Explain what are the competitive forces – Business Management
Porter’s competitive forces
Explain what are the competitive forces that shape an organization’s strategy? Porter’s 6 competitive are potential entrants, rivalry among existing firms, bargaining power of buyers, bargaining power of suppliers, threat of substitute products/services., relative power of other stakeholders, for Macy*s
What is the relationship between corporate governance and social responsibility? What is an example of each. How can a manager ethically make a corporate donation to a charitable cause, when in reality he is contributing “other” people’s money? What is an example.
Compare and contrast “Agency Theory” the problems that occur between principles( owners) and their agents (top management) relative to increasing the value of shares of the firm versus increasing the value of salaries – with “Stewardship Theory” -no problems ( relative to Agency Theory0 as executives tend to be more motivated to act in interests of the firm rather than their own self-interest. What is an example of each.
