Explain and discuss the relationships of sustainable thinking to crisis management and total quality management paradigms. Be sure to also discuss and explain how systems thinking can help understand the motivations of individuals, groups, organizations, economies, and nations to participate in social change and corporate social responsibility (CSR) initiatives.© BrainMass Inc. brainmass.com October 25, 2018, 6:40 am ad1c9bdddf
In this paper we have discussed the relationships of sustainable thinking to crisis management and total quality management paradigms. We have also explained how systems thinking can help understand the motivations of individuals, groups, organizations, economies, and nations to participate in social change and corporate social responsibility (CSR) initiatives.
Sustainable thinking help and encourage organizations to create an atmosphere where employees and organizations become motivated to shift their beliefs and transform their cultures to produce environmentally, socially and economically sustainable results. We are living in a world that is full of crisis and the most urgent crises involve environmental crises such as ozone layer depletion, global warming, toxic and radioactive wastes, air pollution, industrial accidents, radioactive hazards etc. are affecting the environment and communities around the world. These environmental crisis are affecting the whole world and so the organizations and society.
Sustainable thinking helps organizations focus on environment and society. It is impossible to achieve sustainable system for organizations without taking people, society and environment into considerations. Quality and crisis management are the elements of sustainable system. If an organization takes initiative in minimizing its future threats and adopting quality ...
The solution discusses relationships of sustainable thinking to crisis management.
Potential Problems with an Agency Relationship
The recent experience of the U.S. financial sector with the so called subprime crisis and the attendant attempts at financial market reform have centered to some large extent on the behavior of executives in those firms who have had alleged conflict of interest relationships. In financial theory we call this "the agency problem" and have an extensive body of literature and research on the topic.
What precisely is an agency relationship, what potential problems do these relationships cause, what are their costs, and what can firms do to either eliminate or reduce these potential problems and costs?
Please explain in detail.
Please support your response with a minimum of three quality academic and/or industry references.
Examples of acceptable references include:
The Financial Times
The Wall Street Journal
The Journal of Finance
Harvard Business Review
Examples of unacceptable references include:
? Yahoo Answers
? Personal blogs.