QUESTION What are your own views of the strengths and weaknesses of the stakeholder and shareholder models of governance? QUESTION CASE STUDY 5 Group the various key stakeholders discussed in this...

What are your own views of the strengths and weaknesses of the stakeholder and shareholder models of governance?


QUESTION What are your own views of the strengths and weaknesses of the stakeholder and shareholder models of governance? QUESTION CASE STUDY 5 Group the various key stakeholders discussed in this case (economic, social/political, community and technological). What risks do key stakeholder groups face (including Diageo)? QUESTION WORK ASSIGNMENT 6 Identify a company reputed to have a strong and positive culture (e.g. via Fortune’s ‘Best Companies’, Glassdoor’s ‘Best Places to Work’ or LinkedIn’s ‘Most In-Demand Employers’). What is attractive about this company’s culture, how is it sustained and to what extent is it a competitive advantage 6.3 WHAT IS CULTURE AND WHY IS IT IMPORTANT? There are many ways to define culture, but typically definitions emphasize a set of taken for-granted beliefs and values that are shared within a group. What individual managers believe in and value obviously influences their strategic decisions. Strategy is influenced by culture, therefore. However, because we all belong to many groups, these cultural influences can be very diverse. As in Figure 6.3, we shall analyze three kinds of cultural influences: geographical cultures, field cultures and organizational cultures and subcultures, all of which impinge on individual managers QUESTION CASE ASSIGNMENT 6 With an eye to elements of the cultural web (Section 6.3.5), analyze the culture of Barclays’ investment banking business.