(Jamali 2008). The purpose of this paper is to critically analyze the two different views of social responsibility of business among scholars and business practitioners. The first is the shareholders view of Milton Friedman and another one is the stakeholder view of Bob Dudley‚ Group Chief Executive of BP Corporation. I will outline key arguments and point out drawbacks of the two perspectives to clarify the underlying principles of business responsibility to society in theory and practice. These analyses
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PROJECT MANAGEMENT Project management can be said to be the management or control of a unique set of co-ordinated activities‚ with definite starting and finishing points‚ undertaken by an individual or team to meet specific objectives within defined time‚ cost and performance parameters. There exist various methods for managing projects. The most common which is most suitable for large size projects is PRINCE2 Pons (2008).
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ITV Player and itv.com. ITV also operates worldwide and currently has offices in the US‚ Germany‚ Australia‚ Sweden and France. Critical evaluation ITV produces a Governance Report along with their Annual Report so that their investors and stakeholders can see that they complied with the requirements of the Corporate Governance Code. This report includes ‘’how the board works‚ effectiveness‚ accountability‚ relations with shareholders‚ audit committee report and remuneration report.’’ (AR‚ Page
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analysis a case study about an organization called Tesco. In this analysis‚ I will discuss the purpose of the key business function in the organization. Furthermore‚ I will analyze the power-grid interest of Tesco’s stakeholder. In addition‚ I will analyze the key issue in the managing stakeholder. Finally‚ I will show a SWOT analysis of Tesco. Introduction The business industry is getting wider and competitive. According to Hannagan (2008)‚ organizations must be controlled and well organized
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objective‚ the pursuit of which motivates and enables managers to make substantially better strategic and organizational decisions than they would in pursuit of any other goal. And its accomplishment is essential to the welfare of all the company’s stakeholders‚ for it is only when wealth is created that customers will continue to enjoy a flow of new‚ better‚ and cheaper products and the world’s economies will see new jobs created and old ones improved.McTaggart‚ Kontes‚ and Mankins (1994)‚ chap. 1.
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discussing the main communication problem that BP faced. First I will discuss the causes of the problem‚ second I will talk about the symptoms. Thirdly‚ I will discuss the key stakeholder groups and the issues they are concerned about. Lastly‚ I will discuss how BP can use the communication model to deal with each stakeholder group. The main communication problem that BP was facing is that Mr. Hayward‚ the chief spokesperson‚ was not very popular among the public. This was due to the fact that he
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Improving Walmart’s Corporate Image Introduction “Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen‚ well-timed‚ sincere words of praise. They’re absolutely free and worth a fortune.” -Sam Walton Like the founder of the world’s largest retail company said himself‚ Walmart has certainly appreciated everything their associates do for their business. Everything‚ including dying. While Walmart has been scrutinized in the
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Describe the organisation’s current risk management policies‚ procedures and processors and comment on the strengths and weaknesses of these arrangements? The strength of these processes and policies is that it very simple‚ to the point and covers itself in most areas. The weaknesses of the policies and process is very brief and doesn’t give any definitions on what the descriptions in the flow chart boxes mean in great detail. It would be therefore a lot of emphasis on the training in order
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“Please Accept BTS” The following essay focuses on how a new business idea called Behind the Scenes (“BTS”) can be systematically molded in order to minimize acceptance resistance from key stakeholders. The paper is inspired on the reading “Why Consumers Don’t Buy: The Psychology of New Product Adoption” (Courville‚ 2004). BTS consists of an application for smartphones which enables clients watching a film or TV program to identify products placed within the scenes‚ select the product from the
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that Nike have to go beyond their minimal responsibility e.g. improving working conditions - in order to maximize their shareholders’ wealth? 2. Stakeholder Theory: Stakeholder theory requires that the corporation recognizes and respect the vital interests’ of each of its surrounding stakeholders. This results in corporations proposing stakeholders’ rights and assigning related duties to recognize and respect these rights. NIKE CASE: Nike failed in recognizing and respecting the rights of employees
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