GMS 802 Chapter 7: GMS802- Chapter 7-Finance and Accounting

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 802
• Professor: Jian Guan

Document Summary

3: construction model becomes a vehicle for communicating the assumptions and alternatives the constructed value, taking the assumptions and options and creating a model requires and understanding of, who ever is involved and not involved in the decision making process speaks to who is valued as a stakeholder within the organization, presentation of the initial findings constitutes the decision making process, good managerial decision making replies upon good valuation of alternatives with the understanding of the fluidity of the model and those issues not captured in the valuation, agency theory, relationship between owners and managers defines the type of obligations managers have to key stakeholders, managers agents for owners and have a contractual or fiduciary duty to stockholders interest above and beyond any other relationship in managing the organization, simplified view of corporation managers should make choices that fulfill their.