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firm does not earn above-average returns, it must prioritize its stakeholders by their power, urgency, and degree of importance to the firm. The firm must then make trade-offs among the stakeholders.PTS:1DIF:MediumREF:20-22OBJ:01-06NOT:AACSB: Business Knowledge & Analytical Skills | Management: Legal Responsibilities | Dierdorff & Rubin: Managing decision-making processes7.Who are the firm’s strategic leaders? How do strategic leaders predict the profit outcomes of different strategic decisions?
8.Explain the relationship of the strategic management process to organizational ethics.9.What are the primary aspects of the strategic management process? You may reference specific chapters from the text in formulating your response.