www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
Premium Strategic management Management
these perspectives. I wish to argue throughout my paper‚ that all of these aspects are in some way related to a company’s respective shareholder or stakeholder approach to business operations. The shareholder approach focuses mainly on creating shareholder value by maximising profits‚ with a lot of pressure on short term financial performance. Stakeholder theory on the other hand also takes into account the interests of parties other than the shareholder‚ e.g. employees and suppliers. All aspects of
Premium Governance Corporate governance Business ethics
Stakeholders The world ’ ’stakeholder ’ ’ was first used in an internal memorandum at the Stanford Research Institute in 1963. It refers to "those groups without whose support the organizations would cease to exist". There are two types of stakeholders‚ primary and secondary. The first type are those that engage in economic transactions with the business - stockholders‚ customers‚ suppliers‚ creditors and employees. The second type are those who do not engaged in direct economic exchange with
Premium Teacher
A corporate stakeholder is that which can affect or be affected by the actions of the business as a whole. Examples of a company’s stakeholders Stakeholders | | Government | Taxation‚ VAT‚ legislation‚ low unemployment‚ truthful reporting. | Employees | Rates of pay‚ job security‚ compensation‚ respect‚ truthful communication. | Customers | Value‚ quality‚ customer care‚ ethical products. | Suppliers | Providers of products and services used in the end product for the customer‚ equitable
Premium Customer service Sustainability Non-governmental organization
P2 describe the different stakeholders who influence the purpose of two contrasting businesses In this task I am going to be writing a business report regarding Carlsberg and Capital Foods showing the different types of stakeholders‚ which include within the two organisations. It will show how the stakeholders influence within the two businesses‚ and how they set their own objectives towards the companies. CARLSBERG Customers Customers are the people who buy the products and sell them‚ or use
Premium Corporation Employment Good
P2 – Describe the different stakeholders seeking to influence the purpose of two contrasting businesses. Stakeholders - a group of people or organisation that has interest or concern in an organisation. For most of the businesses it is vital to have stakeholder groups because it may affect business efficiency‚ may increase sales‚ or even it may help for the business to reach its aims and objectives more effectively. Although‚ there are loads of stakeholders in a business‚ but not all of
Premium Business Non-governmental organization Management
FINANCIAL PERFORMANCE CASE STUDY: ROOFINGS GROUP 1.0 INTRODUCTION Corporate governance is concerned with ways in which all parties interested in the well-being of the firm (the stakeholders) attempt to ensure that managers and other insiders take measures or adopt mechanisms that safeguard the interests of the stakeholders. Such measures are necessitated by the separation of ownership from management‚ an increasingly vital feature of the modern firm. A typical firm is characterized by numerous owners
Premium Stakeholder Management Stock market
competitors expanded such as Burger Kind. Concerns for healthy food consumption and obesity are increasing therefore McDonald’s values its policies regarding stakeholders and local community. McDonalds is reporting its social responsibility policies in a separate form than Annual reports. In its annual report‚ McDonalds evaluates its stakeholder policy in terms of values in action‚ our communities‚ employment practices and charity services (McDonalds‚ Values in Action‚ 2013). Under the section of
Premium Report Sustainability Annual report
Thus‚ Lion Air is already do steps resolve pressing issues and public opinion. Every cases must be influenced organization performance‚ especially if the case involves external stakeholders‚ one of which is the customer airline Lion Air. In this case‚ the performance of Lion Air was supposed public by media coverage of the log book is Lion Air is low budget airlines and they’re no wonder if cases occurred in Lion Air. The worst cases
Premium Airline Airline Angkasa Pura
Appendix C Stakeholder Impact Analysis Table After reviewing each stakeholder position on the case by reading your classmates’ presentations‚ organize the stakeholders’ positions by completing the table. Provide a brief description of each stakeholder’s interest‚ then rate each stakeholder’s level of influence‚ urgency‚ persuasiveness‚ and importance. Reference the example on p. 357 (Ch. 5) of the text as a model. The legend below clarifies the meaning of the column headings. Legend Stakeholder: The
Premium Stakeholder Ranking Management