CHALLENGES OF THE VIKING SEWING MACHINE GROUP IN STRATERGIC MANAGEMENT INTRODUCTION The Viking Sewing machine (VSM) company was originally controlled by Electrolux‚ having acquired it in 1997; but was sold 20 years later to an investment fund‚ Industri Kapital. The company is into the business of sewing machine manufacturing and has since grown to be a force to be reckoned within the same industry since 1997. The mission statement of the company reflects the intention of the management of
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Explain the views of at least 3 main stakeholders for each of your businesses What are the aims and objectives of the business? Who are the main stakeholders? What are they trying to achieve from influencing the organisation? What is their impact? Burger King The main aims and objectives of Burger King would of initially been to survive and establish themselves‚ but now as they are a huge global business they will want to become the number one fast food restaurant‚ expand (have more restaurants)
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Business Environment P2 Describe the different stakeholders who influence the purpose of two contrasting businesses. Blackpool pleasure beach A stakeholder is someone who is affected by the business either in success or failure. The stakeholders of Blackpool pleasure beach are: The owners of Blackpool pleasure beach are: Amanda Thompson and her brother Nicolas Thompson who is the deputy manager. It has always been a family run business and has been passed down by other family members. Without
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Perceptions of Tourism related Responsibility of the Stakeholders in a Tourist Destination: Empirical Evidences Edgar D’ Souza* Nandakumar Mekoth* Abstract There are multiple stakeholders who have varied interests in relation to tourism industry namely the host community‚ business organizations‚ tourists and the government. Responsible tourism aims not only to minimize the negative impacts but to maximize the positive impacts of tourism on these stake holders
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Johnson et al (2005‚ p9) argues‚ "Strategy is the direction and scope of an organisation over the long term‚ which achieves an advantage in a changing environment through its configuration or resources and competences with the aim of fulfilling stakeholder expectations." I feel that this gives a clear understanding to the term‚ as it involves the four key areas every organisation needs to manage; firstly‚ what areas the business wishes to operate within‚ i.e. that markets and its activities. Secondly
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The intent of this paper is to discuss the stakeholder’s concerns relative to the significance of perceived performance criteria and the related performance outcomes in a construction sector environment located in Hong Kong. The key participants to this study consisted of clients‚ designers‚ consultants and contractors. Using a one-way analysis of variance (ANOVA)‚ the research established nine performance criteria namely profitability‚ care for environmental protection‚ timeliness of project delivery
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Describe how external factors are impacting on 2 organisations and their stakeholders. 1st organisation: Tesco FACTORS (add description) | Impact on business activities | Impact on Stakeholders | Political 1:Membership of international trading communities’ e.g. European Union.The economic association of over two dozen European countries which seek to create a unified‚ barrier-free market for products and services throughout the continent‚ | This would affect Tesco on their business
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P2: Describe the key stakeholders who influence the purpose of two contrasting organizations. Google A stakeholder in a business is any individual or group with an interest in the decisions made by that company. Some of the stakeholders are internal to the business‚ such as its employees. Some are external to the business such as Google users. The key stakeholders in a business are customers‚ suppliers‚ employees‚ local and national communities and government. Employees- employees are one
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operating a motor vehicle. This issue has been the subject of much debate among consumer‚ industry and government stakeholders. Most consumer stakeholders‚ such as the Advocates for Highway and Auto Safety‚ agree that cell phone use while driving is an unsafe and hazardous distraction‚ while others feel that it is a new luxury provided by the advances in telecommunication. For industry stakeholders‚ this issue provides added markets for technological advances. For example‚ the sale of "hands-free" cellular
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P2- Describe the different stakeholders who influence the purpose of two contrasting businesses. A stakeholder is anyone with an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments‚ these are
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