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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University of Phoenix Material The Fabulous Fifties Matrix Choose ten items from the following list and identify their significance during the 1950s: The Mickey Mouse Club Interstate highways Dishwashers Automobiles Hi-Fis and stereos Poodle skirts Drive-in theaters Levittown Dr. Spock Ozzie and Harriett I Love Lucy Persistent poverty Black urban migration Urban renewal Beatniks (beats) American Bandstand Elvis Presley James Dean Event Significance
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Check Personalized Study Guide Results: Score: 17 / 18 Concepts Mastery Questions Stakeholder Influence 67% 123 Ethical Differences 100% 456 Rules of Ethical Decision Making 100% 789 Laws Affecting Business Commerce 100% 101112 Laws Affecting Business Occupation 100% 131415 Laws Affecting Business Organization 100% 161718 Concept: Stakeholder Influence Mastery 67% Questions 123 Materials on the concept: Stakeholders and Business Ethics 1. Which of the following people or groups supply a company with
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My organization (Encana) has many internal and external key stakeholders that include the following: Customers JV Partners Landowners Environmental groups Shareholders Government Regulatory Bodies Industry associations Suppliers Contractors Employees Internal Business Unit Leaders Internal service group providers to Business Units Based on my position within the company I’ll talk to two of the above stakeholders and relationships I’m more familiar - Government Regulatory Bodies and Contractors‚
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question honestly or lie. If both answer honestly each receives $100. If one player answers honestly and the other lies‚ the liar receives $500 and the honest player gets nothing. If both lie‚ then each receives $50. a) Construct the payoff matrix Honest Player 1 Lie $100 $100 $500 $0 $500 $0 $50 $50 $100 $100 $500 $0 $500 $0 $50 $50 Honest P2 Lie b) What choice will each make? Is there a dominant strategy for either player‚ is who
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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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Stakeholders People‚ groups or other organizations who have an interest‚ claim‚ or stake in an organization‚ in what it does‚ and in how well it performs. Organizations exist because of their ability to create valued goods and services which yield acceptable outcomes for various groups of stakeholders‚ people who have an interest‚ claim‚ or stake in the organization‚ in what it does‚ and in how well it performs. In general‚ stakeholders are motivated to participate in an organization if they receive
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STAKEHOLDER TESCO PCL CO-OPERATIVE GROUP Employees Employees are people that work for Tesco Plc in the exchange of a living wage/salary. In order to work at their best‚ these employees want security; they want promotions and rates of reward for their hard work. If the employees do not get what they want‚ their job efficiency and productivity will decrease as they think they are not motivated to do the job. Tesco’s employees are very important for the business as there are
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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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Assael’s Matrix Assael distinguished four types of consumer buying behaviour based on the degree of buyer involvement and the degree of differences among brands. The four types are named in the following table and described in the following paragraphs. TABLE 20: Four types of buying behaviour: |Level of Significances Between |High Involvement |Low Involvement | |Brands
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