Give examples of the different conflicting interests among these? stakeholders. 2. As a CEO, who will be your first priority stakeholder. Why?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter5: Ethics, Corporate Responsibility, And Sustainability
Section: Chapter Questions
Problem 8CTQ: How would a stakeholder approach, if taken by the companys top leaders and board of directors, have...
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As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do-

1. the shareholders are expecting more profits from the company

2. the customers are expecting lower prices of your products

3. the employees do not want to lose their job

4. the owners are expecting  more stable business.

 

Questions:

1. Give examples of the different conflicting interests among these? stakeholders.

2. As a CEO, who will be your first priority stakeholder. Why?

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