The 4th social commitment is Discretionary responsibilities for strategic managers.
Discretionary responsibilities are those that are voluntarily assumed by a business organization. They include public relations activities, good citizenship, and full corporate social responsibility. Through public relations activities, managers attempt to enhance the image of their companies, products, and services by supporting worthy causes. This form of discretionary responsibility has a self-serving dimension.
Discretionary responsibilities: Responsibilities voluntarily assumed by a business, such as public relations, good citizenship, and full corporate responsibility.
More from this Section
- Remote Environment
Economic, social, political, technological, and ecological factors that originate beyond, and usually irrespective of, any single firm’s operating situation.
- Value chain management
Value chain management is the process of managing the sequence of activities and information along the entire value chain. In contrast to
- Fragmented business
Skills in focused market segments, typically geographic, the ability to respond quickly to changes, and low costs are critical in this environment. Business with many sources of advantage, but they are all small.
- Maslow’s hierarchy of needs theory
Maslow was a psychologist who proposed that within every person is a hierarchy of five needs:
- Process Conflict
Process Conflict refers to over how work gets done. For process conflict to be productive, it must be minimal.
Selection involves predicting which applicants will be successful if hired. Screening job applicants to ensure that the most appropriate candidates
Bankruptcy occurs when a company is unable to pay its debts as they become due, or has more debts than assets. It's a formal procedure in which an appointed...