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
- Liquidation in Grand Strategy Selection Matrix
Closing down the operations of a business and selling its assets and operations to pay its debts and distribute any gains to stockholders.
A management function that involves monitoring comparing, and correcting work performance.
- Leader-member relations
Leader-member relations are one of Fiedler’s situational contingencies that described the degree to which job assignments were formalized and
Grapevine- the informal organizational communication network. The grapevine is active in almost every organization. Is it an important
The stars are business in rapidly growing markets with large market shares.
- Self-serving bias
Self-serving bias means the tendency for individuals to attribute their success to internal factors while putting the blame for failures on external
- Barriers to Entry
Barriers to Entry are the obstacles that a firm must overcome to enter an industry. The barriers can be tangible or intangible.