A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. Some examples of key stakeholders are creditors‚ directors‚ employees‚ government (and its agencies)‚ owners (shareholders)‚ suppliers‚ unions‚ and the community from which the business draws its resources. Not all stakeholders are equal. A company’s customers are entitled to fair trading practices
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I. ROLE OF HUMAN CAPITAL IN ECONOMIC DEVELOPMENT: SOME MYTHS AND REALITIES* A. Background The world today is very different from the one which experienced the two world wars. During the second half of the twentieth century‚ considerable advancements in science and technology‚ along with the establishment of broadly-based governments and strengthening of institutions‚ have led to significant socio-economic progress and improvement in the lives of a large number of people in many countries
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Conclusion 5.1 Summary of Major Findings 27 5.2 Economic Performance 28 5.3 Policy Recommendation 28 Chapter – 1 Introduction There is no denying the fact that the economical business sector plays a significant role in the economic development of a country. The importance of an efficient economic sector lies in the fact that‚ it ensures domestic resources mobilization‚ generation of savings‚ and investments in productive sectors. In fact‚ it is the system by which a country’s
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Introduction Since we need to figure out the affection of stakeholders to an organisation‚ we should firstly take into consideration about the category of stakeholders and consecutively find out what do these individuals and groups enforce to influence organisations’ activities. Subsequently‚ we will also acknowledge what could organisations do to understand and control stakeholders. Classification of stakeholders We assume that the organisation we are talking about is a firm. So that we can
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BA 215 Spring 2007 Enron Stakeholder Assignment Enron was a dream come true for a lot of people‚ but it was also a nightmare waiting to happen for many more. I am going to examine the collapse of Enron from the management perspective. The three examples of Enron behaving badly that I am going to study are the incidents in Valhalla‚ the electricity trading in California and the conflict of interest between Andy Fastow and his special purpose entities (SPE). These are just a few cases that led
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The question what is education or if i may be more precise what is the purpose of education . Some think that education is the purpose for which one acquires some skill in a particular field and gets to wear that black hat and get a photo with the vice chancellor or the chairman of the institution. That is what has become the purpose of education . But if someone is a degree holder but does not know the basic attiquettes or don ’t care about anything that is the time to think for us all that is that
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What is INTELLECTUAL PROPERTY? Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law‚ owners are granted certain exclusive rights to a variety of intangible assets‚ such as musical‚ literary‚ and artistic works; discoveries and inventions; and words‚ phrases‚ symbols‚ and designs. Common types of intellectual property rights include copyright‚ trademarks‚ patents‚ industrial design rights‚ trade
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subordinates‚ else it will lead to absenteeism amongst workers‚ lower productivity‚ development of grapevine networks in an organization. There should be two-way communication in an organization. Manager should have personal contact with his subordinates. He should clearly communicate goals and policies of the organization to his subordinates and should get feedback on these goals and policies. Feedback plays a very important role in the communication process. It enables us to evaluate the effectiveness of
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Unit 1: The Business Environment P2: To describe the influence of stakeholders on the business. Stakeholders: A stakeholder is anyone with an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of the business. There are two types of stakeholders: – Internal: These are groups within the business including owners and workers. – External: These are groups from outside of the business including the community.
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P2 – Explain the implications for the business and stakeholders of a business operating ethically. A stakeholder is a person‚ group‚ or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions‚ objectives‚ and policies. Key stakeholders in a business organization include creditors‚ customers‚ employees‚ government‚ owners‚ suppliers‚ unions and the community from which the business draws its resources. Tesco is committed
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