The stakeholders include any person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies. Key stakeholders in a business organization include creditors, customers, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Riordan’s key stakeholders are listed below:…
Stakeholders are those individuals and groups that have an investment, share, or interest in an organization. In this scenario that includes PharmaCARE, CompCARE a subsidiary of PharmaCARE, Wellco a large drugstore chain which purchased CompCARE, PharmaCARE’s management and investors, and the African nation of Colberia.…
The stakeholders within PharmaCARE are all the individuals and groups that are affected by the company’s decisions. The stakeholders in this scenario include PharmaCARE, a successful pharmaceutical company, CompCARE, a subsidiary of PharmaCARE, Wellco, a large drugstore chain, the employees of the various companies, the African nation of Colberia and the Colberians. All of these stakeholders have a stake in the outcome.…
PharmaCARE is one of the world’s most successful pharmaceutical companies. It has a reputation for producing high quality products that saved millions of lives, and enhance the quality of millions of others. The company sponsors a program that offers free and discounted medication to low income customers. PharmaCARE has many stakeholders. Stakeholders being any one or group owning a significant percentage of a company shares, or a person or group not owning shares in an enterprise but affected by or having interest in its operation.(W.Dictionary) Having established the definition of a stakeholder, one can concur that PharmaCARE has plenty. When identifying the company’s stakeholders the first that come to mind are the investors, shareholders and employees, without these people the company would cease to exist. The secondary stakeholders are the customers, suppliers, communities, clinics, hospitals, and doctors’ offices, all of these groups have an interest or will be affected by the operations of PharmaCARE.…
Stakeholders are individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers1. There are several different types of stakeholders associated with a corporation, and those stakeholders can have different views and opinions on what corporation 's goals should be and how they should be running. I have interviewed three different stakeholders of Staples Inc., an employee, a customer and a stock holder, to find their relationship between them and the firm. Then, I will use this information to suggest how the firm should proceed and continue to have a better and more beneficial relationship with its stakeholders.…
Second, Company Q should definitely keep health-conscience and organic products and maybe even have varieties of it to make that their “thing”. This is another way to please the local customers since they have been requesting these products for…
Stakeholders are those groups and individuals who affect and are affected by the achievement of the organization's mission, goals, and strategy. Identify the stakeholders in Panera's success. How can collaborating with key stakeholders help Panera execute its strategic plan? Strategic decision making is one of the most exciting and controversial topics in management today. In fact, many organizations currently are changing the ways they develop and execute their strategic plan. So by planning and collaborating with each other they can have great…
There is an increase in governmental and public analysis regarding food safety. Whole Foods believe customers shop Whole Foods because of their concentration in health, nutrition, and food safety. Customers hold Whole Foods to a higher food safety standard than other supermarkets. The perceived or actual sale of contaminated food products could result in “government enforcement action, private litigation, product recalls and other liabilities, the settlement or outcome of which might have a material adverse effect on our operating results” ("U.S. Securities And Exchange Commission," 2012).…
Unlike shareholders who are solely interested in return dividends and share price growth, stakeholders have wide variety of interests in how companies operate. Freeman (1984) stated that stakeholders are, “any group or individual who can affect or is affected by the achievement of the organization’s objectives”. The main objective for firms is profit maximization and for this reason I agree to a certain extent that large corporations abuse their power against stakeholders.…
These days consumers are more sensitive to issues dealing with food safety. There are many bacterias in food these days that people don't even know about. For example: in 2009 salmonella had an outbreak by A man named Stewart Parnell. He shipped peanut butter with salmonella and, there were nine deaths linked to the company's plant, which resulted in twenty eight years in prison for Parnell.…
A stakeholder is a person, group or organization that has interest or concern in an organization (businessdictionary). Generally the common characteristics stakeholders might have are if they stand to gain or lose through the success or failure of the company. “A corporate stakeholder can affect the actions of a business as a whole” (businessdictionary). PharmaCARE is a well-reputed company whose number one goal is to produce quality care products across the world. PhramaCARE’s prime stakeholders include CompCARE, employees and the employers. Any decision PharmaCARE makes can either be a negative or positive…
on this product. Everyone deserves to know what they’re eating and if the company doesn’t inform customers of the types of ingredients inside their products then I believe they fail on their part and deserve to get blamed. However if the company does take all those precautions and the customer still ends up with an illness or gets obese then that’s the individual’s responsibility. Overall I believe that its both individual and corporate responsibility for any type…
Stakeholders are the people, groups or organisations that have a direct or indirect stake in an organisation and can be affected by the organization's actions, objectives, and policies. Key stakeholders in a business include, customers, employees, shareholders, government, suppliers, and the community and society in which the business operates.…
Stakeholders can be anyone, both internal and external, with a vested interest in your organisation. They can include employees, clients, colleagues and customers… in fact anyone who may be affected by your operations.…
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…