ADM 1301 Midterm 1 Review Lecture 2: The Canadian Business Segment Macroenvironment Of Canadian Business: Business drives the economy of a nation The economic system in Canada is a private enterprise system Basic rights for a private enterprise system: 1. Private Property 2. Freedom of Choice 3. Profits 4. Competition The work force of Today- Aging‚ more diversity‚ shrinking labour pool‚ etc. The Canadian Private Sector Forms of Business Ownership: Sole proprietorship Partnership:
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Question 16) A strategy that can exploit local differences and achieve global efficiencies is called: [pic]a) Transnational (Correct Answer) [pic]b) Global [pic]c) Multi-domestic [pic]d) International Question 17) Bartlett and Ghoshal (1990) distinguish between an organization’s anatomy‚ physiology and psychology. The anatomy is the organization’s: [pic]a) Structure (Correct Answer) [pic]b) Culture [pic]c) Systems and procedures [pic]d) Values Question 18) Organizations that are good
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strategic decision choices for specialty grocery retailer – SmartMart‚ with an aim to retain their market leadership position as retail supplier of sustainable food products‚ while at the same time being true to their mission statement of total stakeholder management. | Contents SmartMart Simulation – The Main Content 3 Reflection on Decision Making 3 Changing Store Format 3 Adopting Bio-Fuel 4 Pursuing Organics 2.0 Standard 5 Conclusion 5 Bibliography 6 Certificate of Completion – SmartMart Simulation
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member of the board will continue to authorize these payments‚ or stop all future payments‚ or shut down the mines. The first step is to conduct a stakeholder’s impact analysis to identify all stakeholder groups and interests likely to be affected. Also‚ they will need to be ranked by importance. Stakeholder Interest Rank Alex McAdams Potential Success or dismissal‚ Harm to reputation 1 Local employees Risk of harm/ or no job 1 Shareholders Financial success‚ legal action by US
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through on the mission‚ vision values‚ and goals taking into considerations all key stakeholders. However‚ every company has different set of stakeholders varying in power and significance. The Nike organization uses the collaborative process in functional areas identifying the key stakeholders to facilitate appropriate interactions. "In defining the company‚ strategic managers must identify all of the stakeholders groups and weigh their relative rights and their relative ability to affect the
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describe the attributes (power‚ legitimacy‚ urgency) of this stakeholder. Assess the company’s strategy and performance with environmental and employee stakeholders. A stakeholder framework helps identify the internal stakeholders and the external stakeholders. Internal stakeholders such as: employees‚ boards of directors‚ and managers. Customers‚ special interest groups‚ regulators‚ and others who agree are external stakeholders who collaborate and engage in confrontations on ethical issues
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Influence of Stakeholders Name of Organisation B: | Apple | Sector: | | Examples of Stakeholders | How are stakeholders influenced by the organisation? | How is the organisation influenced by the stakeholder? | Customers | The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder‚ they
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stores throughout United States‚ Canada‚ Mexico operating with more than 234‚000 employees ("Lowe ’s home improvement‚ 2012”). Stakeholders are individuals‚ groups‚ or organizations that have a stake in the business. Stakeholders are categorize into two types: internal or external. Internal stakeholders can be owners‚ managers‚ and employees. External stakeholders can be suppliers‚ lenders‚ and customers (Worthington‚ 2009). Human Resource (Safety) There are many safety rules in Lowe’s Home
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content 1. Introduction pg 3 2. Definition of stakeholder pg 4 3. Blessed Farm’s stakeholder pg 4 4. Motivation factor for the stake holder pg 4 5. Evaluation of each proposal pg 5 i. Blessed farm’s strength and weakness in respect of each proposals pg 5 ii. The financial and non financial information required for each proposal pg 7 iii. The sources of information pg 8 iv. Stakeholders favourable and non favourability for each proposal and the
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Procurement is the sourcing of all goods and services for a business that enable its activity. Or looking at it another way‚ the goods and services classified under the umbrella of indirect procurement are commonly bought for consumption by internal stakeholders (business units or functions) rather than the external customer or client. Indirect Procurement categories include: * Marketing related services (media buying‚ agencies) * Professional Services (consultants‚ advisors) * Travel Management
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