Preview

Sinking of the Costa Concordia: A Post Disaster Analysis

Satisfactory Essays
Open Document
Open Document
1207 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sinking of the Costa Concordia: A Post Disaster Analysis
Nick Morales
Week 1 Homework
8/24/14

1. Which internal and external stakeholders are positively and negatively affected by Micky Arison's decision to avoid contact with the media?

Internal and external stakeholders were positively and negatively affected by Micky Arison's decision to avoid contact with the media. Internal stake holders consist of employees, owners, and the board of directors. External stake holders are people of groups in the organization's external environment that are affected by it. Board of directors are the internal stakeholders that were negatively affected by Micky Arison's decision to remain out of the public eye after the Costa Concordia disaster. Also the owners might take a loss in stock if people start to take money out of Carnival. Board of directors are responsible for helping set the organization's overall strategic goals and approve the major decisions. Competitors are the external stakeholders who were positively affected by Micky Arison's decision to remain out of the public eye after the Costa Concordia disaster. Competitors are organizations or people that compete for customers or resources, such as talented employees or raw materials. Competitors may have benefited in business as Arison's silence may have caused customers to lose faith in Carnival and bring there business elsewhere. It clearly is going to negatively effect their customers because of the dangers they think they'll face in seas after the Costa Concordia sinking.

2. Which of the six general environmental forces influenced Arison's decision to avoid communication about the sinking of the Costa Concordia? Discuss.

Out of the six general environmental forces sociocultural forces influenced Arison's decision to avoid communication about the sinking of the Costa Concordia. Sociocultural forces are influences and trends originating in a country's, a society's, or culture's human relationships and values which may affect an organization. I believe that

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mgt/521 Week 3

    • 653 Words
    • 3 Pages

    In this case, like many similar, the internal stakeholders who are effected the most are the…

    • 653 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    b120 tma01

    • 523 Words
    • 3 Pages

    4. External stakeholders are the customers their main concern is getting the best value and quality for their money. The customers play a vital role in your company and the services you have to offer. If both company's merge it will give the customers more choice and a wider range of holidays.…

    • 523 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Stakeholders are people that are affected by business decisions and/or who make those business decisions. Concerning the Case Study: Amtrak Sunset Limited Derailment, the confluence of events led to a great tragedy and in return there were many who were affected by the decisions of all parties involved.…

    • 541 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Stakeholders have something at risk, and therefore something to gain or lose as a result of your organization’s activity. By using their influence, stakeholders hold…

    • 1438 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Discuss the impact of the Lusitania sinking. Did it help pave the way for America's entry into the war?…

    • 469 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Stakeholder for Staples

    • 2016 Words
    • 9 Pages

    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.…

    • 2016 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Of all the characters from Shakespeare’s “Much Ado About Nothing”, Beatrice is perhaps the most interesting. As a brilliant and outspoken, her character is quite the opposite of her cousin, Hero. One must ask, “In what way is Beatrice different from other women during Shakespeare's era?” And furthermore, “for what purpose did the author write her as the firm character she plays as?” Beatrice’s character cannot be adequately pegged down by the interpretation of the reader, as she is both seemingly realistically presented and yet fictionally portrayed by the author.…

    • 1614 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    The stakeholders are individuals or groups of people who affects or be affected by the business organization. The external stakeholders and the internal stakeholders have the effect on the business. The external stakeholders affect the business indirectly in which Amazing One’s stakeholders includes the the customers, suppliers, government and shareholders. The internal stakeholder affects the business directly in which Amazing One’s stakeholders includes the employees, owners and managers. Objectives and influence and how they meet….…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    4.8 I have chosen the above organisations as they are both very similar business setups, therefore they should be slightly harder to evaluate than other businesses that I could have chosen; meaning that I will learn about what exactly happens within a business’s environment, going into detail rather than just scratching the surface. Another reason I have decided to draw comparisons between these organisations is because I have always wondered how Tesco Plc made it to the top of the retail market and how they managed to surpass all competition along the way, such as J Sainsbury Plc.…

    • 2995 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Business Level 3 Unit 1 P2

    • 1026 Words
    • 5 Pages

    Customers are the most important stakeholders in Marks & Spencer’s as they are the people that by there products off of them. They have the potential to make the business or break the business. The customer that buy form Marks & Spence will want to see regular change so that they keep buying there different products, this in turn ill stop them from going in competitors stores and spend their money in those. Marks & Spencer should also evaluate there offers and promotions that they will offer as because the customers will want to see different offers and not the same ones every time that walk in to your store.…

    • 1026 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Lb160 - Tma02

    • 824 Words
    • 4 Pages

    To understand the success and the failures of a business one needs to understand its stakeholders and how their powers and interests affect its environment. This will be discussed in my analysis.…

    • 824 Words
    • 4 Pages
    Good Essays
  • Good Essays

    As Lloyds TSB is a Public Limited Company it has many stakeholders which interact with Lloyds day to day business activities. Stakeholders are individual, groups or even organisation who have an interest or are affected by the business decision or activities. Lloyds TSB has a large workforce employing over 70,000 employees to serve its 16 million customers. Lloyds TSB has both internal and external stakeholders. Internal stakeholders work within the organisation and help achieve the organisations goals objectives these stakeholders are employees, senior executives, co-workers, shareholders, trade unions, merged (alliance) partners. On the other hand external stakeholders tend to influence the…

    • 621 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Ethic Essay

    • 2643 Words
    • 11 Pages

    Stakeholders are the people who have direct influence on and/or from the business. Following are the key stakeholders in this case study and what has happened to them in the context:…

    • 2643 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    We all know the story of the Titanic, a luxurious ocean liner that set sail from Southampton, England in route to New York but never made it. Titanic was carrying the wealthiest British and American aristocrats and the ship was built with them in mind.[i] This ship was designed for luxury, not safety. The ship and staff were unprepared for the events that would unfold the evening of April 14, 1912. Titanic’s fatal evening was due to a number of careless acts. The fatalities that resulted from these events could have been prevented or at least lessened.…

    • 680 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    Mgt 420

    • 571 Words
    • 3 Pages

    Internal stakeholders are usually the employees, the owners of the business or company, and the managers within the company that carry out the day to day functional operations. External stakeholders are usually the suppliers of that business and finally the customers. Without either one of these two main ingredients the company is more likely to fail within the first five years. Another important stakeholder for a particular business usually the makeup of the community in which it is operating. Within the community are also the customers and employees of the company. They basically play a dual role as stakeholders because of this. The internal and external stakeholders are often referred to as primary and secondary. Primary stakeholders play the most important role in the way a business runs. Their voices are heard and usually the results are the plans and operations implementation. In various huge company’s they can often vote to remove the hierarchy if they feel the company is not being run properly from the top down. Secondary stakeholders often have less influence on the overall company operation (http://www.ehow.com).…

    • 571 Words
    • 3 Pages
    Good Essays

Related Topics