Corporate Governance Stakeholder Debate

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What was the main focus in strategic management during the 1970s?

Industry analysis and competitive positioning (correct)

Shareholder value maximization

Exploiting information and communications technology

Refocusing, outsourcing, delayering, cost cutting

In the 1960s, what was the basis of corporate plans?

Operational budgeting

DCF capital budgeting

Medium-term economic forecasts (correct)

Industry analysis

What was a dominant theme in strategic management in the 1990s?

Social and environmental responsibility (correct)

Strategic alliances

Corporate planning

Adapting to turbulence

Which decade saw the emphasis on resources and capabilities in strategic management?

1980s Signup and view all the answers

What characterized the strategic management landscape in the 2000s?

Exploiting information and communications technology Signup and view all the answers

What can be considered a key concept introduced in the exploration of strategy today?

Strategic alliances Signup and view all the answers

What are the four characteristics of successful strategies mentioned in the text?

Clear, consistent, long-term objectives; profound understanding of the environment; objective appraisal of resources; and effective implementation Signup and view all the answers

How does the external environment influence a firm's strategic plans and planning processes according to the text?

It strongly influences the characteristics of a firm's strategic plans and planning processes due to its volatility and unpredictability Signup and view all the answers

Which two companies were mentioned in the text as examples for discussing differences in strategic plans and planning processes based on their environments?

Coca-Cola Company and Google Inc Signup and view all the answers

What was the instruction given in the text about using the template in Figure 1.5?

To structure your answer based on the template provided in Figure 1.5 Signup and view all the answers

What is essential for a successful career strategy in the next five years?

Aligning your strategy with your long-term goals Signup and view all the answers

What concept has shareholder value maximization been associated with during the 21st century?

Short-termism and financial manipulation Signup and view all the answers

According to Todd Stitzer, what did he believe distinguished Cadbury from other companies?

Distinctive style of principled capitalism Signup and view all the answers

Why was Kraft's acquisition of Cadbury controversial?

Cadbury workers protested against it Signup and view all the answers

What impact did Todd Stitzer believe Kraft's acquisition would have on Cadbury's culture?

Loss of a distinctive advantage Signup and view all the answers

How did the 2008/9 financial crisis impact the perception of shareholder value maximization?

Linked it to risk management failures Signup and view all the answers

What did Todd Stitzer argue was woven into Cadbury's fabric by its founders?

'Principled capitalism' Signup and view all the answers

What is a key difference between company boards in Anglo-Saxon countries versus in continental European countries?

Anglo-Saxon boards are required to act in the interests of shareholders, while European boards must consider the interests of employees, the state, and the enterprise as a whole. Signup and view all the answers

What was the impact of Anglo-Saxon shareholder capitalism being in the ascendancy during the 1990s?

Many continental European and Japanese companies changed their strategies. Signup and view all the answers

Why did Cadbury plc no longer exist as an independent corporate entity after February 2010?

It became a subsidiary of Kraft. Signup and view all the answers

Who initially founded the business that later became Cadbury plc?

John Cadbury Signup and view all the answers

Which of the following brands were associated with Cadbury plc?

Flake and Crunchie Signup and view all the answers

What type of products did John Cadbury start selling when he founded the business in 1824?

Tea, coffee, and drinking chocolate Signup and view all the answers

What are 'players' in the context of stakeholder power?

Stakeholders with both an interest and significant power Signup and view all the answers

What do 'subjects' represent in stakeholder power?

Stakeholders with an interest but little power Signup and view all the answers

Who are 'context setters' in the stakeholder power concept?

Stakeholders with power but little direct interest Signup and view all the answers

What group do 'crowd' represent within the stakeholder power theory?

Stakeholders with neither interest nor power Signup and view all the answers

What is the purpose of using the stakeholder power/interest grid mentioned in the text?

To identify which stakeholder interests and power bases to consider Signup and view all the answers

How do managers respond to stakeholders with high power and low interest according to Figure 1.7?

Monitor (minimal effort) Signup and view all the answers