describe the attributes (power‚ legitimacy‚ urgency) of this stakeholder. Assess the company’s strategy and performance with environmental and employee stakeholders. A stakeholder framework helps identify the internal stakeholders and the external stakeholders. Internal stakeholders such as: employees‚ boards of directors‚ and managers. Customers‚ special interest groups‚ regulators‚ and others who agree are external stakeholders who collaborate and engage in confrontations on ethical issues
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Influence of Stakeholders Name of Organisation B: | Apple | Sector: | | Examples of Stakeholders | How are stakeholders influenced by the organisation? | How is the organisation influenced by the stakeholder? | Customers | The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder‚ they
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1. Lack of stakeholder engagement strategy – Apple simply doesn’t believe it needs to engage stakeholders‚ not to mention having an engagement strategy. We can see it every time‚ from not sharing information with Greenpeace about why Greenpeace got it wrong about the power consumption of Apple’s North Carolina data center to not responding at first to Chinese environmental groups investigating pollution issues in Apple’s supply chain in China. Another example is Apple’s tendency to reply to questions
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what the author helps the reader to understand; the collaborative information that the chapter provides illustrates a somewhat intangible relationship‚ in which we (business‚ government‚ and society) all are stakeholders. The author helps the reader understands the interactions of the stakeholders‚ and these interactions shape how business’ assumes social responsibility; whether it is self imposed‚ dictated by law/regulation‚ or pressured by social values‚ ideas‚ and expectations. The author then offers
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Blindness MGT 597: Leadership Ethics Dr. Brandon Randolph-Seng Javiaur Harmon: Winter Mini 2014 - 2015 1. Think about the definition stakeholders—any parties with a stake in the organization’s actions or performance. Who are the stakeholders in this situation? How many can you list? On what basis would you rank them in importance? The stakeholders in this situation were the employees (research scientists doing the R&D)‚ Merck‚ and the target audience which would be the consumers of the product
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Explain the implications for the business and stakeholders of a business operating ethically. (P2) All businesses have a number of stakeholders each with individual interests in what the business does‚ the owners (In co-ops case‚ the members) will want good financial gains from their investments. Businesses such as co-op should be managed with the interests of all stakeholders in mind. Stakeholder is anyone with an interest in a business. Stakeholder can be individuals‚ groups or even organisations
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British Airways stakeholders. Those indivivals who have interest to BA operations are BA’s stakeholders‚ or any individuals whose action can affect BA’s operation can be stakeholders of British Airways. Stake holder can be either internal or external. Internal stakeholders: are those who are involved with business internally for example owners‚ shareholders‚ managers and employees. External Stakeholders: are those who are involved in business externally for example customers‚ suppliers‚ local
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M1 Within any company there would be stakeholders that may have more influence over the company than some as is the same with Thorpe Park as they have four main stakeholders and each of them have their own Customers-The customers play an important role in any business’s company especially Thorpe Park as the main purpose of their business is to provide a service. The company uses different tactics to keep the customers happy such as promotions‚ for example; Thorpe Park offers discounts to the customers
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Strategic competitiveness is something that is achieved by a firm when they have successfully implemented a value-creating strategy. Here‚ strategy refers to an integrated actions that are designed to help a firm gain advantage between competitions. Competitive advantage refers to when a firm implements a strategy which cannot be duplicated or found too costly to imitate. Hence‚ this would lead to above-average returns which are the returns in excess of what an investor expects to earn from other
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TMA 01 Part A Dear Nick Newbury‚ Below is a list of stakeholders of which I have compiled to give you an insight on how to go about in your current situation. i. Internal stakeholders (original founding members of Original Travel) The three internal stakeholders consist of yourself‚ Alastair Poulain and Tom Barber. Your main concern is financial growth and return from your business. I believe that all three members need to be informed in choices related to the business. Your main contribution
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