ADMS 2400 Study Guide - Final Guide: Sustainable Development, Ethical Dilemma, Environmental Protection
12 Aug 2020
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The traditional view of leaders in organizations is that they set direction, make the important decisions, and rally the followers. One important responsibility of boards of directors is to monitor and prevent the potential for agency problems. Agency problems occur when an agent sacrifices his or her own interests for the benefit of the organization. The labels a firm uses for its written statements of strategic direction are just as important as the elements they contain. It has been suggested that the business definition question should include not only. What is our business? but also what was our business? . A mission statement may contain a statement of vision. The scope of an organization is the breadth of its activities across markets, functions, resource conversion processes, and products. Sustainable development is defined as growth that is sustainable because there are so. Chapter 4: strategic leadership and strategic direction many available resources that they will virtually never run out.
