Directors Are Required by Law to Act in the Best

question 11

Essay

Directors are required by law to act in the best interests of the shareholders of the company.Do you think that directors should also have a duty to act in the best interests of employees,the community and/or the environment? Explain your answer.

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Definitions:

Early Adopters

Individuals or organizations that start using a new technology or product shortly after it is launched, before the majority of people do.

Bowling Pin Strategy

A business approach where success with one target market or product leads to subsequent success with additional markets or products, akin to knocking down a series of pins.

Beachhead Strategy

A strategy in which a company focuses efforts and resources on capturing and dominating a small market segment before expanding to larger markets.

Launch Market

Refers to the specific market or audience a company targets when releasing a new product or service.