P2 – Explain the implications for the business and stakeholders of a business operating ethically. A stakeholder is a person‚ group‚ or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions‚ objectives‚ and policies. Key stakeholders in a business organization include creditors‚ customers‚ employees‚ government‚ owners‚ suppliers‚ unions and the community from which the business draws its resources. Tesco is committed
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Ford Motor Company and its Outsourcing Company Overview: Ford Motor Company‚ a global automotive industry leader based in Dearborn‚ Michigan‚ manufactures or distributes automobiles across six continents. It is a publicly traded company on the New York Stock Exchange. The Company has about 198‚000 employees and 90 plants worldwide with the automotive brands include Ford and Lincoln. The Company also provides financial services through Ford Motor Credit Company. The revenue of the company is $136
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Task 1 Introduction In this assignment I am going to identify the purposes of different types of organisations‚ describe the extent to which an organisation meets the objectives of different stakeholders and explain the responsibilities of an organisation and strategies employed to meet them. I am also going to give examples based on my own personal experience; I also investigate how organisation structure and culture contribute to business successes. I will also look in to how organisations
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FORD AND FIRESTONE CASE STUDY 1. SUMMARY This case involves Ford and the Japanese tire manufacturer‚ Bridgestone/Firestone. The Ford Explorers which were prone to rolling over‚ came equipped with Firestone defected tires. The tire seemed to have a defect that caused the tread to separate from the whole of the tire and cause the vehicle to flip. Although Firestone knew about such defects‚ they continued to produce despite knowing the deadly consequences that lay behind their actions. The
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History of Ford in India: 1907 India begins selling the Model A 1926 Ford India is established by Ford of Canada 1935 Indian government officials ask Henry Ford to consider building a car manufacturing plant in Bombay 1941 Mahatma Gandhi sends spinning wheel‚ the symbol of India’s economic independence‚ to Henry Ford. 1954 Ford India operations cease. 1969 Ford re-enters India in a joint venture with Escorts Ltd. to produce tractors. 1991 Ford ceases tractor operations. Ford establishes Climate
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Ford Pinto Case Ford Pinto Case If we were involved in the Ford Pinto dilemma we would have used Deontological Ethical reasoning to decide whether or not to disclose the danger that the Pinto posed and/or use that reasoning to determine whether or not to install the part(s) that would make the Ford Pinto safer. Our decision would be to do what is morally right and avoid doing what is morally wrong‚ regardless of the consequences. True enough Ford was not obligated by government regulation or
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Overview of Stakeholder Analysis on City Harvest Church Financial Irregularities As listed in a table‚ potential stakeholders will be reviewed according to their interests in City Harvest Church. Issues like benefits of the project to the stakeholders or activities that might cause damage or conflict to the stakeholders will be included. Each stakeholder will be listed in one column. Individual stakeholder’s interest will be reviewed on its importance to the success of the project. To ensure the
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INTRODUCTION Introduction This chapter will elaborate about the Problem Background and issues of the research topic regarding Stakeholder Management in Practice. The background and issues on this topic will lead to the problem statement based from current issues of Construction Project Stakeholder Management in Malaysia which will determine the reasons why this study is proposed. This topic also covers the main research objectives and research questions of this study based from the problem
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unemployment rates‚ Ford proposed tax cuts and the limitation of government spending. In acts like the Tax Reduction Act of 1975‚ Ford cut taxes by nearly 23 billion dollars. Even though the tax cut may have been relieving to the citizens‚ it led to an economic recession. The government spending‚ tax cuts‚ and the unemployment
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Gia Doan Essentials of Management January Ford Motor Company 1. Which schools of management thought are illustrated in this case? There are several schools of management thought are illustrated in this case. First of all‚ classical school of management thought is mentioned. During the very first period of time of Ford Motor Company‚ Henry Ford‚ the founder of this firm‚ created a bureaucratic system. He separated company into smaller product groups and functional
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