INTERNATIONAL JOURNAL OF BUSINESS STUDIES VOL 15‚ NO1‚ JUNE 2007: pages 1 of 13 A STAKEHOLDER VIEW OF STRATEGIC MANAGEMENT IN CHINESE FIRMS Dr Xueli Huang1 Dr Scott Gardner2 Despite the fact that China has emerged as a driving force of the world economy over the last decade‚ little research has been undertaken into how Chinese firms strategically manage their businesses. This paper develops a theoretical framework of strategic management in the Chinese firms through reviewing and synthesising
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Reading 3.1 : Global Dialogue with Capital Market Stakeholders The rules‚ processes and institutions that govern the global capital markets are struggling to keep up with the constant innovation of the 21st century. Today’s investors demand financial reporting they can trust and businesses are trying to find the right way to express this information while regulators are seeking to promote investor confidence and market integrity. This is an article written by the worlds 6 largest audit firm
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A stakeholder is someone who has an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of a business. Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit. Customers Customers are arguably the most important stakeholder. This is because they are the main source
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Jaguar Land Rover has five engaging stakeholders that are required to make sure that their strategy addresses important issues. Apart from this‚ these stakeholders should also be able to help them in understanding their impacts of sustainability along with a way forward to tackle these impacts. The five key stakeholders of Jaguar Land Rover are customers‚ NGOs‚ policy makers‚ industry organizations and education & communication. Customers Customers express their views related to products by providing
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history of the organization. 2. Provide a clear‚ concise statement of the problem(s)/issues(s). 3. Identify primary and secondary internal and external stakeholders affected‚ describe their stakes in the issue‚ analyze the situation for effect on these stakeholders‚ and describe the issues and impact from the stakeholders’ views. 4. Summarize the primary and secondary ethical issues(s) involved. 5. Describe the organization’s strategy in dealing with this issue(s)‚ critique
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Stakeholders may perceive different harms and cannot be managed in isolation Risk identification will require presentation and justification to different stakeholders Identify stakeholders‚ risks‚ and develop a risk response All should hold the same ideas of potential risks within the organization Keeps the organization disciplined and proactive Reaches out to the stakeholders and influences them Be creative and energetic when
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Stakeholder theory has been articulated in a number of ways‚ but in each of these ways stakeholders represent a broader constituency for corporate responsibility than stockholders. Discussions of stakeholder theory invariably present contrasting views of whether a corporation’s responsibility is primarily (or only) to deliver profits to the stockholders/owners. Milton Friedman’s (1912-) now-famous pronouncement that the only social responsibility of corporations is to provide a profit for its owners
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this article that leadership takes place in interaction with a multitude of followers as stakeholders inside and outside the corporation. Using an ethical lens‚ we discuss leadership responsibilities in a stakeholder society‚ thereby following Bass and Steidelmeier’s suggestion to discuss ‘‘leadership in the context of contemporary stakeholder theory’’ (1999: 200). Moreover‚ from a relational and stakeholder perspective we approach the questions: What is responsible leadership? What makes a responsible
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An American Right A long-standing right to citizens of the United States is dwindling at the hands of government officials. The right to bear arms‚ protected by the 2nd amendment has been up for debate nationwide for over a decade. Fearing that the right to private gun ownership will soon be diminished‚ the topic has gained the attention of people nationwide. Theories surrounding gun control figure that without firearms in citizen possession murder rates and gun related violence should heavily
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Key stakeholders involved in this are:- • Farmers • vendors • Managers • Government For farmers: - As the farmers will get compensation in return and also housing facilities. . According to their claims made by Tata co. was Singur would become a mini-auto city and approximately 70 vendors would set up shop along with the factory. The total investment planned is to the tune of Rs 1‚000 core. The project had‚ however‚ generated controversy right from the start‚ particularly on the question
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