Provide a Short Answer to Each of These Questions

question 38

Essay

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Stakeholders present both opportunities and challenges to the firm. Why does the textbook choose to focus only on the challenges?

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Definitions:

Centralized Decision Making

Centralized Decision Making is a management structure where major decisions are made by a small group of individuals at the top of the organization, leading to quicker decision-making processes.

Cultural Diversity

Cultural diversity is the quality of diverse or different cultures, as opposed to monoculture, in a workplace or society.

Affirmative Action Policies

Measures taken by organizations to increase the employment opportunities of certain groups (e.g., minorities, women) to create a more diverse workplace.

Career Development

The process of managing life, learning, and work over the lifespan to progress in one’s job or career path.