The purpose of this essay is to critically evaluate the influence of stakeholders on encouraging responsible business practices. This essay will look in to the different stakeholder theories and how these theories help on encouraging responsible business practices in an organization or company. Firstly as mentioned the different forms of stakeholder theories will be outlined to have a clear understanding of these different theories‚ this will also go in to explaining what is the role of managers
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Stakeholder Expectations In any business stakeholders are of many types; falling either into a category of a shareholder‚ customer‚ employee‚ government or general public. However their expectations are plenty. In the sense these parties anticipate many from the organization. Shareholders A Share holder is an investor who has exchanged equity in the business for the investment; owning shares of stock in a corporation. While various amounts held determine their actual control of the business
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Describe how marketing techniques are used to products in two organisations Kellogg’s and Tesco Growth strategies To grow as an organisation Kellogg’s and Tesco will use different strategies. These include diversification where the organisation effectively enters a new market. Tesco have done this where they have gone from just selling products in their shops to selling petrol‚ insurance and having their own mobile network. Kellogg’s have also done this as they have gone from selling cereals
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Objectives of Firms Introduction to Business Objectives Standard theory assumes that businesses have sufficient information‚ market power and (importantly) motivation to set prices for their products that maximise profits This assumption is now heavily criticised by economists who have studied the organisation and objectives of modern-day corporations. Not only do most businesses frequently move away from pure profit-seeking behaviour‚ many are organised and operated in a way where profit is not the
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Task 1 – The aims and objectives of Tesco & Nike Aims: An aim is a goal of which a business wants to achieve. For example‚ some businesses aim to expand whilst others aim to survive. Another aim that a business can have is selling as much as possible whilst others aim to improve the quality of their products. Objective: An objective is what a business wants to achieve but more precise targets than aim. For example an objective for a business can be to sell 1000 more products than we sold
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‘internal’ and ‘external’ stakeholders. Internal stakeholders of a business are members of an organisation. They consist of the employees‚ shareholders (who own the business)‚ managers and directors of the organisation. External stakeholders do not form part of the business (such as customers‚ suppliers and the government)‚ but have a direct interest or involvement in the actions of the business. 2. What is the difference between ‘stakeholders’ and ‘shareholders’? A stakeholder refers to any person
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Introduction Since we need to figure out the affection of stakeholders to an organisation‚ we should firstly take into consideration about the category of stakeholders and consecutively find out what do these individuals and groups enforce to influence organisations’ activities. Subsequently‚ we will also acknowledge what could organisations do to understand and control stakeholders. Classification of stakeholders We assume that the organisation we are talking about is a firm. So that we can separate
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industries attractiveness and long run portability which they are The 5 competitive forces are the threat of entry of new entrants‚ the threat of substitutes‚ the bargaining power of suppliers‚ the bargaining power of buyers and the degree of rivalry between existing competitors. It is Tesco’s job to identify all these to analyse the competitive environment. The threat of new entrants to Tesco’s is very unlikely due to Tesco’s large percentage of market which Tesco have revealed is at 29.9% as shown in
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The Role of The Public in The Health Care System The first and foremost among health care stakeholders is the pubic. Without the public‚ there wouldn’t be a need for the system. They are the one who pays for the service (tax or health insurance premium) and consume the service. Unfortunately‚ the gross combined enrollment of 119.249 million in Medicaid and Medicare in 2011 outnumbered the 112.556 million full-time workers employed in both the private sector and in government in 2011. (www
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setting was used and what it was. 1. Name the film you watched. Answer: Meet the Parents 2. What genre do you believe it falls under? Answer: Comedy |Setting |The setting is at the house of Pam’s parents in the town of | | |oyster bay on Long Island‚ which is an appropriate place to “Meet| | |the Parents
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