Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
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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
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Corporate Social responsibility at McDonald’s McDonald is one of the most renowned fast food restaurants across the globe. The vision of McDonald’s was coined by Ronal McDonald who identified the need of its target audiences and tailor made the products as per them. The organization has established a value proposition for the target audience on the basis of a penetration pricing strategy that has appealed to the people in almost every country. Being a tough competitor to many fast food
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Introduction: Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a
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now calling for multicultural competent health care professionals. It is suggested cultural competence is as an ethical obligation and cross -cultural skills should be placed on a level of parity with other specialized skills (2009). Within each culture exists an incredible diversity of groups and subgroups (2011). Achieving a base of knowledge for each group creates a challenge. Social workers are affected by the way they grow up and their own culture. They will form stereotypes and biases. A post-modern
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Corporate Social Responsibility is a corporation’s policies that necessary to evaluate and must be responsible for the company’s effects on environmental and social well being. (1) It also refers to a business practice that involves participating in activities that brought advantage to society and environment.(2) At Sunway‚ corporate responsibility is fully aligned with its business strategy and it is a vouchsafement that inveterate in its culture.(3) Sunway comprehends that the communities it serves
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(ASSIGNMENT TEMPLATE – ENGLISH VERSION) STAKEHOLDERS (COVER PAGE) OUMM 3203 Tables Of Contents Part A: Introduction – Organisation background Part B: Market Stakeholders for BIFF Sdn Bhd 1. Supplier 2. Customer 3. Employer Part C: Non Market Stakeholders for BIFF Sdn Bhd 1. Local Community 2. Media 3. Government Part D: Suggestion on how to develop and maintain the relationship with identified stakeholders 1. Have a direct dialog 2. Provide variety of monitoring method
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A stakeholder is someone who has an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of a business. Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit. Customers Customers are arguably the most important stakeholder. This is because they are the main source
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2.0 CORPORATE SOCIAL RESPONSIBILITY (CSR) The corporate social responsibility is an activity where it has been involved by almost all of the company in the world. However‚ normally it would be the big companies which will engage more in these corporate responsibility activities. According to Lord Holme and Richard Watts (2010)‚ Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of
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without stitching‚ producing truly waterproof boots and shoes. • 1987: Timberland went public on the American Stock Exchange. • 1992: To sustain the communities in which its employees live and work‚ Timberland developed what later became The Path of Service program: a progressive corporate policy offering employees 16 hours paid leave to perform community service. • 1997: Timberland increased the benefit of paid employee volunteer time to 40 hours. 2. Awards • 1999: Timberland was selected as one
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