Critically discuss the paradox (responsibility vs profitability) in relation to strategy –Bring in relevant literature.

FOR EXAMPLE, FOR TOPIC 1, AN INDICATIVE STRUCTURE FOR YOUR ANSWER LOOKS LIKE THIS:

(This is excerpted from the session slides available on Moodle under Week 1 Tab):PART a)

  1. Engage in a debate on strategic purpose of the firm: mission, purpose and value.
  2. Critically discuss the paradox (responsibility vs profitability) in relation to strategy –Bring in relevant literature –e.g. Friedman (1970) vs Freeman and Reed (1983)
  3. What are the most relevant pros and cons of each view? Support with examples
  4. How is it done in practice?
  5. Discuss stakeholder mapping Can both views be correct? Can both views be wrong? Why?

 

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