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MNN3701-26-EX06
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Match the description in Column B with the correct stakeholder approach in Column A.
Column A:
Stakeholder approach
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Column B:
Description
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(a) Descriptive stakeholder approach
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(i) Identifies the relationships between the management of stakeholder groups and the achievement of corporate goals and objectives.
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(b) Instrumental stakeholder approach
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(ii) Examines the function of the corporation and the moral guidelines for the operation and management of the corporation.
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(c) Normative stakeholder approach
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(iii) Seeks a balance between two approaches to the stakeholder theory; it illustrates the possibility of developing morally sound ways of conducting profitable business.
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(iv) Describes and explains the characteristics of the corporation, including aspects such as how it is managed, who the stakeholders are, how the corporate considers its constituencies and the way its management think about managing the corporate.
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Sam Sithole was appointed as Chairman at Sun International in 2021. In his capacity as Chairman, Sithole’s responsibilities do not include _______.
Read the following statement pertaining to reporting to answer this question.
Concise communication about how an organisation’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term.
The above statement defines _______ reporting, which is driven by the _______.
Consider the following list of variables and answer the question that follows:
(a) Balancing fair procedures and fair outcomes
(b) Halting an unethical action because of the consequences
(c) Not taking consequences into account, or underplaying them
(d) Being short-term oriented and taking advantage of opportunities
(e) The good-for-one person directly conflicts with what is good for another
(f) Allocating quantities to abstract concepts such as emotions to determine costs and benefits
(g) Assessing the greatest good for the greatest number of people can overlook the interest of minorities
(h ) Engaging in those activities that will lead to the greatest amount of good for the greatest number of people
Which of the variables listed above represent challenges for a decision-maker when considering the utilitarianism perspective?
Consider the scenario below and answer the question that follows:
Woolworths Holding Limited (WHL) has started phasing out single-use shopping bags from its stores. WHL has made a low-cost reusable shopping bag that is available at 19 stores in South Africa, while four stores are already completely plastic-bag-free.
Through this initiative, WHL predominantly shows support for ________, as an area requiring major transformation towards sustainable development.
Consider the following statement and answer the question that follows:
A car manufacturer invites all employees to a Training Intervention.
The above statement is an example of ________ as a Human Resources function.
Faithful to Nature, an online retail business, has a product range that is 100% plastic free and environmentally friendly.
The statement above reflects an example of a business administering _______ citizenship rights through its product range.