© Paul Hoang and IBID Press 1 Business & Management – Answer Book Important message from the author Dear Colleagues‚ Thank you for purchasing my textbook and for the encouraging words that many of you have passed on from around the world. In the final installment‚ I have put together answers/solutions to all 217 case studies. I hope you will find these solutions as a useful starting point. As with all B&M mark schemes‚ the solutions in this Answer Book should be used with caution
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the communication strategy of the fictional new CEO of XYZ global financial services firm‚ which has been negatively impacted by a national investment crisis and plans to release to its target audience and stakeholders‚ utilizing tools such as Mary Munter’s Audience Strategy. The stakeholders have been identified as the firm’s employees‚ customers‚ shareholders‚ and the financial regulators. The shared common concerns of this group are the financial health of XYZ global financial services firm
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Part A (a): Ethical dilemma Kate is faced with the dilemma is weather to report about the contaminated milk to the Queensland Food Safety Authority (FSA). Ethical egoism Under ethical egoism‚ Kate should report the issue to the food safety Authority. Because under the ethical egoism it is maximising the self-interest which she doesn’t want to see customers get ill and furthermore the business get bad publicity. Also being rewarded as a most honest person in the restaurant she doesn’t want to be
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Ethical Decisions for Stakeholders: A Practical Application Introduction Organizational culture‚ or the values‚ attitudes and beliefs held by an organization‚ directly impacts all the stakeholders of an organization. This assignment looks at a hypothetical scenario from Strait about a situation at private university. The goal is to determine an ethical decision that has the greatest benefits to the stakeholders in this organizational culture. To lend insight to the university
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Be Intelligent—Identify the Stakeholders You’ve identified the issue‚ and your ultimate goal is to take an action that will solve or address that issue. But we can’t skip right to the end just yet! Before thinking about the solution‚ consider the other people in the situation. Your decision—even if that decision is to do nothing—will have an effect on some people. We call these people the stakeholders. Like a pebble hitting the water‚ our actions have consequences that ripple out from the
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are possible but the essential elements are the production and communication of information so that stakeholders can make decisions. Q1-3 Economic consequences are the impacts on wealth caused by choosing among available alternatives in business. Accounting has economic consequences because how an entity does its accounting (policy choices‚ estimates) can affect the wealth of different stakeholders. For example‚ you may be able to choose between two acceptable ways to account for an economic event
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Stakeholder is an individuals or groups that likely to affect or be affected by a proposed action in the project management or business administration. It’s a key of the part of stakeholder management. The major stakeholder that will affect the organization’s action‚ objective of Domino’s Pizza is employee‚ customer and financial institutions. Employee For the employee in Domino’s Pizza‚ they had given them with high wages. The reason why is because Domino’s Pizza wants to protect the principle of
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in partnership initiatives? And what warning signs alert you to possible problems—particularly when multiple parties are involved? We are living in a world in which cross-sector and public-private partnerships have become essential to all stakeholders’ core missions. Whether on a global‚ country or local level‚ the world has transformed in such a way that the old boundaries of ‘siloed sectors’ have become blurred. In fact‚ many discrete sectors are converging with others and are in the process
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Jamal West University of Phoenix ETH 316 June 4‚ 2013 University of Phoenix Material Week Three Ethics Game Simulation Worksheet Student Name: ___Jamal West______________________ Facilitator: _________________________ Complete the interactive Ethics Game simulation located on the University of Phoenix student website for Week Three. Note. You can only go through the simulation once‚ so please use this worksheet to take notes. The simulation uses the following decision model
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1. Who are the primary stakeholders of Knights Apparel? The primary stakeholders of Knights Apparel are Knights Apparel‚ the 120 employees that work in the Alta Garcia factory‚ various customers‚ 3 2. For each stakeholder group‚ what are their major concerns? The major concerns for Knights Apparel include paying employees a fair wage that will‚ in return‚ allow for a better quality of life for the families of the factory employees. Additionally‚ a major concern for Knights Apparel is making
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