P1 & P2 & M1 P1 – “Describe the type of business‚ purpose and ownership of two contrasting businesses” Willen Hospice Willen hospice cares for people who can no longer get their illnesses treated. They work around Milton Keynes‚ Bedfordshire and Northamptonshire. Willen Hospice is a charity and a charity is a business that requires funds from the NHS and general people who donate‚ it is also non-profitable business. Willen Hospices aim and objective is: “Our vision is to be the lasting and thriving
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P2-q1a Convergence between IFRSs and US GAAP The IASB and the US Financial Accounting Standards Board (FASB) have been working together since 2002 to achieve convergence of IFRSs and US generally accepted accounting principles (GAAP). A common set of high quality global standards remains a priority of both the IASB and the FASB. In September 2002 the IASB and the FASB agreed to work together‚ in consultation with other national and regional bodies‚ to remove the differences between international
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P2 Describe the needs of inbound and domestic visitors to UK destinations Connor Murphy Introduction • In this presentation I am going to be looing at the different needs that inbound and domestic visitors will have when they visit the UK as a travel destination. I will look at specific examples for both domestic and inbound visitors Inbound visitors to UK Destinations Inbound tourism is when people enter a country from their own country or another country which is not their home. For example
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had divided families and friends. Often it was the innocent bystanders most affected by such behaviour. The collateral damage was often so costly. But it was Thomas who would end up as Daniel’s target that day. Introduction All researchers have different beliefs and ways of viewing and interacting within their surroundings. As a result‚ the way in which research studies are conducted vary. However‚ there are certain standards and rules that guide a researcher’s actions and beliefs. Such standards
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The Stakeholder Theory of the Corporation: Concepts‚ Evidence‚ and Implications Author(s): Thomas Donaldson and Lee E. Preston Source: The Academy of Management Review‚ Vol. 20‚ No. 1 (Jan.‚ 1995)‚ pp. 65-91 Published by: Academy of Management Stable URL: http://www.jstor.org/stable/258887 Accessed: 20/04/2010 23:08 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR ’s Terms
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(M1) Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations Points of view of Mark and Spencer stakeholders: Customers They would usually want Mark and Spencer to produce high-quality‚ value-for-money products. Customers often identify with the brands they buy. They like to see improvements that give them better value for money. Customers would want aims and objectives that are focused on satisfying their needs as customers
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Explain the Points of View of Different Stakeholders Seeking to Influence the Aims and Objectives of Two Contrasting Companies. Muslim Aid Aims of the Organisation Muslim Aid’s aims are to prevent poverty from maximizing and also to help raise money to those in need of it. Employees Muslim Aid is a charity organisation which is run by fundraisers. There are many stakeholders. One of them is the donors which donate to Muslim Aid’s charity along with other stakeholders like voluntary‚ people who
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corporate strategy other than the organisations stakeholders which can influence the management decision process and the corporations strategy. The most influential external factors which will effect the organisations strategy are those included within the PESTEL framework and ethical issues within the marketplace‚ internal factors will mainly include the organisations history and culture. When discussing strategy there are generally 3 different ways in which it can be looked at‚ known as the
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What is Stakeholder Analysis? Stakeholder Analysis (SA) is a methodology used to facilitate institutional and policy reform processes by accounting for and often incorporating the needs of those who have a ‘stake’ or an interest in the reforms under consideration. With information on stakeholders‚ their interests‚ and their capacity to oppose reform‚ reform advocates can choose how to best accommodate them‚ thus assuring policies adopted are politically realistic and sustainable. Although Stakeholder
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Shareholder and Stakeholder Over the last decade‚ with the rapid development of business management‚ the Shareholders who are the effective owners of the company invest money into the business and want as much profit as possible as a return for their investment. Shareholders will engage manager to help them to run the business and make various decisions in different aspects in order to maximize potential wealth. There seems to be no doubt that a manager has a legal responsibility to shareholders
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