An organization creates value by converting inputs into outputs. It takes several resources such as raw materials‚ machinery‚ information‚ knowledge‚ human resources‚ money and capital as inputs and applies appropriate production and transformation processes at the conversion stage to produce finished goods and services. Consumers purchase these goods and services to satisfy their needs. The environment‚ in which an organization operates‚ affects stages in the value-creation process. According
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Student to be able to define and discuss the role and importance of stakeholders in an organization and their ability to influence the performance of the organization. Answer In general‚ a stakeholder can be one of two types: internal (within an organization) or external (outside of an organization). They can affect the firm’s vision and mission‚ are affected by the strategic outcomes achieved‚ and have enforceable claims on the firm’s performance. A stakeholder is typically concerned on the organisation’s
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How does an organization create customer value? Marketing experts Don Peppers and Martha Rogers said: “Without customers‚ you don’t have a business.” It is such a simple‚ nevertheless‚ a scary thought. We live in a world of consumerism‚ in which the customer’s wants and desires greatly exceed their basic needs. Even though many see this concept as a threat to modern world society‚ it has created the extremely competitive marketplace for businesses. The companies are competing everyday to win over
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Stakeholders and Organizations Stakeholders are persons or groups that affect or are affected by an organization. They fulfill many roles within organizations. What is the most significant role stakeholders play in an organization? Why? How do stakeholders acting in this role influence the organization ’s mission‚ vision‚ and strategy? The answer to this question depends to a large degree who the stakeholder is and whether it is a market or nonmarket stakeholder (Lawrence & Weber‚ 2011). However
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Lashundra Anderson Stakeholder Influence August 3‚ 2015 HSM 270 Terri Galindo Programs in the Human Service industry are directly and indirectly affected by its primary‚ secondary and‚ key stakeholders. Stakeholders could also be persons who are not directly affected by the program itself. These people can be those who have strong interest in the cause or program‚ those who are of political and philosophical and academic
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1 Stakeholder Influences Sarah Robinson University of Phoenix 2 The PEACE Domestic Violence Agency has a mission to educate and bring awareness to victims of domestic violence. PEACE is committed to reducing the incidence of sexual assault and domestic violence through education and strives to challenge societal norms and beliefs that condone and perpetuate violence in the community. The needs and expectations of stakeholders such as funding institutions‚ the targeted population‚ the
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Stakeholder Influences on Programs Joseph Hamilton HSM / 270 February 10‚ 2013 Greg Moore Stakeholder Influences on Programs Most programs may have many different stakeholders some will be investors or funders while others will be clients yet others will be the people responsible for the program and its outcome. All of which will have different influences‚ and different effects on how it run its course. To understand these influences we must put ourselves in the place of the stakeholder
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Stakeholder Influences on Programs PEACE Domestic Violence Agency’s mission is to reduce victim trauma‚ empower survivors‚ and promote recovery through direct services. PDVA is committed to reducing the incidence of sexual assault and domestic violence through education and strives to challenge societal norms and beliefs that condone the perpetuate violence in the community. Stakeholders and the influence they have in a program plan‚ along with staff and administration personnel‚ is usually inadequately
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Role of Stakeholder The stakeholders are the key assets in the wealth and growth of an organization. It is important that the knowledge and power of influence the stakeholders have on the quality management process is noted. Implementation and quality of the work in the management process‚ requires the developments in the cultures quality based upon the need and expectations of the stakeholders. The identifier groups that are known as stakeholders are also known by rights‚ ownership and interests
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THE ROLE OF ENTREPRENEURSHIP IN INDIA’S FUTURE ECONOMIC DEVELOPMENT The progress of Indian economic development from 1947 to the present provides further evidence that individuals do respond to incentives in their pursuit of self-survival and accumulation of wealth. Further‚ the nature of this response depends on the economic climate‚ particularly the role of the government. India’s economy struggled as long as it was based in a system of government regulation with little interaction with
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