Professional Documents
Culture Documents
Chapter Topics
1. Stakeholder management and valuebased organizational systems 2. A 10-step assessment of value-based organizational systems and stakeholders 3. Leadership and strategy 4. Culture, structure, and systems 5. Corporate self-regulation: Challenges and issues
Copyright 2003 by South-Western, a division of Thomson Learning 2
An organizations enacted purpose, values, and mission are central to its internal alignment and external market effectiveness. The stakeholders management approach argues that organizations succeed in market and nonmarket environments through open dialogue and a duty to assist stakeholders. The digital information technology revolution has increased pressure on industries and corporations to question to what extent ethical and stakeholder value-based management principles and practices still work.
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The internal dimensions of an organization are illustrated in the diagnostic contingency model in Figure 4.1.
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The purpose and core ideology of organizations are modeled by its leaders and embedded in its enterprise strategy. The culture of a company is at the center spoke of the wheel of transformation. The vision and strategy, people, systems, structure, technology, and nature of work comprise the internal operations of the organization. Stakeholder management theory, states that an organization should treat its internal & external stakeholders ethically to be effective with its marketplace communities.
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Ethics programs