The Stakeholder theory of the firm (Course: Business ethics) Coursework 2013 Faculty of Economics Content Introduction ................................................................................................................................ 3 1 Basic idea of the Stakeholder Theory ................................................................................ 4 1.1 1.2 Who are the stakeholders ....................................................................
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Stakeholder Analysis The purpose of this paper is to define a Stakeholder Analysis and to describe the philosophy‚ methodology‚ and purpose of performing a Stakeholder Analysis. The paper will also address the determination of a communication management plan and applying a quality management plan. Purpose of a Stakeholder Analysis A Stakeholder Analysis is a process to determine what parties will be affected by an action and deciding his or her impact on the action as well as the impact of the
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institution—and what is now called business ethics would become a more radical critique of our economic system than is typically thought. On this point‚ Milton Friedman must be given a fair and serious hearing. This does not mean‚ however‚ that "stakeholders" lack a morally significant relationship to management‚ as the strategic approach implies. It means only that the relationship in question is different from a fiduciary one. Management may never have promised customers‚ employees‚ suppliers
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http://www.amazon.com/gp/forum/cd/discussion.html?ie=UTF8&cdForum=Fx20DX5GEB7TUX8&cdThread=Tx1RLD0EXGFVC38 http://mashable.com/2010/12/01/amazon-wikileaks/ http://www.foxnews.com/scitech/2010/12/01/amazon-severs-ties-wikileaks/ http://www.foxnews.com/scitech/2010/12/01/wikileaks-relying-amazon-servers/ http://www.eff.org/deeplinks/2010/12/amazon-and-wikileaks-first-amendment-only-strong http://www.facebook.com/pages/Boycott-Amazon-for-Dumping-Wikileaks/174975139187861 http://knowledge
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stakeholders - interests and power Common and conflicting interests of stakeholders The different stakeholder groups have different interests some in common with other stakeholders and some in conflict. Examples of common interests: * Shareholders and employees have a common interest in the success of the organisation. * High profits which not only lead to high dividends but also job security. * Suppliers have an interest in the growth and prosperity of the firm. Examples
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Stakeholder 1: Owner‚ as they have the biggest say on the company and its decision. They influence the company’s decisions as they are the main say of it. The owner of the business can be role models for the employees. As the employees watch the owner’s behaviour all the time. Designing the workspace to have a nice environment for the employees to work well in this will increase the efficiency of the company. Influences the aims and objectives of Tesco‚ as they have a large say in the company so
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Institute College Department Case Study Number 1 Bautista‚ Ralph Ephraim I. Mr. Eulogio T. Catalan June 29‚ 2012 Rubatex Corporation manufactures rubber and foams for different types of products. This corporation was bought by American Industrial Partners (AIP). After 3 months of acquisition‚ the company lost $2 million on $68 million sales. The plant of Rubatex Corporation is located in Bedford‚ Virginia. The plant was
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Independent Research Essay Assignment Attributes of Excellence Stakeholders A stakeholder is anybody who is affected by the business; they could be internal or external‚ as well as being in contact with them very often or only on occasions. Social Responsibility This is the duty and obligation of a business to other stakeholders. |Stakeholder |Example of responsibility to that stakeholder | |Shareholder
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Stakeholders What is a stakeholder? Stakeholders are people who may be affected by or have an effect on an effort. They may also include people who have a strong interest in their business. Stakeholders are generally said to have an interest in an effort or organization based on whether they can affect or be affected by it. The more they stand to benefit or lose by it‚ the stronger their interest is likely to be. The more heavily involved they are in the effort or organization‚ the stronger
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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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