Question 1

Managers are responsible for carefully identifying and analyzing the stakeholders influencing the organization.What are some things a manager can do to ensure they respond appropriately?

Accepted Answer

The answer of Managers are responsible for carefully identifying and...

Question 2

One of the main issues in the banking industry today is executive compensation.

Accepted Answer

Executive compensation has been a highly debated issue in the banking industry, with many questioning the excessive pay and bonuses received by top executives despite poor performance and ethical lapses.

Question 3

In order for the successful implementation of issues management there must be support from top management and broad participation at the staff levels.

Accepted Answer

Top management support and staff participation are crucial for the effective implementation of issues management. Without support from top management, it is difficult to initiate and sustain a proactive issues management approach. Broad participation at staff levels ensures that all departments are aware of potential issues and can work together to address them.

Question 4

Norman Augustine formulated an alternative to Fink's anatomy using only three stages: avoidance,preparation,and resolution.

Accepted Answer

Norman Augustine did not formulate an alternative to Fink's anatomy using only three stages: avoidance, preparation, and resolution. Fink's Taxonomy of Significant Learning is a different educational framework, and Augustine is known for Augustine's Laws, which focus on business and management, not educational stages.

Question 5

An example of a crisis for management can be seen in the situation of XL Foods, operating in Brooks,Alberta,when it was discovered that E.coli was present in beef,but the plant was allowed to continue to operate for about ten days after that discovery.

Accepted Answer

The situation described is a real crisis that occurred for management at XL Foods in Brooks, Alberta. It was discovered that E.coli was present in their beef products, but the plant was allowed to continue operating for approximately ten days after the discovery before it was shut down by the Canadian Food Inspection Agency. This crisis caused a recall of millions of pounds of beef, and severely damaged the reputation of XL Foods.

Question 6

One of the main issues in the pharmaceutical industry today is unionization.

Accepted Answer

While there may be some issues with labor relations in the pharmaceutical industry, unionization is not currently one of the main issues. Other major concerns include drug pricing, regulatory compliance, and patent expiration.

Question 7

In Fink's Anatomy of a Crisis,the acute crisis stage is the point at which the situation resolves itself.

Accepted Answer

The acute crisis stage is actually the point at which the situation reaches a peak of intensity and urgency, and may require outside intervention or resolution efforts to prevent escalation or further harm.

Question 8

One of the issues which resulted from the E.coli crisis at XL Foods was that the cattle industry was concerned about their future as consumers may purchase less beef,and that there may be damage to international markets.

Accepted Answer

This is a fact mentioned in news reports and industry analysis following the E.coli crisis at XL Foods. The outbreak led to a widespread recall of beef products and a loss of consumer confidence, which could have long-term effects on the industry's reputation and sales. There were also concerns about export markets, particularly in Asia, where there were fears of stricter regulations and potential trade barriers.

Question 9

Early identification of an emerging issue that deals with conflicting value and interest is important.

Accepted Answer

Early identification of conflicting values and interests can help prevent the issue from escalating and causing greater harm or conflict. It allows for proactive measures to be taken to address concerns and find solutions that can benefit all parties involved.

Question 10

In Fink's Anatomy of a Crisis it is argued that the outcome is not necessarily always negative,and that positive outcomes may result from a crisis.

Accepted Answer

Fink's Anatomy of a Crisis argues that positive outcomes may result from a crisis, it is not always negative.

Question 11

The issues management process,while helpful,does not ensure that the most salient or critical issues are addressed.

Accepted Answer

The answer of The issues management process,while helpful,does not ensure...

Question 12

Identifying issues can be done in many ways,for example,environmental scanning,social forecasting and public issues scanning.

Accepted Answer

Identifying issues can indeed be done through various methods, such as environmental scanning, social forecasting and public issues scanning.

Question 13

List the main ethical issues in the automotive industry.

Accepted Answer

The answer of List the main ethical issues in the...

Question 14

Outline the benefits to practicing issues management.

Accepted Answer

The answer of Outline the benefits to practicing issues management....

Question 15

One of the main issues pertaining to the automotive industry in Canada is green manufacturing.

Accepted Answer

The automotive industry in Canada has been facing pressure to adopt more sustainable and environmentally friendly practices, including green manufacturing. This involves reducing emissions, waste, and energy usage in the production process, as well as using more renewable materials and technologies.

Question 16

What are the main arguments from those who oppose the stakeholder concept?

Accepted Answer

The answer of What are the main arguments from those...

Question 17

What are the arguments for and against the recognition of the environment as a stakeholder?

Accepted Answer

The answer of What are the arguments for and against...

Question 18

Once an issue has progressed through the issue life cycle to the decline stage,it is considered to be resolved.

Accepted Answer

The decline stage in the issue life cycle indicates that the issue is becoming less significant or less actively discussed, but it does not necessarily mean the issue has been resolved.

Question 19

Ideally,the issues management approach should be implemented quickly with a forceful,concentrated effort by senior level management leading the way.

Accepted Answer

The answer of Ideally,the issues management approach should be implemented...

Question 20

Outline Mintzberg's categorization of stakeholders.What is a shortcoming of this approach?

Accepted Answer

The answer of Outline Mintzberg's categorization of stakeholders.What is a...

Quiz 3: Identifying Stakeholders and Issues