power against stakeholders e.g. customers‚ employees‚ suppliers‚ public‚ communities”. Do you agree or disagree? Explain what you answer is and why have you reached that conclusion. You are to include a clear rational argument for your case that has strong examples to support your thinking. 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
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Indicate a person who has had a significant influence on you‚ and describe that influence. People have many influences to why they are who they are. One influence that has made me who i am today is my mom. She encourages me to things that I want to do‚ she also influences me on whats right and whats wrong. She restricts me to be well rounded person. My mom encourages me to do things I’ve always wanted to do. Some things that I’ve wanted to do‚ sometimes insists towards bad things‚ but my mom doesn’t
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Stakeholders vs. Shareholders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Stakeholder is a 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. Shareholder is someone who owns shares of stock in a corporation or mutual fund. For corporations‚ along with the ownership comes a right
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“The Purpose Of Life Is A Life Of Purpose” In each one of us‚ there burns a soul destined for greatness. In every generation‚ a few are chosen to proven… and sometimes‚ it happened while others are in the bathroom. Life: No one knows where it will take us. Is it our own decisions that guide us or does fate play a big role in dictating the road that we travel? Which course we will be steering? What twists we must endure? One thing is for certain; there is no certainty. No wait too long and everything
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The purpose of life is a life of purpose Throughout my life‚ I have persevered through much pain and misfortune; however‚ instead of using my experiences as reasons for a life of retribution and reparations‚ I used these tragedies as motivation to making other people’s lives better. Growing up I witnessed my grandmother assist anybody she saw struggling or needed help. During the 17 years she was a part of my life‚ I watched her nurse back to health approximately 300 foster children‚ because
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Explain the points of view of different stakeholders seeking to influence the strategic aims and objectives of these two contrasting organisations. I have chosen SportsDirect (PLC) and Lush Cosmetics (Ltd) Sports Direct’s stakeholders’ Point of View Banks – Banks have an interest in the money the business makes as if the business have taken out any loans‚ the bank wants to make sure that they get their money back. Shareholders – Just like banks‚ they have an interest in the amount of profit the
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Though they are financially and legally constituted‚ they do not have a moral conscience. The people within a corporation are in fact people‚ but the corporation itself does not qualify as a real person. Therefore‚ the only legitimate and valid purpose of a corporation is to try to earn profit and the only limits on a corporation should be determined and enforced by the law. Consumers and investors are also very self-motivated. There is very little space to assess the ethical implications of a corporation
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Darden Graduate School of Business Administration University of Virginia Working Paper No. 01-02 A Stakeholder Approach to Strategic Management R. Edward Freeman John McVea This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection at: http://papers.ssrn.com/paper.taf?abstract_id=263511 A Stakeholder Approach to Strategic Management R. Edward Freeman And John McVea The Darden School University of Virginia Forthcoming in M. Hitt
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Stakeholders Key stakeholders can either have a positive or negative effect towards a business‚ or who are important to an organisation. Examples of key stakeholders may be funders‚ government‚ head of businesses and other community figures. Customers: The customers are external stakeholders and they want the most they can get out of the business (in this case - school they have chosen to go to). As a business the customers want to see improvements in the organisation; for example improvements
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Stakeholders Stakeholders can be defined as “anyone who has an interest in what an organisation does” (Wright‚ 2001). These stakeholders can include governments‚ investors‚ political groups‚ customers‚ communities‚ employees and suppliers. It is important to keep stakeholders satisfied and gain their support in order to run a successful event. This will be further developed in this essay‚ with further recommendations in distinguishing and managing stakeholders. Stakeholder management is the process
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