Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
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Unit 1- The Business Environment P2- Describe the different stakeholders who influence the purpose of two contrasting businesses Key stake holder’s introduction A stakeholder is any person who has an interest in a business. A stakeholder usually is an individual‚ a group or an organization. These people usually have an interest in a business because they are an owner‚ manager‚ worker or customer. These people have interest in the business because for most of them their profit or salary is
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Task 1.2 What is a stake holder in a business? A stake holder in a business is somebody that can affect or be affected by the actions of the business. Businesses have several stake holders each. Anybody associated with a business can be a stakeholder of that business in some way. Who are the stake holders at Morrisons PLC? External Stakeholders- The customers- The customers of Morrisons PLC are a big stakeholder in the company. It is because of the customers that the business is able to function
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supplements‚ functional food‚ and traditional products‚ of which Vitamin & Dietary Supplements generated RMB83.7 billion in retail sales in 2013‚ accounting for 59.3% of the whole industry. In terms of competitive landscape‚ direct selling brands such as Amway‚ Perfect‚ and other foreign brands still occupy a 74% share in vitamin & dietary supplements market while the remaining 26% share is dominated by the non-direct selling brands like BY-HEALTH. The number of functional health food enterprises is close
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Network Marketing: Exploitation of relationships – Myth or Reality? Geevarghese K. Mathews* Dr. James Manalel** Siby Zacharias*** Abstract The Network Marketing‚ first popularized by Amway‚ in 1950s in USA is gaining momentum in India. The total turnover of network marketing companies in India was estimated at Rs 301‚044 crores in 2005 with an annual growth rate of 25% .The India Direct Selling Association (IDSA) has projected that the network marketing industry will be around Rs 8000 crores by
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complexity of decision making process Decision makings in Organisations could be a simple one or complex one depending upon the level at which decisions are made and the stake holders involved. No doubt Managers make various decisions sometime involving just few stake holders or sometimes without involving any stake holders. During my last 15 years of work experience at the supervisory and managerial level‚ I made/involved various decision processes. Sometimes I was a spectator to the decision
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view the stake holders and what type of benefits that company can gain from the stake holders Mr.Ruwan Perera is assistant controller in this company he gives to some account details to the firm and the firm analyze this data and how the over view of this company situation among that situation company top-level management can choose the best alternatives to gain benefits to the stake holders and company management can practice these alternatives in practically and gain benefits to the stake holders
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Case – 1 - A perfect response to an Imperfect storm Twelve days. That’s how long it took for Mississippi power to restore electric power to the heavily damaged areas of southern Mississippi after hurricane Katrina slammed into the Mississippi gulf coast on august 29‚ 2005‚ with 145-mph winds and pounding rain. That’s remarkable‚ given the devastation that news photos and television newscasts so graphically displayed. It’s something that even the federal and state governments could not accomplish
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has evolved to become more modernize through the use of the internet and mobile apps which provides further connectivity through engagement with distributors and potential leads. Commonly known MLM companies today include: Amway‚ Avon‚ Herbalife‚ Mary Kay‚ and Tupperware. Amway‚ Avon‚ Herbalife‚ Mary Kay‚ and Tupperware each offer different products such as household items‚ cosmetics‚ nutritional supplements‚ jewelry‚ and kitchenware respectively. A predominant aspect of the controversy concerning
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is someone or anyone who has an interest in the success of a business. A stakeholder can affect the businesses processes and outcomes. -MCDONALD’S STAKEHOLDERS- CUSTOMERS One of the main stakeholders for McDonalds is the customers. They have a stake in the business‚ because they buy food and bring in the revenue. If people chose to buy food elsewhere and McDonalds would have no customers and would fail as a business. Their interest as a stakeholder is the quality of the service and food. Customers
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