A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. Some examples of key stakeholders are creditors‚ directors‚ employees‚ government (and its agencies)‚ owners (shareholders)‚ suppliers‚ unions‚ and the community from which the business draws its resources. Not all stakeholders are equal. A company’s customers are entitled to fair trading practices
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Stakeholders Stakeholders can be defined as “anyone who has an interest in what an organisation does” (Wright‚ 2001). These stakeholders can include governments‚ investors‚ political groups‚ customers‚ communities‚ employees and suppliers. It is important to keep stakeholders satisfied and gain their support in order to run a successful event. This will be further developed in this essay‚ with further recommendations in distinguishing and managing stakeholders. Stakeholder management is the process
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ETMA 01 The two resources which I have chosen I feel reflect some of the contrasting models of disability which we have looked at in Units 1-4 of the course materials (E214‚ The Open University‚ 2010). The first resource comes from the National Autistic Society’s website and the second comes from the national newspaper The Guardian. The first resource (Appendix A) is an information page entitled ‘What is Asperger Syndrome’ and particularly focusses on the medical/deficit model of disability
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can take place‚ a purpose‚ expressed as a message to be conveyed‚ is needed .It passes between a source (the sender) and a receiver. The message is encoded (converted to symbolic form) and is passed by way of some medium (channel) to the receiver‚ who retranslates (decodes) the message
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often made by the management and influence not only the profit of a company‚ but also they influence the employees‚ many people outside of the company such as the supplier as well as the environment in the surrounding area of a company. Against this background‚ the question how a manager should act with regards to the owner of a company and the employees of a company is quite important. A possible answer to this question can be discussed in the stockholder vs. stakeholder debate. Although there are reasonable
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Abstract In this report‚ purposes of corporations are investigated under two different approaches on corporate value maximization: Shareholder Approach and Stakeholder Approach. So‚ firstly both approaches are defined briefly. Secondly‚ compare and contrast of shareholder and stakeholder approaches is made. Keywords: Purpose‚ Corporation‚ Value Maximization‚ Shareholder Approach‚ Stakeholder Approach. Shareholder Approach on Value Maximization: Shareholder approach
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P1 describe the type of business‚ purpose and ownership of two contrasting businesses. For this assignment I am going to select two businesses‚ one which will be local and not-for-profit organization and the second will be an international business and for profit. The two businesses I have chosen to use for this task are Asda Stores Ltd. and Welcare‚ Reigate. Type of Business: Asda Stores Limited‚ commonly known as ASDA‚ is the second largest retail store and a national public limited company
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accurate budget * That Rada plc have different departments of their business in different area of the world. For an organisation not to have an accurate budgeting is like working without any plan because budget take an important role in the day to day running of a business and also most importantly the future. Budget is important for the following reason * Planning of annual operation * Coordinating the activities of various part of organisation and ensuring that the parts are in harmony
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My organization (Encana) has many internal and external key stakeholders that include the following: Customers JV Partners Landowners Environmental groups Shareholders Government Regulatory Bodies Industry associations Suppliers Contractors Employees Internal Business Unit Leaders Internal service group providers to Business Units Based on my position within the company I’ll talk to two of the above stakeholders and relationships I’m more familiar - Government Regulatory Bodies and Contractors‚
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state schools have to follow the national curriculum. The main types of schools are: - Community schools - Independent schools - Foundation and trust schools - Voluntary schools - Specialist schools - Academies Describe the characteristics of the different types of schools in relation to educational stage(s) and school governance. Educational stages can be an early years stage‚ primary‚ secondary‚ higher and further education. They are marked as stages in England where children progress through a
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