A Market-Oriented Organization May Choose Not to Deliver the Benefits

question 80

Essay

A market-oriented organization may choose not to deliver the benefits sought by customers because these benefits are not in the best interests of the individual or society. This is termed the societal orientation. What does this concept mean in terms of organizational justification? List three current issues where the societal orientation concept may need to be applied.

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Definitions:

Takeover Attempt

An effort by one company to acquire control of another company, often through the purchase of a significant portion of its stock.

Classifications of Corporations

Classifications of corporations involve categorizing companies based on their ownership structure, purpose, or tax status, such as public, private, nonprofit, or multinational corporations.

Descriptive Statements

Statements that describe or explain information, phenomena, or findings without offering opinions or arguments.

Contributed Capital

The total value of the cash and other assets given by shareholders in exchange for shares of the company's stock.