power against stakeholders e.g. customers‚ employees‚ suppliers‚ public‚ communities”. Do you agree or disagree? Explain what you answer is and why have you reached that conclusion. You are to include a clear rational argument for your case that has strong examples to support your thinking. Unlike shareholders who are solely interested in return dividends and share price growth‚ stakeholders have wide variety of interests in how companies operate. Freeman (1984) stated that stakeholders are‚ “any
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Objectives: According to Gosep‚ workers’ participation may be viewed as: o An instrument for increasing the efficiency of enterprises and establishing harmonious relations; o A device for developing social education for promoting solidarity among workers and for tapping human talents; o A means for achieving industrial peace and harmony which leads to higher productivity and increased production; o A humanitarian act‚ elevating the status of a worker in the society; o An ideological way of
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SECTION 1 *Identification of the purpose of different types of organisation We have two main types of business organisations. Which are Profit-making organisations and Not-for-profit organisations. In the profit making organisation‚ we have the Sole traders‚ Partnerships and LLPs‚ Companies and The Franchises. While on the Not-for-profit organisation we have the Quangos‚ Voluntary‚ public sector bodies and the charities. *SOLE TRADER- This is a simple business that is easy to set up‚ and which
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Objectives of the Act The basic objective of the Act is to enhance livelihood security in rural areas by providing at least 100 days of guaranteed wage employment on demand. This work guarantee can also serve other objectives: generating productive assets‚ protecting the environment‚ rural empowerment of women‚ reducing rural-urban migration and fostering social equity‚ development initiative‚ public investments for creation of durable assets‚ decentralized implementation‚ demand driven and so on
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competative and external environment whilst finding key factors which are affecting the organisation. Meanwhile the company’s competitive strategies will be investigated. 2. PEST – External Environment I have been told to analyse the external environment and from this identify the key factors which are affecting Wetherspoons‚ the majority of research I did for this was over the internet‚ reviewing different sites with relevant information then adding my personal views on the topics. Firstly
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vs Objective In stories‚ newspapers‚ and the spoken word‚ people all over the world are trying to convince you to think as they do. They are bombarding you with facts and figures‚ opinions and projections. It is up to you to create order within this chaos and find the patterns that will help you to understand what is true‚ what could be true‚ and what is outright false. In order to do all this‚ you need to have a firm grip on what is objective and what is subjective. Definition of Objective and
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Business ethics- impact of the stakeholders As we all know stakeholders have a huge impact on the business but it works both ways. The business and its ethical behaviour also affect the stakeholders and the business itself. Today I am going to evaluate the impact of Sainsbury’s ethical behaviour on its stakeholders and the business. In 2007 Sainsbury has acted very unethically. They sold around 20‚000 cotton bags made by well-known designer. They wanted to make it fashionable to use cotton
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collective behaviors and assumptions that are taught to new organizational members as a way of perceiving‚ and even thinking and feeling. Organizational culture affects the way people and groups interact with each other‚ with clients‚ and with stakeholders. Organizational culture is defined as a pattern of basic assumptions invented‚ discovered or developed by a given group‚ as it learns to cope with the problems of external adaption and internal investigation that has worked well enough to be
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What are the main features of rational organisation and what are its strengths and weaknesses? To what extent would you recommend rational organisation design as the way forward for junction hotel? This essay will take an in depth analysis of the rational organisation design and evaluate the affects that it will implement on Junction Hotel‚ if they decide to run their organisation according to the rational theory. This will entail a detailed look into theorists such as Frederick Taylor who supported
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P2- describe the different stakeholders who influence the purpose of two contrasting businesses Ralph Thoresby School The school has lots of stakeholders that play a part inside the school this does not always mean that they have to be is shareholders or even that they own the business. A stakeholder can be in this case a student‚ parents‚ teacher‚ head teacher‚ government and the local area and shops. It is just someone that is affected by that business. All of these vary in the amount of influence
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