Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588
Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588

Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?

This sample paper on (Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?) was uploaded by one our contributors and does not necessarily reflect how our professionals write our papers. If you would like this paper removed from our website, please contact us our Contact Us Page.

A Database of over Million Scholarly Resources. Start your Search Now

Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?

In essence, a corporate executive is obliged to be responsible for the general profitability of the institution for which they aid (Brammer, Jackson, & Matten, 2012). Their action, as long as it is within the confines of laws should be aimed at creating stability within the company. Notably, most of the corporate companies are owned by a group of shareholders who are very demanding for a noticeable return on their investment (Brammer, Jackson, & Matten, 2012). As such, a corporate executive is obliged to work towards the achievement of the various demands of the company’s shareholders. Ensuring that the organization gains profits and a competitive market advantage is vital to these corporate executives (Brammer, Jackson, & Matten, 2012).

Notably, most shareholders in corporate companies have expanded interests that revolves within a number of fiduciary obligation (Brammer, Jackson, & Matten, 2012). With an objective of serving the interests of the corporation together with that of the respective shareholders, the corporate officers should also focus primarily on the profitability of the corporation they serve. However, it is very much apparent that most of the shareholders in the 21st century are increasingly becoming sophisticated and demanding (Brammer, Jackson, & Matten, 2012). Therefore, an executive officer in a corporation is obliged to pay attention to the specific demands and direction as purported by the shareholders (Brammer, Jackson, & Matten, 2012). Arguably, the 21st century shareholders are assumed to comprehend the virtues that pertains to the sustainability of corporate culture and role of the company to the society. As such, most of the stakeholders have accorded the executives expanded responsibilities other than just the profitability of the company (Brammer, Jackson, & Matten, 2012). For instance, the corporate social responsibility is currently an obligation of corporate executive in any viable institution.

Per se, a corporate executive must enact a comprehensive short and long-term plans crucial in moving the company forward (Brammer, Jackson, & Matten, 2012). These entails innovating product ideas, a decision on a viable product diversification plan and entry into a new market. The executive is tasked with remaining updated on the current market trends and a determination of the specific needs of the company (Brammer, Jackson, & Matten, 2012). The development and provision of comprehensive frameworks in the company is a prerogative of an executive. With an ever increasing sophistication in the corporate structures, the roles of such executives are becoming more diversified. For instance, the identification of an active customer base and comprehending the needs and specific requirements of the clients remains one of the priorities of a company executive (Brammer, Jackson, & Matten, 2012). The first obligation should be serving the interest of the company’s clients. Correspondingly, designing a relationship between the clients and the workforce and among the employees will determine the extent of survival and profitability of an institution (Brammer, Jackson, & Matten, 2012).

Being responsible entails much more to the corporate executives who are obliged to go through lives that revolves around ensuring the success of the company. Some level of personal responsibility must be depicted in the life of an executive and the profitability of the establishment should be a commitment (Bowen, 2013). The role of an executive spins mostly around profitability, a fact many scholars are beginning to question. Little attention is given to their role and responsibility to the community from which they serve. The community being a significant component of a corporate cycle must be held in high esteem by the top management in an institution (Bowen, 2013). Therefore, a corporate executive is also responsible for drafting comprehensive plans that stipulates ways to be used in ensuring the community also benefits from the profitability of the institution. For example, initiating community help programs such as town clean-up activities as a way of giving back to the society is crucial to the general survival of an institution (Bowen, 2013).       

Chief executives have well stipulated fiduciary obligations according to law that includes; a duty to care for the wellbeing of the company and a duty to remain loyal. Just like the shareholders, the executives, according to law holds the same responsibilities and obligation to the corporation (profitability) (Tricker, 2015). To most people, the role of an executive in an institution is more of oversight and management duties, a fact that is vehemently refuted by some scholars. Well-equipped with high standards of education and training, a corporate executive plays a crucial role in the development of the cognitive aspect of the employees. For instance, as a result of their invaluable experiences and expertise, the company employees will learn some of the important management skills from the corporate executives (Tricker, 2015).                  

In conclusion, the traditional idea of profitability as the primary role of a corporate executive should be considered as a wayward mentality. The idea of making money, though noble, is a well-rounded paradigms that surrounds the responsibility of a corporate executive. Additionally, the company stakeholders should not limit the role and jurisdiction of the executives. As long as their actions are what a reasonable man will describe as legal under corporate laws, a 21st century executive is more responsible both to the company and to the society.

 

 

 

 

 

References

Bowen, H. R. (2013). Social responsibilities of the businessman. University of Iowa Press.

Brammer, S., Jackson, G., & Matten, D. (2012). Corporate social responsibility and institutional theory: New perspectives on private governance. Socio-Economic Review, 10(1), 3-28.

Tricker, R. I. (2015). Corporate governance: Principles, policies, and practices. Oxford University Press, USA.

Sharing is: CARING

Are you looking for homework writing help? Click on Order Now button below to Submit your assignment details.

Homework Writing Help
We Can Help you with this Assignment right now!
Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?

Are you looking for homework writing help on (Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?)?Well, you can either use the sample paper provided to write your paper or you could contact us today for an original paper. If you are looking for an assignment to submit, then click on ORDER NOW button or contact us today. Our Professional Writers will be glad to write your paper from scratch.

We ensure that assignment instructions are followed, the paper is written from scratch. If you are not satisfied by our service, you can either request for refund or unlimited revisions for your order at absolutely no extra pay. Once the writer has completed your paper, the editors check your paper for any grammar/formatting/plagiarism mistakes, then the final paper is sent to your email.

Writing Features

Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?

Privacy| Confidentiality

Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?

We do not share your personal information with any company or person. We have also ensured that the ordering process is secure; you can check the security feature in the browser. For confidentiality purposes, all papers are sent to your personal email. If you have any questions, contact us any time via email, live chat or our phone number.

Our Clients Testimonials

  • I appreciate help on the assignment. It was hard for me but am good to go now

    Impact of pollution on Environment
  • Am happy now having completed the very difficult assignment

    Creative Message Strategies
  • Your writer did a fine job on the revisions. The paper is now ok

    Ethics: Theory and Practice
  • The paper was so involving but am happy it is done. Will reach you with more assignments

    Title: Privatization in or of America
  • I expected perfection in terms of grammar and I am happy. Lecturer is always on our head but was pleased with my paper. Once again, thanks a lot

    Title: Bundaberg Inquiry
  • The paper looks perfect now, thank to the writer

    Health Care Systems
  • You helped me complete several other tasks as you handled paper. wonna thank you

    Critique Paper on Political Change

Related Articles

Sample Paper on where, in General, does the Responsibility of the Corporate Executive Lie?

Get more from us…

Would you like this sample paper to be sent to your email or would you like to receive weekly articles on how to write your assignments? You can simply send us your request on how to write your paper and we will email you a free guide within 24-36 hours. Kindly subscribe below!

Email Address: support@globalcompose.com