Business Strategy and Management Principles Assignment

This assignment covers chapter 11, Corporate Performance, Governance, Business ethics, and chapter 12, Implementing Strategy in Companies that compete in single and multiple industries.

Questions:

Chapter 11:

- Define stockholders and stakeholders. What is the difference between the two? How companies distinguish stakeholders.

- What process does a company adopt to go through to and respond to stakeholder's concerns? What are the steps in the process?

- What is the agency problem? What are the governance mechanisms that can be Putin to guard against this problem?

- Describe internal controls and strategies that can be implemented to ensure ethical behavior within a company. Why internal controls to maintain ethical concerns are important?

Chapter 12 Questions: 

1. How can organizational design contribute to competitive advantage? What elements in organizational design are important?

2. Describe how a strong organizational culture leads to transparency, ethics and competitive advantage within a company. 

3. How do corporations develop strategic plans for single or multi-divisional structures? What are some advantages and problems in implementing a mult-divisional structure.

4. How do companies implement strategies at a global level? What organizational structures help them develop a competitive advantage?