Managing Communications‚ knowledge and Information Name – Tuan Mohammed Khaalid Sampan Course Title – HNC in Business Student ID – CLA/12B12/4/5780 Email Address– www.khaalid@gmail.com ludmila@cola-uk.com Task 1 1.1 – Discuss the range of decisions to be taken Decision making is the method of choosing the best obtainable course of action after deliberation of the results of that decision and other significant factors. There are several types of business decisions which are taken
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Introduction For this task I have been asked to discuss the stakeholder’s aims and objectives of my two businesses. It is important for stakeholders to have an influence as they can offer ideas and anything the company is doing is in their interest. Aims of Waitrose • The aims of Waitrose are to offer a top quality service and also try have get their customer to be eating organic affordable food by 2012. • They also are trying to get their own farm to own and grown organic crops. Objectives
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different stakeholders exert in Diageo. Date: 28th of March 2014 Introduction I am going to establish how the different stakeholders attempt to influence Diageo and to what extent they have been successful. Methods To rate Diageo’s stakeholders by their influence‚ helped Diageo’s website page which define their stakeholders as all those who affect or are affected by Diageo’s business. They include internal and external stakeholders. A table in the website page sets out each stakeholder group and
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I am going to evaluate the influence that stakeholders exert on Sainsbury’s. I will be evaluating the following stakeholders: customers‚ employees‚ shareholders‚ suppliers‚ the government and owners. The first stakeholder I am going to evaluate is customers which are external stakeholders. Customers contribute to profit levels and turnover through buying products and services. People are stakeholders in a company for financial reasons‚ customers do not want to have to spend an excessive amount
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between company and shareholders. OECD: a system a company can be directed and controlled‚ specify rights‚ responsibilities and rules; set and achieve objectives and monitor performance. A board definition consider relationship between company and stakeholders Agency theory A contract under which one or more person engage another person or persons to perform some service on their behalf Agency problem rise because of the conflict of interest between principle and agent Three specific problems: Managers
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external stakeholders. I will try to explain whether or not the Doctor has accomplished his ethical responsibilities by making reports of any and all illegal acts that may have taken place. I will also give examples of the deontology and utilitarianism principles and apply them to this case. 1. Determine at least three (3) different internal and external stakeholders that Dr. Do Right might have to deal with on a daily basis at the hospital. A Stakeholder can be
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Business leaders increasingly face pressure from stakeholders to be transparent. There appears however little consensus on the risks and payoffs of disclosing vital information such as corporate strategy. To fill this gap‚ this study analyzes firm-specific determinants and organisational outcomes of voluntary disclosure of corporate strategy. Stakeholder theory and agency theory help to understand whether companies serve their interest to engage with stakeholders and overcome information asymmetries. I connect
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I am going to evaluate the influence that stakeholders have on Microsoft. The first stakeholder I’m going to evaluate is customers which are external stakeholders. Customers contribute to profit through purchasing their products and providing loyal support to all their goods. People are stakeholders in a company for financial reasons; Microsoft’s customers don’t want to be paying an excessive amount for their goods. If a rival company‚ such as Apple‚ produce cheaper products than their customers
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understanding about the difference between Responsibility and liability and what is the relation between them? Limited liability- I would try to answer some of the question as where it come from and why? How its effect the company‚ shareholders and stakeholders? What the resolute of it in our society? Manager Responsibility as agent- What their responsibility? Whom they working for? To whom they report and need to benefit? The assumption in the agent theory- Do we really know what going on in the company
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M1 Within any company there would be stakeholders that may have more influence over the company than some as is the same with Thorpe Park as they have four main stakeholders and each of them have their own Customers-The customers play an important role in any business’s company especially Thorpe Park as the main purpose of their business is to provide a service. The company uses different tactics to keep the customers happy such as promotions‚ for example; Thorpe Park offers discounts to the customers
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