The Shareholders vs. Stakeholders Debate T he stakeholder theorists smell blood. Scandals at Enron‚ Global Crossing‚ ImClone‚ Tyco International and WorldCom‚ concerns about the independence of accountants who are charged with auditing financial statements‚ and questions about the incentive schema and investor recommendations at Credit Suisse First Boston and iMerrill Lynch have all provided rich fodder for those who question the premise of shareholder supremacy. Many observers have claimed that
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/1755-4179.htm Shareholder and stakeholder theory: after the financial crisis Terence Tse ESCP Europe‚ London‚ UK Abstract Purpose – The recent financial crisis has restarted the debate of the value of both shareholder and stakeholder theories. This paper aims to continue this discussion. Design/methodology/approach – The paper reviews existing literature and examines the benefits and problems associated
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MEMORANDUM Date: April 18‚ 2012 To: Samuel Neesen‚ Vice President From: Monica Cho‚ Marketing MC Subject: Saving Time and Money on Copying We are losing money on our current copy services and wasting the time of employees as well. Because our aging Canon copier is in use constantly and can’t handle our growing printing volume‚ we find it increasingly necessary to send major jobs out to Copy Quick. Moreover‚ whenever we need colour copies‚ we can’t
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and shareholders to improve performance‚ and where the growth strategy is aimed at exports‚ logistics outsourcing can have an important impact. The main purpose of this assignment has therefore been to investigate the advantages that accrue to stakeholders when outsourcing logistics practices to third party logistics providers (3PL) and a discussion follows as to other value adding services that 3PL organisations can provide. Table of Contents: Introduction: According
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Discussion Questions 1. Explain why DJs are such important stakeholders in the music industry. Why it is crucial to have closely knit relationship with them? DJs are important stakeholders in the music industry since DJs pre-selects the songs that are going to be played on the radio and the songs that get to be played on the radio will generate commercial success. Therefore it is crucial for record companies to have closely knit relationships with the DJs in order to solicit favors from the
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and maintaining those limits. Several concepts prove why the ethical responsibility of a corporation should be placed internally‚ on producing profit‚ rather than addressing social issues. Friedman’s philosophy supports the rights of shareholders and says that the primary duty of corporations is to maximize profit. Shareholders are owners of the corporation and by investing their money into the corporation‚ they deserve to be properly valued. This illustrates an underlying philosophy known as property
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chosen to analyze are Bank of America Merrill Lynch followed by Goldman Sachs Group‚ Morgan Stanley‚ and JP Morgan Chase and Co. These companies are known as investment banks. An investment bank is a financial institution that assists individuals‚ corporations‚ and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions‚ and provide ancillary services such as market
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Task 1 Introduction In this assignment I am going to identify the purposes of different types of organisations‚ describe the extent to which an organisation meets the objectives of different stakeholders and explain the responsibilities of an organisation and strategies employed to meet them. I am also going to give examples based on my own personal experience; I also investigate how organisation structure and culture contribute to business successes. I will also look in to how organisations
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Corporate stakeholders and their roles A corporate stakeholder is a party that affects or can be affected by the actions of the business as a whole. Corporate stakeholders can also refer to those groups without whose support the organization would cease to exist. The following are some of corporate stakeholders and their roles: Employees An employee is a person in the service of another under any contract of hire‚ express or implied‚ oral or written‚ where the employer has the power
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Sony Ericsson SWOT Analysis Strength Diversity among products. Sony as a brand name. Weakness Lack in understanding Customer Preferences Less technology advancement Lack of user centered designs. Lack of Brand awareness globally Opportunities Mobile phones market in developing High % of young market Strong Customer demand for innovative product High Disposable income in emerging markets. Network capabilities and low tariff of service providers. Threats
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