This assignment seeks to help you understand the answer to a broader concern and that is, who runs organizations?
Please answer the following questions:
• What are the key stakeholders of an organization and the claims of each?
• What are some of the problems facing organizations in their quest to satisfy stakeholder claims?
• Where do authority and responsibility reside within an organization,
and why do they reside at those levels?
• What is the agency problem?
• What are the mechanisms that can be used to align managerial behavior with organizational goals?
• What role do ethics play in an organization?
When responding to the questions in this chapter, consider the differences between a government organization, a for-profit company and a not-for-profit organization. Do incorporate in your responses, examples from these three types of organizations.