Besides Maximizing Shareholder Wealth,what Should Corporations Consider to Be Goals

question 16

Essay

Besides maximizing shareholder wealth,what should corporations consider to be goals? List and briefly explain.

---

Definitions:

Autocratic Decision Making

A decision-making process where one individual has total control and makes decisions without input from others.

Specific Objectives

Clearly defined and measurable goals that are set to be achieved within a set timeframe, often serving as stepping stones to achieve broader goals.

Outsourcing

The business practice of hiring a third party to perform services, handle operations or provide goods that are either cost-prohibitive or not within the core competencies of the original company.

Employee Empowerment

The practice of giving employees autonomy, authority, and responsibility to make decisions regarding their specific organizational tasks.