question can be discussed in the stockholder vs. stakeholder debate. Although there are reasonable arguments for both – the stockholder and the stakeholder theory - I will use this paper to show that the stakeholder approach is superior and should be used for business in companies. To reach my conclusion‚ I structured the paper in the following way: The second Chapter should explain the basic idea and the basic concept of the stockholder and the stakeholder theory. Based on this explanation the following
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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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ETHICS WITHOUT STAKEHOLDERS Joseph Heath Abstract: One of the most influential ideas in the field of business ethics has been the suggestion that ethical conduct in a business context should be analyzed in terms of a set of fiduciary obligations toward various "stakeholder" groups. Moral problems‚ according to this view‚ involve reconciling such obligations in cases where stakeholder groups have conflicting interests. The question posed in this paper is whether the stakeholder paradigm represents
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Many literary authors throughout history have provided different and distinctive views on the positive and negative effects of human nature on society. In his sermon “A Model of Christian Charity‚” John Winthrop expressed that the Godly nature of the new settlers to New England would shape the entire future of America‚ and he hoped this effect would be a positive one that would lead people to believe in God. In contrast‚ writers such as James Fenimore Cooper and Catherine Marie Sedgwick‚ wrote about
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Corporate stakeholders and their roles A corporate stakeholder is a party that affects or can be affected by the actions of the business as a whole. Corporate stakeholders can also refer to those groups without whose support the organization would cease to exist. The following are some of corporate stakeholders and their roles: Employees An employee is a person in the service of another under any contract of hire‚ express or implied‚ oral or written‚ where the employer has the power
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Coming of age stories have at least one character who evolves over time. Eudora Welty’s short story‚ “A Visit of Charity‚” is such a story in which the protagonist‚ fourteen-year-old Marian demonstrates maturity in her words‚ her actions‚ and perception throughout the entire story. While visiting the Old Ladies’ Home ‚ Marian‚ a young Campfire girl is faced with a situation that forces her to change from her old ways. The young girl evolves from a self-centered individual into a considerate young
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Corporate Responsibility (2) Stakeholder perspective Obesity and fast food Use the stakeholder analysis to look at the impact of fast food (eg MacDonald’s) on each stakeholder group. Should the sale/marketing of fast food be regulated/ restricted? If so why? If not‚ why not? Childhood obesity has been labeled one of the most serious public health issues if the 21st century. 42 million of the children under five years old are overweight all over the world‚ in
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scholarly theory that other stakeholders should have some duties— towards the firm‚ in particular—should be a pleasant relief. However‚ key lessons for managers are that responsibilities towards the firm require that managers first conduct themselves morally; and that other stakeholder responsibilities often involve moral and citizenship duties requiring collective action‚ for which business leadership may be crucial. Mutual and joint responsibilities of stakeholders separate into four general
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Stakeholders can be defined as all entities that are impacted through a business running its operations and conducting other activities related to its existence. The impact can be direct in the case of the business’s customers and suppliers or indirect in the case of the communities in which the business chooses to place its locations. Businesses must consider the needs and expectations of its stakeholders‚ though it need not consider them to be of equal importance. Certain stakeholders such as owners
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John Winthrop‚ a devout Puritian‚ is a governor‚ not a minister. However‚ while sailing on the Atlantic with others seeking refuge‚ Winthrop wrote a Sermon called “A Model of Christian Charity‚” that uses key concepts of philanthropy to hold the community to a high standard of Christian behavior. As a politician‚ Winthrop wants a community that will thrive and sustain‚ to get this‚ he explains that these citizens must act together as one bond. A thriving community is a concern for Winthrop because
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