Term
| What are the three influences on strategic purpose ? |
|
Definition
| Governance structure, social responsibility and ethics, stakeholder expectations |
|
|
Term
| What is corporate governance ? |
|
Definition
| Structures, systems of control by which manager are accountable for stakeholders : governance chains reveal the links between beneficiaries and management |
|
|
Term
| What are the 4 level of corporate social responsibility |
|
Definition
- laissez faire (only fulfill the shareholders' interests)
- Enlightened self-interest (reputation is good for financial benefit in the LT)
- A forum for stakeholder interaction (willing to reduce profit for social benefit)
- Shapers of society (financial considerations are of secondary importance) |
|
|
Term
| How is the stakeholder mapping derived ? |
|
Definition
The level of interest (how are they interested in affecting the strategy purpose ?)
The power of the stakeholder (can they do so ?) |
|
|
