Stakeholders, Shareholders and Wealth Maximization V. Sivarama Krishnan, University of Central Oklahoma ABSTRACT This paper attempts reconciliation between the two somewhat extreme views espoused by the shareholder wealth maximization paradigm and the stakeholder theory. The stakeholder theory challenges the basic premise built into corporate finance theory, teaching and practice. Corporate finance theory, teaching and the typically recommended practice are all built on the premise that the
Words: 4065 - Pages: 17
Of Quality Leadership And The Difference Between Leadership And Management Within A Health And Social Care Environment, And Explain The Ethical Value Framework Leaders Of Services Should Adhere To STUDENT ID: 213599 06/05/2011 WORD COUNT 3,606 | | Describe The Importance Of Quality Leadership And The Difference Between Leadership And Management Within A Health And Social Care Environment, And Explain The Ethical
Words: 3756 - Pages: 16
1.0 Back ground of the study America and China are two major names in the business industry. Both of it have their own character and ways in handling the business. Understanding the cultural background of these two countries will help us understands the style of each countries in managing the leadership culture. Due to globalization, organizations face many changes. It is such as changes in behaviour and technology. Steffi Biester had said that “Value the differences but also discover the similarities
Words: 4092 - Pages: 17
Brief Introduction Silvio Napoli has been charged with creating a new division of Schindler in India. In addition to creating a new subsidiary and new low-cost elevator strategy in India, Napoli also has the added challenges of incorporating essentially three cultures (Italian, Swiss, and Indian) (Bartlett, C., Fagan, P., Yoshino, M. 2006). It is difficult to know Napoli’s level of adaptation to Swiss culture, so I will consider him to be Italian, and thus discuss his interactions with both Swiss
Words: 3416 - Pages: 14
Successful leadership – how would you know? Boardrooms and business school classrooms are equally preoccupied with leadership, and success is often assumed to be about profit or Total Shareholder Return. It’s neither. For leaders wanting to measure their own success, for those who appoint leaders to know what they are aiming at and for outsiders assessing the quality of leadership, Andrew Likierman shows how to do it. Thinking W as Julius Caesar a successful leader? What about Ghenghis
Words: 3337 - Pages: 14
Being one of the middle management staff in my former company, MTN-Yemen, gave me the chance to observe, wonder, criticize the unprofessional “application of work processes” amid the different departments in the company, and furthermore, implicitly search for possible remedy. Although, by nature, I seek for ideal performance and maximum adherence to standards, I’m convinced that, ironically, we had sometimes to shake the floor or even overthrow the table to beat the traditional, unworthy and effete
Words: 5529 - Pages: 23
recruiting. Journal of Accountancy, 143(4), 49-51. Kunkel. J.H. (1997) three contributions of social psychology to the analysis of the behavior-consequence linkage. The Psychological Record, 47(2), 201-220. Leary, M.R., & Kowalski, R.M. (1990) Impression management: A literature review and two-component model. Psychological Bulletin, 107(1), 34-39. Scales of happiness 1. In general, I consider myself: Not a very happy person 1 2 3 4 5 6
Words: 2828 - Pages: 12
chaotic Taiwanese real estate industry, Chou has realized that a "people centered" business is key to success. While some competitors use price fixing to cheat customers, Sinyi has taken affirmative actions towards applying social responsibility in management concepts. In accordance with Confucian teachings, Chou believes that the needs of both clients and employees should come before profit maximization. If this does not hold true, the firm will loose its value to exist; this makes the firm a co-dependent
Words: 1820 - Pages: 8
Coca-Cola (China), Key Success Factors Analysis [pic][pic][pic] Coca-Cola company from its inception in 1886, has been its delicious carbonated beverage products has swept the world, after enduring 117 years. Coca-Cola entered China in 1927, for some reason after the withdrawal of return to China in 1979, and set up a Coca-Cola (China) Limited. Now Coca-Cola (China) Co., Ltd. has become China's largest beverage joint venture, each of the taxes turned over to the country reached
Words: 5716 - Pages: 23
considered to be one of the leaders in today’s financial industry. In fact, State Street is among the world’s largest global investment firms for institutional investors and high net-worth individuals. The company serves as a bank and trust for asset management, responsible for managing, servicing, researching, and trading for over eighty percent of the top one hundred investment managers. When the United States economy hit an all-time low in 2009, the company’s response was cutting all positions by $10
Words: 4620 - Pages: 19
