Introduction: The purpose of this essay is to analyse the relationship between companies and their stakeholders and to determine whether or not good relationships with stakeholders lead to benefits‚ therefore possibly leading to significant cost savings. Benefits of good relationships with stakeholders: Positive relationships with stakeholders lead to several benefits for a company‚ in many aspects of the work place. Some of these benefits include: * Conflict resolution If positive relationships
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Administration and Stakeholders factor Administration and Stakeholders factor A current study shown by the Health Resources and Services Administration (2004) confirmed that a variety of factors affect the demand and supply of direct-care in health care. These factors can be divided into two groups: policy controllers which they have important impact and exogenous factors‚ which policy makers have little or no control. Policy controls are recognized as; employee’s pay‚ behavior of employees‚ unionization
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THE ROLE OF JUST-IN-TIME IMPLEMENTATION IN RELATION TO PERFORMANCE: AN EXPLORATORY STUDY By Che Ruhana Isa (PhD)* Tay Yew Keong Faculty of Business & Accountancy University of Malaya ABSTRACT This study investigates the relationship between the level of just-in-time (JIT) implementation and performance. The study employed self-administered questionnaire survey to collect data from Malaysian manufacturing companies. The statistical tests provide empirical evidence to support the predictions
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IMPLEMENTATION OF E-LEARNING IN HIGHER EDUCATION INSTITUTIONS Dr.R.Sivakumar INTRODUCTION Technological innovations have not only brought benefits to business‚ but to Higher Education Institutions (HEIs) where an unprecedented demand for tertiary education has seen students enrolling for courses‚ some doing so through distance education. This has made the internet a very significant and indispensable learning and business tool for information dissemination for both education purposes and business
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Quality Improvement Implementation In today’s business world‚ competition is high and most organizations search for ways to gain an advantage in their respectable markets. One of the obvious‚ but unfortunately overlooked‚ ways to be at the forefront is establishing‚ maintaining‚ and constantly improving quality processes within an organization. Riordan Manufacturing has an established quality culture and strives to maintain the quality processes that are currently in place. Through its quality
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Enron ’s ex-role: model of ethics For the gurus of socially responsible investing‚ what lessons from a tarnished star? * * * * * * * * By Laurent Belsie‚ Staff writer of The Christian Science Monitor / March 4‚ 2002 Perhaps the ultimate irony about Enron Corp. is how it charmed ethical investors‚ even the pros‚ for so long. The Houston-based energy giant not only said the right things‚ it also invested in solar energy‚ addressed questionable labor practices
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question can be discussed in the stockholder vs. stakeholder debate. Although there are reasonable arguments for both – the stockholder and the stakeholder theory - I will use this paper to show that the stakeholder approach is superior and should be used for business in companies. To reach my conclusion‚ I structured the paper in the following way: The second Chapter should explain the basic idea and the basic concept of the stockholder and the stakeholder theory. Based on this explanation the following
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Stakeholders vs. Shareholders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. 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. Shareholder is someone who owns shares of stock in a corporation or mutual fund. For corporations‚ along with the ownership comes a right
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deception or fraud.” Friedman did not support firms acting illegally‚ unethically‚ or immorally; he believed the goal of firms was to maximize shareholder wealth within the legal boundaries of society. Government and citizens should assume their rightful roles by setting 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
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power against stakeholders e.g. customers‚ employees‚ suppliers‚ public‚ communities”. Do you agree or disagree? Explain what you answer is and why have you reached that conclusion. You are to include a clear rational argument for your case that has strong examples to support your thinking. Unlike shareholders who are solely interested in return dividends and share price growth‚ stakeholders have wide variety of interests in how companies operate. Freeman (1984) stated that stakeholders are‚ “any
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