How does the stakeholder theory of management challenge the traditional focus on shareholder value, and what are the implications for organizational decision-making?
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How does the stakeholder theory of management challenge the traditional focus on shareholder value, and what are the implications for organizational decision-making?
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- What are the ethical considerations in management decision-making, and how do they influence the reputation and success of an organization?What are the ethical considerations that managers should be aware of in their decision-making processes, and how can they promote ethical behavior within their organizations?What are the ethical challenges and responsibilities associated with management, and how do they impact decision-making?
- What role do ethics and corporate social responsibility play in the business environment and how can management ensure that these values are integrated into organizational decision-making?Determine the importance of ethics and ethical decision-making in management.How do managers make decisions, and what factors influence their decision-making process? How can managers improve their decision-making skills?
- How can an organization optimize its decision-making patterns to enhance efficiency and effectiveness?How does effective decision-making contribute to managerial success, and what factors should managers consider when making important business decisions?What are the basic characteristics of managerial decision-making?
- How can managers effectively involve stakeholders in the decision-making process?How can managers effectively analyze and utilize data and information to support decision-making processes, employing tools such as business analytics, data visualization, and performance metrics?Discuss why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.