Unit 3: Defining and Prioritizing Stakeholders
If you were operating as a US company executive in a country where the practice of stoning still existed, and you were forced to attend such an event or risk the loss of a major deal for your company, would you attend the stoning? That is a real-life scenario that happened to a female executive negotiating an agreement in a foreign country. Stoning would be considered a human rights violation in the US. However, in that particular country, the practice of stoning is entirely legal, and failure to attend could be viewed as an insult, thereby jeopardizing the deal. This is just one example of a situation, particularly as we find ourselves expanding in the global marketplace, where legal compliance and ethical decision-making aren't black and white issues. In this unit, you will learn about stakeholder orientation and claims, ethical decision-making, and corporate social responsibility as it relates to corporate law, the environment, and the public and private sectors.
Completing this unit should take you approximately 3 hours.
3.1: Adopting a Stakeholder Orientation
3.2: Weighing Stakeholder Claims
3.3: Ethical Decision-Making and Prioritizing Stakeholders
3.4: Corporate Social Responsibility (CSR)
3.5: Corporate Law and Corporate Responsibility
3.7: Government and the Private Sector
Unit 3 Assessment
- Receive a grade