The stakeholders might be any group of people involved in business interactions with the company. Among most significant for the business success are customers, employees, and shareholders. The customers want and need quality and awareness of the product they are paying for. This includes correspondence of the product technical condition to the safety requirements; functionality of the mechanisms due to the guarantee; provision of customer with all product information. The employees expect to have the decent job opportunities with the appropriate reward. The shareholders expect to make a profit from the company’s successful sales and business conduct (Pearce J.A., & Robinson R.B., 2003). In regards to the stakeholders of the Toyota Corporation, Toyota’s aggressively implemented a variety of measures to…
Yvon Pesqueux, Salma Damak-Ayadi, (2005),"Stakeholder theory in perspective", Corporate Governance, Vol. 5 Iss: 2 pp. 5 - 21…
Stakeholders are all groups and individuals who have an interest in the company being analysed. In order to focus on these groups which have the power to influence, corporate level activities have to be identified first. This can include large shareholders, governments and trade unions. The power and interest of those stakeholder groups have an impact on the process by which strategy develops at the corporate level and in each individual business. (Williamson et al, 2004, pg. 9)…
The main issue that is described in this case study is the impact of uninsured is great for many of the stakeholders that are involved. The main problem here is that there doesn’t seem to be a solution anytime soon. Unemployment continues to be a major concern and without a job insurance is not very probable. In mid-September the US Census Bureau reported that the number of people without health insurance increased in 2009 to an all-time high of 50.7 million. Much of this increase can be attributed to the loss of employer-sponsored health coverage as the recession worsened during 2009--but even before the recession, the number of uninsured had reached a crisis point (Molyneux, 2010).…
I had to use this format because I didn't know how to create a chart. Thanks…
2. Rate the assumptions and plot them according to their plausibility and importance. (Refer to Figure 3.16, “Distribution of warrant by plausibility and importance.”)…
The development sector is awash with participatory methodology, in part as a result of and a continued commitment to the Paris Declaration, but equally as a means to lend credence and legitimacy to development activities and interventions. One such methodology is the stakeholder analysis which is, agreeably, rather a nice tool and very much in keeping with current development themes of local empowerment and participation. From big international institutions down to small grassroots organisations, it is all about the stakeholder and everyone is falling over themselves to be seen as involving them from programme conceptualisation to deployment and implementation through to completion and evaluation. So much so that Prell (2007) has said stakeholder analysis has ‘... gained attention and is now integral to development initiatives’* (p. 1)*.This essay aims to critically analyse stakeholder analysis by exploring how – as a tool for development – it has been deployed in the implementation of development interventions. It will delineate the process, highlighting its utility at the same time as paying attention to criticisms that have been levelled against it. Emphasis will be placed on the importance of the definition and or identification of the ‘stakeholder’ stage, which is central to the whole process and a key determinant of the overall outcome of the process. In particular, it will question the misplaced view of the stakeholder as static. The essay will then conclude by arguing that on balance, useful as the tool may be, as is characterised by its ubiquitous use, the ‘stakeholder’ still presents a grey area, one that has – as one example will show – led to the need by some practitioners to deploy it in conjunction with other tools. Crucially, and in the absence of a single viable alternative, more study is required if it is to continue to be widely used.…
10. The interests of different stakeholders often coincide. True False 11. Stakeholders involved with one part of a company often may have little or no involvement with another part of the company. True False 12. Some scholars have suggested that managers pay the most attention to stakeholders possessing the least salience. True False 13. Urgency refers to the extent to which a stakeholders actions are seen as proper or appropriate by the broader society. True False 14. A stakeholder map is a useful tool, because it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholder tend to be in favor or opposed. True False 15. The external environment of business is static. True False…
Stakeholders are the lifeblood of an organization. These are the groups of people that without which a company would cease to be. The report notes most importantly that both companies consider their employees and cliental as their most valuable stakeholders.…
Stakeholder can be defined as a party that affects or can be affected by the actions of the business[2], which may be include shareholder, creditors, employees, customer, supplier and government. Under the principle of the company law, directors and officers owe duties to the company as a whole but not to the other person or group rather that shareholder as they are the residual owners of the company’s assets. As a result, it can be said that a scope is limited by the statutory duties to the company’ director and officer is to act the best interest of shareholder, any benefit is acting on the other group of the stakeholder (such as the creditor) will beyond the scope of director’ power. In addition, an essential problem might be arisen…
Stakeholder power is an important factor to consider whenever you are asked to write about the relationship between a business and its stakeholders. In the context of strategy, what is important is thepower and influence that a stakeholder has over the business objectives…
The world that corporations face today is considerably more complex than they have ever been. Technological advances have rendered operation of corporations considerably more visible than they have ever been, resulting in increased demands for greater corporate transparency and accountability. One response to these shifts by corporations has been to collaborate with stakeholders who represent interests outside of traditional corporate interests. This paper will evaluate the efficacy of stakeholder engagement (SE) as it applies to global corporations. It proposes that potential of SE to maximize business integrity is undermined by elusiveness of the stakeholder concept and problems that flow from it.…
When identifying affected stakeholders, a systematic approach often works well, starting with delineating the project’s geographic sphere of influence. Here, think not only about the primary project…
products offered are of various type of local food and western food that has been…
Thompson, P. (2010, June 7). Stop blaming uk for bp oil spill disaster: Cable hits out at america read more. Mail online. Retrieved from http://www.dailymail.co.uk/news/article-1284125/Stop-blaming-UK-BP-oil-spill-disaster-Cable-hits-America.html…