Address each of the following thoroughly (short / skimpy

answers will result in point deduction).

1. Identify 3 groups of stakeholders other than customers,

suppliers, employees, and shareholders for a company and

explain how these groups have an interest in the well

being of a company.

2. Why should goals be specific, quantitative, and

documented?

3. Why are socially responsible actions not always an

option for a firm? Similarly what is a firm's minimum

social obligation?

4. Based on the ethical views highlighted in the text,

weight their level of importance in your own general

ethical perspective (total weighting should equal 100%).

Explain your rationale for the weighted distribution you

provide.

5. What are agency issues and what can managers do to

reduce agency problems?

Reference the text book John Parnell's, Strategic

Management: Theory and Practice, 4th Ed