1 - Describe your company and analyze the various primary and secondary stakeholder groups‚ their roles‚ and relationships. A - In July of 1958‚ MITRE was founded as a private‚ not-for-profit corporation to provide engineering and technical services to the federal government. In doing so‚ it fulfilled a request by Secretary of the Air Force James Douglas for a specialized services group to provide the system engineering and ongoing support for the massive‚ multi-billion dollar‚ continental air
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Beauchamp and Bowie In addition to Chapter 2‚ read http://www.bsr.org/CSRResources/ResourcesDocs/BSR_200508_Allen-White_Fade-Transform.pdf What is the purpose of a Corporation? • Profits v. social responsibility • Stockholders v. Stakeholders Who are stakeholders? • stockholders • employees • customers • managers • supplies • local community According to Friedman‚ can a business do anything in the quest for profits? • No‚ it must not be deceptive or fraudulent Who is Theodore Levitt
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recognize a moral problem and then propose a moral solution. • Fair-to-all creates trust‚ that trust builds commitment and that commitment ensures effort. Extended Organizations • It is an advancement of the stakeholder (is a person who is associated with a company-that can affect or is affected by the achievement of the organization’s objective) concept. It is a wider range of other firms and institutions‚ beyond the formal boundaries‚ and hierarchical controls
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The American Red Cross (ARC) Apinya Rakklang Professor Afraa Al Bahrani Ethics and Advocacy for HR Professionals-HRM522 January 27‚ 2013 Determine the impact of this event on ARC’s “benefit of business ethics” (employee commitment‚ investor loyalty‚ customer satisfaction‚ and bottom line). The American Red Cross is classified as a not-for-profit charitable organization whose mission is dedicated to providing services to those in need. It plays important roles in society by placing
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somewhat over looked. You need to remember certain things but never once for a split second be ignored. Stakeholders have HIGH expectations and these expectations have to be met by the staff and people who are involved in your program your program must have a vision‚ mission and objectives. According to Influence of stakeholders (2013 January 1st) Http://www.bbc.uk/schools (Influence of stakeholders . (Owners have a big say in how the aims of the business are decided‚ but other groups also have an influence
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extensive social / political and financial implications‚ CMA had to consider; should they change their original transport plans? If they did change‚ which alternative project option should be chosen? And‚ how would they justify their decision to their stakeholders and business partners? 2) If CMA decided to stick with their original plan‚ how could the company recuperate the trust of their current opponents? 3) How could the company relocate the [resident] families of San Marcos‚ specifically in the
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The stakeholder’s paradox‚ according to Kenneth Goodpaster‚ is that neither Milton Friedman and Ed Freeman’s theories about stakeholders is completely right Milton Friedman says that a company’s main goal is to maximize profits only to the stockholders. The owners own the corporation and therefore the profits belong to them. So why care about anyone else other than the shareholders? Everyone else involved are merely strategic tools that assist in some way to maximize profits but don’t benefit in
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Business ethics Name Institution Business Ethics Question 1: What is the moral point of view and why is it important? Does it make sense to say that business people must operate from the perspective of the moral point of view? Why‚ or why not? Answer: Business ethics refers to the study of proper business policies and practices‚ with regards to the potential controversial issues such as corporate governance‚ discrimination‚ bribery among others (Madsen & Shafritz 1990)
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employees and other stakeholders? Is it wrong to see employees as costs of production? Should GE have rebalanced its priorities? a. I think the pros of ranking them higher than employees and other stakeholders is that they invested more into a company‚ shareholders have part ownership in a company so of course they would harder to be successful. To employees all they have is the work they get out of working at the company so to them it is not as important. As well with stakeholders‚ all that it is
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Materials‚ ANSI Z39.48-1992. Ulrich_FM.qxd 4/5/05 10:59 AM Page v Contents Preface and Acknowledgements vii 1. The Premise of HR Value 1 2. External Business Realities 21 3. External Stakeholders 45 Investors and Customers 4. Internal Stakeholders 69 Line Managers and Employees 5. HR Practices That Add Value 95 Flow of People and Performance 6. HR Practices That Add Value 121 Flow of Information and Work 7. Building an HR Strategy
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