Question

discuss the relevance of Responsible Stewardship in the context of economic analysis and organizational architecture.

Answer 1

Answer:

Saint Leo University bases itself business structure and education experience on six, main core values. Responsible stewardship, as defined by Saint Leo University, the ability to use all the available resources in order to fulfill a particular mission or goal ( Saint Leo University, n.d. ). Throughout this course, we have learned critical components of the economic fields and how such are crucial in order for organizations and firms to be successful within today's business world. The first four weeks of our course, we have learned that companies must use the available resources in order to make major decisions at the lowest, possible cost. This core allows firms to seek or implement resources in order to make better economic decisions that would eventually lead their companies to be successful within their market.

The last four weeks, we have learned the importance of organizational architecture and corporate culture. Within this aspect, companies must implement responsible stewardship in order for their firms to be able to create and capture value. This would allow business to effectively arrange their decision-rights arrangements, compensation plans, and performance evaluation systems in order for their firms to create and capture value.

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