Wednesday, 4 April 2012

QUESTIONS (BUSINESS OBJECTIVES, STRATEGIES, STAKEHOLDERS)

Questions


1.

a) Why is it important for a business to specify its objectives?

b) Explain, with examples, why differing stakeholder and organisational objectives might cause problems for managers.

(Marks available: 10)

Answer


2.

Explain, with examples, what is meant by the stakeholders in a company.

Is it in the interests of all stakeholders that a company should try to maximise its profits?

(Marks available: 20)

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