P2 describe the different stakeholders who influence the purpose of two contrasting businesses In this task I am going to be writing a business report regarding Carlsberg and Capital Foods showing the different types of stakeholders‚ which include within the two organisations. It will show how the stakeholders influence within the two businesses‚ and how they set their own objectives towards the companies. CARLSBERG Customers Customers are the people who buy the products and sell them‚ or use
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A corporate stakeholder is that which can affect or be affected by the actions of the business as a whole. Examples of a company’s stakeholders Stakeholders | | Government | Taxation‚ VAT‚ legislation‚ low unemployment‚ truthful reporting. | Employees | Rates of pay‚ job security‚ compensation‚ respect‚ truthful communication. | Customers | Value‚ quality‚ customer care‚ ethical products. | Suppliers | Providers of products and services used in the end product for the customer‚ equitable
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Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Dr. Obradovich Monsanto is one of the world’s largest industrial agriculture businesses‚ especially focusing on genetically modified products. The company specializes in biotechnology‚ modifying crops and genetic manipulation of organisms. These modifications help farmers by using less land and creating more crops‚ which equals more profits. Genertitically modified (GM) food also helps create solutions to world hunger
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According to Kerzner‚ “Stakeholders are individuals or organizations that can be favorably or unfavorably impacted by the project” (Kerzner). Stakeholders can be internal like employees or they can be external like suppliers. Some best practices include identifying all stakeholders‚ determining their level of interest & importance levels‚ paying attention to cultural influences and listen to all opinions and apprehensions‚ list all stakeholder expectations clearly‚ identifying tasks and who
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Stakeholders 1st Business: Nike The aim of this business is to provide and develop products for athletes of every ability and to make sure their products help athletes reach their potential. They also want to create business opportunities that set them apart from competition and also to provide value for their stakeholders. Having objectives in a business is very important because it brings goals that the business needs to reach and also allows the company to be united. With Nike being a huge
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Walmart Stakeholders 3/18/2013 Walmart is one of the largest retailers in the world that is steadily growing and seeking to develop ways of meeting the needs of their stakeholders. In our textbook‚ stakeholders are defined as “people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address” (Nickels‚ McHugh & McHugh‚ 2009). Walmart has several internal and external stakeholders that keep the business at the top of the retail
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individual gaining exposure to their audiences using topics of public interest and news items that do not require direct payment. * Lee published a Declaration of Principles‚ which said that public relations work should be done in the open‚ should be accurate and cover topics of public interest * The aim of public relations by a company often is to persuade the public‚ investors‚ partners‚ employees‚ and other stakeholders to maintain a certain point of view about it‚ its leadership‚ products
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Stakeholder Relationships Brief To produce a set of recommendations in a written document about how McDonalds PLC‚ can reduce its carbon footprint through the management of key stakeholder relationships. Introduction McDonald’s PLC‚ is one of the largest fast food chains in the world‚ with 32‚000 outlets in 117 countries. In the UK the first restaurant opened in 1974 and now in the UK stores alone‚ the chain serves 2.5 million customers daily. In the early 2000’s McDonalds saw for the first
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Stakeholder analysis toolkit 1. What is Stakeholder Analysis It is the identification of a project’s key stakeholders‚ an assessment of their interests and the ways in which these interests affect the project and its viability. A stakeholder is any person‚ group or institution with an interest in the project. A stakeholder may not necessarily be involved/included in the decision making process. Stakeholders should be identified in terms of their roles not individual names. A stakeholder need not
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In this essay ‚some theories about stakeholder‚stakeholder analysis and stakeholder mapping will be disscused.Outlining the main ideas ‚pointing out the strenght and limitation will be the tasks of the first parts of the assignment.Then apply the knowledges to certain higher education instituion (in this case‚ the University of Essex) later in the essay.More analysis and comparison can be found in this part. First of all‚the definition of stakeholder.In other words‚who are they?The answer can
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