P2: Describe the different stakeholders who influence the purpose of two contrasting businesses. What are stake-holders? Stake-holders are any individuals‚ organizations and companies’s interested in the business section and are affected by the business activities. Internal stake-holders are groups within the business; On the other hand‚ External stake-holders are those outside the business‚ for example‚ the community. Internal stake-holders consist of: Owners: Interested in making profit and
Premium Management Strategic management Marketing
archipelago. From the outside‚ the tensions between conservation and tourism are palatable. One side bestowing the virtues of protecting the fragile ecology of the islands while the other is intent on sharing the multitudes of options for an “ideal” vacation with whomever will lend an ear. When talking with people who live and work in the islands‚ the lines blur between the two and different shades of helpful and damaging come into view. There is a struggle between preserving the islands and the way things
Premium Charles Darwin Galápagos Islands Ecuador
There are many different theories when it comes to motivating people. One theory by Frederick Winslow Taylor (1856 – 1917) put forward the idea that workers are motivated mainly by pay. His Theory was that workers do not naturally enjoy work and so they would need close supervision and control. Elton Mayo (1880 – 1949) believed that workers are not just concerned with money but could be better motivated by having their social needs met at work. Mayo introduced the Human Relation School of thought
Premium Maslow's hierarchy of needs Psychology Motivation
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
Premium Project management
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
Premium Management Strategic management Stakeholder
Matthew Smith Agency Relationship Agency relationship is a consensual relationship between two parties‚ where one party‚ the principal‚ gives authority to another party‚ the agent‚ to act on behalf of and under the control of the principal to deal with a third party‚ thereby creating a fiduciary relationship. The law of agency allows one person to employ another to do his/her work‚ sell his/her goods‚ and acquire property on his/her own behalf. Although a principal-agent relationship can be
Premium Tort law Agency Vicarious liability
forget that the intention behind the making of Human Right Act is to giving the people the convention rights from Home not to abolish the Parliamentary sovereignty. So if the judges use the purposive approach then they might be able to draw a line between the Act of Parliament and Human Right Act 1998. There are three basic rules of statutory interpretation: It is often said that there are basic rules of statutory interpretation – the literal rule‚ the golden rule and the mischief rule. It is important
Premium Statutory law Law Human rights
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
Premium Management Business Stakeholder analysis
Theory X and Theory Y was an idea devised by Douglas McGregor in his 1960 book “The Human Side of Enterprise”. It encapsulated a fundamental distinction between management styles and has formed the basis for much subsequent writing on the subject (Economist. 2015) The theories look at how a manager’s perceptions of what motivate his or her team members affect the way he or she behaves. By understanding how your assumptions about employees’ motivation can influence your management style‚ you can adapt
Premium Management Organization Strategic management
Concept Comparison and Analysis Across Theories NUR/513 October‚ 22‚ 2012 Delores Diehl Concept Comparison and Analysis Across Theories Nursing is a science that has many theories to support the beliefs and clinical practice of the profession. One core concept prevalent in many nursing theories is caring. Theorist Jean Watson and Madeleine Leininger are both nursing theorists who developed theories around caring and nursing. The subject of discussion in this paper is the comparison and analysis
Premium Nursing theory Nursing Madeleine Leininger