Stakeholders And The Corporate Mission- Houghton Mifflin Company
- Topics:
- Business Ethics
- Tags:
- Business Operations,
- Corporate Governance,
- Corporate Governance Framework,
- Corporate Law,
- Leadership,
- Management,
- Strategic Management,
- Strategy
- Source:
- Houghton Miffin Company
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Overview: An organization’s strategy is the roadmap towards fulfillment of its corporate mission. The strategic inputs, actions and outcomes define the strategic management process. An effective and efficient strategic management process is imperative for the organization to sustain its competitive advantage in the market. The prime aim of the organizational strategy is to maximize the stakeholders’ returns. In this way, the stakeholder, and the organization’s corporate mission is linked through its strategy. Corporate Governance (CG) is a framework consisting of laws, institutions, and practices to determine and control the strategic direction and performance of the organization. An efficient CG framework adds value to the strategic management process and helps in streamlining it. The paper discusses these issues.
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Format: HTML | Size: 170KB | Date: Jan 2001 | Pages: 12
