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chapter4expectationsandpurposes(已修改)

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【正文】 Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Exploring Corporate Strategy 7th Edition Part II The Strategic Position Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Chapter 4 Expectations and Purposes Exploring Corporate Strategy 7th Edition Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Expectations and Purposes Outline ? Corporate governance ? Organisational stakeholders ? Stakeholder mapping ? Ethical issues ? Culture ? Cultural web ? Communication of anisational purposes Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx ? Complex role that people play in strategy development ? Strategy is about – what people expect an anisation to achieve – what influence people can have over an anisation’s purposes Role of People Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Expectations and Purposes Exhibit Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Corporate Governance The governance framework – whom the anisation serves – how the purposes and priorities should be decided – how an anisation should function – how power is distributed among stakeholders Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx The Chain of Corporate Governance Exhibit Source: Adapted from David PittWatson, Hermes. Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx The Chain of Corporate Governance ? Chain or hierarchy of control – Separation of ownership and management control – Beneficiaries, trustees of funds, investment managers, board, executive directors, senior executives, managers ? Accountability and responsiveness – Wider range of stakeholders ? Principalagent relationships Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Governance Chain Issues ? Conflicts of interest ? Directors’ responsibilities to shareholders ? Accountability to stakeholders ? Structure of targets, budgets and rewards Exploring Corporate Strategy, Seventh Edition, 169。 Pearson Education Ltd 20xx Corporate Governance Reforms ? Imperfections in governance chain – Unequal division of power – Differing access to information ? High profile ca
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