Week 3 - Ch. 5

Question 1

Stakeholder Mapping

Answer 1

identifies stakeholder expectations and power, and helps in the understanding of political priorities

Question 2

Power

Answer 2

the ability of individuals or groups to persuade, induce or coerce others into following certain courses of action

Question 3

Corporate Governance

Answer 3

is concerned with the structures and systems of control by which managers are held accountable to those who have a legitimate stake in an organization

Question 4

The Governance Chain

Answer 4

shows the roles and relationships of different groups involved in the governance of an organization

Question 5

Corporate social responsibility (CSR)

Answer 5

the commitment by organizations to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large

Question 6

stakeholders

Answer 6

those individuals or groups that depend on an organization to fulfil their own goals and on whom, in turn, the organization depend