Business Ethical Approach

Business Ethical Approach

Question

Answered

Questions
1.1 Explain why you would use either a normative or ethical approach. 1.2 Suggest why stakeholders have legitimate rights regardless of their power to influence the organization. 1.3 Explain why it must be a core management task to search for win-win situations with stakeholders. 1.4 Explain strategically and in detail how you will communicate the needs of your stakeholders and manage them to make your organization sustainable? 2. The aim of Stakeholder Management Strategy is to increase their support level and minimize their negative impacts. Explain the following in detail: •    Who will you co-opt to assist you and why? •    How will you proceed? When will you do certain things? Describe the steps. •    Which resources will you require? •    How will you determine your level of success? Identify the performance indicators. •    What will you ultimately do with the plan you have developed and why?