Exam 3: Identifying Stakeholders and Issues

TMB Corporation has chosen to engage stakeholders in the decisions regarding plant expansion.The company has identified that stakeholders are concerned about many issues,so a team of employees spoke to multiple stakeholders to clarify the concerns.They determined which issues were most important to the stakeholders and a specific plan was formulated to act on the key issue.Once the specific plan is put into action from the available choices,the corporation is in the _____________ step of the issues management process.

Although customers are the source of revenue and should be treated carefully,corporations that are a monopoly do not need to focus on this stakeholder.

It is the responsibility of the board of directors,not the manager,to determine how to respond to stakeholders' power and pressures.

Sable is excited about her new job.As marketing manager for NMO Corporation,she is hoping to help the company adopt more environmentally friendly packaging.She brings up the issue with the management team,who state that they had never given the issue much thought.NMO Corporation is at what stage in the issue life cycle?

Organizations must identify their stakeholders to obtain their resources and maintain their legitimacy.

Government may play several roles as a stakeholder,such as media and lender.

Competitors include organizations that produce substitute products and therefore should be monitored.

Cathy drinks a lot of coffee to help her stay awake during midterms.She,however,will only purchase coffee that is produced under conditions that guarantee good working conditions for the labourers and respect for human rights and environmental protection.Cathy is a consumer of ______.

Secondary interactions do not include:

There is opposition to the stakeholder concept for all of the following reasons,except:

The government of Canada recently sold off its remaining shares in Petro Canada.The government,in regards to this decision,is considered which type of stakeholder?

Derivative stakeholders are those from whom the corporation has not accepted benefits,but they hold power over the corporation and may exert either a beneficial or harmful influence.

Describe the acute crisis stage of the Anatomy of a Crisis.

What are the main arguments from those who oppose the stakeholder concept?

Categorizing stakeholders into various groups,such as internal and external,is desirable because it helps managers strategize accommodations.

In determining where to locate a factory,BCS Corporation develops a list of stakeholders.Francois encourages the management to locate in a community with high unemployment because it will help a community become more economically stable.Mark states that it is important to consider whether the company will be able to arrange for raw materials to be shipped to the factory for production.Sarah notes that by relocating the firm should consider the environmental group,STOP,that used to picket the company,even though it hasn't been heard from for years.Which stakeholders should the company not necessarily consider in their decision?

Identifying issues can be done in many ways,for example,environmental scanning,social forecasting and public issues scanning.

Following a media report highlighting a lack of hygienic meat handling practices by its suppliers,Burgers R Us realized they should have been engaged in _____________,a process to respond to the economic,social,and environmental problems that they might face in the future.

When a news report came out in Saskatchewan that the beef supplier for Burgers R Us was not implementing hygienic practices,which of the following stakeholders may not have influenced Burgers R Us to change its approach to purchasing meat?

Outline the benefits to practicing issues management.