Welcome to Task 2. The Task is an assignment to be completed by utilizing the course content (and any outside sources) pertaining to this Module. Work through the materials, do some research on your own, and complete the assignment.
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Write My Essay For MeCHAPTER 2:
1. What are stakeholders? How do stakeholders define ethical issues in business?
2. Who are primary stakeholders? Who are secondary stakeholders?
3. Describe the stakeholder interaction model.
4. What is a stakeholder orientation? What three sets of activities comprises a stakeholder orientation?
5. Describe the difference between social responsibility and ethics. What are the four levels of social responsibility?
6. Discuss the concept of corporate citizenship. What are the four interrelated dimensions of corporate citizenship?
7. What is reputation? Why is it important to an organization?
8. Describe the concept of corporate governance. How does strong corporate governance benefit an organization?
9. Describe the shareholder model of corporate governance.
10. Describe the stakeholder model of corporate governance.
SAMPLE SOLUTION
Stakeholders are parties to a business or company and can either impact or be impacted by the operations of the company or business (Freeman & Dmytriyev, 2017). Stakeholders will define ethical issues in business based on what their values and standards are. The ethical issues that they may be interested in include consumer rights, working conditions, product safety, privacy and security, environmental sustainability, and full information among others.
Primary stakeholders are individuals or groups of individuals whose influence is critical to the continued survival of the company or business. They have a direct stake in the company or its success. They include employees, shareholders and investors, suppliers, and customers. Secondary stakeholders on the other hand do not have a direct stake in the organization or its success and their influence is more representational than direct. Examples include competitors, community, media, governments, and trade unions among others (Freeman & Dmytriyev, 2017).
The stakeholder interaction model defines the relationships among the different stakeholders. It concerns itself with such aspects as competition versus cooperation as…
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