Museum stakeholders are a group of people that share a special interest in the museum. There are internal stakeholders and external stakeholders. The main stakeholders of the museum might include the state’s central and local government or governmental agencies‚ the local communities‚ financial contributors or members‚ corporate sponsors‚ friends‚ schools and universities‚ and various individuals to include paid employees‚ volunteers‚ trustees‚ and donors. Having stakeholders is considered a best
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Report for Case 1: The Bribery Scandal At Siemens AG Siemens‚ originated by Werner von Siemens and Johann Georg Halske in 1847‚ now is one of the top companies which major business area is electrical engineering‚ and has millions of employees and operations in around 190 countries in the whole world. However‚ in 2007‚ two former managers of Siemens AG were proved to be guilty by a German court. The court accused them for giving money from company to employees of Enel Spa and asking for contracts
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Stakeholders Influences Assignment HSM/270 August 15‚ 2013 Human service programs depend on funding to provide service to countless individuals in a community. There are so many variables that are necessary to ensure the program will function correctly and efficiently. Stakeholders are a part and a major contributor on how the program will proceed. Stakeholders are a person‚ group‚ or an organization that has in impact on the operations of an agency or a human resources program. They
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Part A Section (i) The articles chosen for this essay paper were “Corporate Environmental Reporting: A test of legitimacy theory” by Trevor D. Wilmshurst and Geoffrey R. Frost and “The Stakeholder Theory: Concepts‚ Evidence and Implications” by Thomas Donaldson and Preston Lee. There were several factors that contributed to my choosing these particular articles for my study. First and foremost‚ these articles were both peer reviewed and the journals they were sourced from‚ namely the
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“The primary role of management is to maximize the wealth of the shareholder.” “Financial management should include not only a concern for profit maximization but also for maximization of societal value.” The stakeholder theory defines the main objective of each and every organization. It is to be able to maximize the wealth of the firm by increasing its stock price. By defining the wealth of the firm‚ it is also defining the stockholder who own shares of the company. The parallelism of the stock
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External stakeholders are those groups outside a business. Definition of external stakeholders is individuals who are not affected by the financial side of a company. External stakeholders of a business can include customers‚ political connections and other businesses in the similar industries. Local residents /community: William King is located in a residential zone with lots of homes nearby. Some of the work is very hot and in the summer‚ it is necessary to have the doors open. At night this
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the benefits of company. 3. How does the kind of corruption Siemens engaged in distort competition? Siemens tries to bribe officials to obtain many contracts. This is unfair competition. 4. What is the impact of corrupt behavior by Siemens on the countries where it does business? The impact of corrupt behavior by Siemens is that people who live in poor countries have to pay too much for government service because of these illegal transactions. Also‚ Siemens expands the culture of corruption in
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The Watergate Scandal was a scandal made by President Nixon for the fact that he wanted to get information about the presidential election and it ended up making Nixon seem untrustworthy‚ which made many people lose trust for their nation. When this happened the people who were working for Nixon ended up getting in trouble because of the illegal action they were trying to pull off. When the whole investigation started to end President Nixon resigned in order for him not to face more charges. This
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In history‚ the American Government has their fair share of scandals; these scandals may include corruption within the American Government‚ or even more personal as a sex scandal. Scandals can be a wide variety of different things. Ari Adut‚ a professor in the sociology department at University of Texas at Austin‚ describes how he perceives scandal in his book On Scandal. Adut explains his definition of scandal as‚ Scandal is a polysemic word. A real‚ apparent or alleged but significant transgression
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David Cameron has warned British retailers that ultimately they are responsible for the safety and standards of the food they supply to the public. (Henry McDonald 2013). Supermarket ‘Buyer power’ (Scholes (2011 P.56) may also play a role within the scandal. Large corporations such as Tescos have vast buying power in the food sector. They continually pressurize their suppliers for products at lower prices which help them keep their ‘resource costs’ (Worthington 2009 P. 183) low allowing for increased
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