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Business

Management

could shareholders sue its directors for the inconsistency

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter5: Ethics, Corporate Responsibility, And Sustainability

Section: Chapter Questions

Problem 8CTQ: How would a stakeholder approach, if taken by the companys top leaders and board of directors, have...

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Concept explainers

Foreign Market Entry

Foreign market entry allows firms to sell their goods and services in the international market and expand their business in non-domestic markets. There are many foreign market entry strategies. A firm must take into account internal and external determinants while choosing the appropriate foreign market entry strategy. Few internal determinants include the firms’ objectives and global exposure, and the company’s financial and human resources. The external determinants include marketing, shipping, transportation costs, and degree of political, economic, and operational risks. Also, they involve the market size, competition level, and government laws of the targeted foreign market.

Question

Forbes Magazine named Exxon Mobil “Green Company Of The Year” in 2009 for its focus on natural gas (as opposed to coal). However, in the same year, Exxon Mobil was lobbying heavily against the scientific consensus that climate change was occurring and that it was mainly caused by the burning of fossil fuels. If Exxon was was a benefit corporation , could shareholders sue its directors for the inconsistency?

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