M1 – Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations The stakeholders in a business can be a person‚ group or organisation that has an influence in an organisation. All stakeholders are not the same‚ they all have their differences. Customers The customers are a very important stakeholder of Sainsbury’s because the aims mostly involve them‚ Sainsbury’s want to ‘deliver an ever-improving quality shopping experience
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specifically tries to distinguish between shareholder and stakeholder in business context. Firstly‚ there will be analysed main ideas of stakeholder theory‚ main principles of it. Secondly‚ the importance and characteristics of stakeholder interdependence will be shown. Thirdly‚ clear identification of main stakeholder groups and relationship between those groups will be outlined. In order‚ to distinguish shareholders from other stakeholders there will be paragraph analysing identity of this group
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College Students as a non-profit stakeholders are really important to college‚ because without them college wouldn’t be able work. Whole point of College is to teach students a subject they pick to learn. College is giving opportunity for students to come and learn what they would like to study. This is a purpose of college‚ because as an organization that’s what they want to achieve. Subject that college is offering to students are important not only for students who are taking this subject
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The Stakeholder Theory: Aiding in the Long Term Success of Corporations Managers of corporations‚ big and small‚ must make decisions everyday‚ incorporating the appropriate ethics and also maximizing corporate profit. The two major theories in decision-making are the Stockholder theory and the Stakeholder theory‚ both of which I will be explaining. First‚ I will explain the Stockholder theory as a short-term profit oriented model with regards to business ethics decisions. Then‚ I will explain
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Home & Leisure – Home and home networks / Digital entertainment Smart homes a reality in S Korea The article is about apartment blocks in South Korea that have been built with smart technology. These smart homes allow the people who live there to control the appliances using a control panel. Using a remote‚ the person can access the IT system from outside and this is all with a system called HomeNet. Bills are paid automatically‚ using the person’s bank details which are held in a database in the
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Explain the views of at least 3 main stakeholders for each of your businesses What are the aims and objectives of the business? Who are the main stakeholders? What are they trying to achieve from influencing the organisation? What is their impact? Burger King The main aims and objectives of Burger King would of initially been to survive and establish themselves‚ but now as they are a huge global business they will want to become the number one fast food restaurant‚ expand (have more restaurants)
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financial statement and compares the past and present of the business to see if it is improving or failing. Disadvantage One disadvantage of Ratios is tools of quantitative analysis‚ which ignore qualitative points of view. For example the stock turn over ration and Asset turnover only look at the quantity and not if the quality of the product is up to standard. Another disadvantages id ‚ if they are calculated from incorrect accounting data‚ Ratios would give false result and it would affect
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Part I. Use the stakeholder model of business environments to critically examine the external environment of Asda Wal-Mart as outlined in the case study that follows. Each organisation has a unique external and internal environment that has unique impacts on the organisation. A stakeholder’s analysis categorises that environment determining whether an organisation or a person has any low or high interest and power over the business. Based on The Asda Wal-Mart case study‚ stakeholders are consecutive:
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these sites offer everything to facilitate your online life. However‚ under the mountain of advantages there are also a lot of disadvantages. Knowing them will hold you in good stead as you cannot know when this accessible-by-all tool becomes your worst nightmare. To know more read the article below on the pros and cons of social networking sites. Advantages & Disadvantages Of Social Networking Sites The Pros Of Social Networking Sites • The best advantage of social networking sites is that
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Case Study 5: DHL Bangladesh 1. What advantages and disadvantages associated with a matrix structure does this case reveal? The matrix structure of DHL lends many advantages and disadvantages to DHL. One advantage can be seen in the ability for DHL to accomplish pockets of business via the geographic settings through specific output groups to handle the diversity of business available for DHL. It keeps the different partitions of business in scope of how to best service each geographic region
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