Please suggest one argument (your own or others) to criticize the new paradigm of Responsible Management (i.e.,
Question:
Please suggest one argument (your own or others) to criticize the new paradigm of Responsible Management (i.e., the business’ new potential of integrating ‘economic value’ and ‘social value’ to produce win-win solutions between the company and stakeholders). And please prove that such a critique is not valid based on your learning in this course so far. (Minimum 500 words and Maximum 700 words). (50 points) 2. We learned from the class so far that great management requires a harmonious balance between effectiveness, efficiency, and equity. More specifically, equity can lead to efficiency, and the complementary relationship between the two can sustainably realize the effectiveness of a business organization. Please explain these relationships among the three keywords (i.e., equity, efficiency, and effectiveness) with an example of the relationship between a particular stakeholder (i.e., employee, consumer, partner, society, natural environment, etc.) and the business corporation. - Real-world example will be appreciated (maybe from your group project #1). - Please take a case of one chosen stakeholder. - And please show clear logic of dynamic relationships of the three words in your example. (Minimum 500 words and Maximum 700 words)
Strategic Management Concepts and Cases
ISBN: 978-1118976586
1st edition
Authors: Jeffrey H. Dyer, Paul Godfrey, Robert Jensen, David Bryce