Describe how leaders manage and balance the duties of corporate governance, compliance, and regulatory issues with the needs of their stakeholders, while also satisfying competitive demands of the marketplace. Use citations and references in APA style.

In response to your classmates, comment on their description of leadership duties regarding managing and balancing governance and decision-making processes for their impact on stakeholders and corporate culture. Do you agree or disagree with their evaluation? Cite specific examples supporting why you agree or disagree.

Instructions: In response to your classmates, comment on their description of leadership duties regarding managing and balancing governance and decision-making processes for their impact on stakeholders and corporate culture. Do you agree or disagree with their evaluation? Cite specific examples supporting why you agree or disagree.

Student:Dipesa

The company I am researching is Pathways Healthcare. Pathways has a good amount of strengths within its market domain. With a lot of strengths and weaknesses comes a lot for the leaders of the company to manage and balance. Their strengths can be used to market the company a certain way and makes them able to attack their biggest weakness. Their biggest weakness as a company isn’t an internal factor but is an external one. Their biggest weakness is the amount of competition in they are up against in the home care market domain. The minimal barriers new companies need to go through to start up aids to this problem. Their biggest strength helps negate this weakness and helps the company continue to grow and stay on the right path. Their biggest strength is their unique home care model and their proven reliability that is backed by hard data which shows their model is more enhance. Their model is better for the patient and new home care companies will continue to come around, but none can match what Pathways Healthcare has established and will continue to do.

“Over the last several years, the external environment in which public companies operate has become increasingly complex for companies and shareholders alike. The increased regulatory burdens imposed on public companies in recent years have added to the costs and complexity of overseeing and managing a corporation’s business and bring new challenges from operational, regulatory and compliance perspectives. In addition, many U.S. public companies have a global profile; they interact with investors, suppliers, customers and government regulators around the world and do so in an era in which instant communication is the norm.” (Business Roundtable, 2016)

Pathways Healthcare has a different kind of home care model but not many people are even aware the company exists. They are a physician group practice dually licensed in home care which allows them to bring doctors and nurse practitioners into their patient’s homes. This higher level of care brings higher results, keeping their patients home rather than having them bouncing back to the hospital. An intrapreneurial opportunity Pathways Healthcare has is to launch a marketing project that reaches the right cliental. The marketing plan Pathways has now is feet to the ground marketing to inpatient and outpatient facilities with their marketing liaisons. They do not have a strategic advertising marketing plan to reach patients and other referral sources directly. If they were to explore the idea of starting and executing a full-blown marketing campaign with digital and radio ads, they could increase their census of patients and possibly reach more referral sources.

References: Business Roundtable. (2016, September 8). Retrieved from https://corpgov.law.harvard.edu/2016/09/08/principles-of-corporate-governance/

Student Yu:

According to Weiss (2014), the CEO and top-level managers are hired to maximize profits for the owners and shareholders.

The board of directors is responsible for overseeing the direction, strategy and accountability of the officers and the firm.  Since they also have to address concerns for competitive demand in the marketplace, leaders would have to adopt the use of corporate social responsibility.    “Managing corporate social responsibility from the corporate board of directors the marketplace requires commitment, and significant time, effort and resources from the organization” (Weiss, 2014).  Though it’s not an easy task to accomplish maximizing profits while also thinking about its external stakeholders, leaders have a social responsibility to plan for corporate sustainability and its success in the future.    

A good example of this balance would be Burt’s Bees.  “To remain on top of environmental practices, they host educational sessions for their employees on a regular basis. Looking to the community, they created 

The Greater Good Foundation

 to contribute toward non-profit initiatives that align with their practices and beliefs. Burt’s Bees is also a proud partner with Habitat for Humanity in their local community” (Wild, 2017).  Not only does Burt Bee’s maintain a business, but they also help support the public in initiatives that are becoming a growing concern for the environment.  

-Jason