A corporate stakeholder is that which can affect or be affected by the actions of the business as a whole. Examples of a company’s stakeholders Stakeholders | | Government | Taxation‚ VAT‚ legislation‚ low unemployment‚ truthful reporting. | Employees | Rates of pay‚ job security‚ compensation‚ respect‚ truthful communication. | Customers | Value‚ quality‚ customer care‚ ethical products. | Suppliers | Providers of products and services used in the end product for the customer‚ equitable
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2—Social Responsibility MULTIPLE CHOICE 1. Stakeholders’ power over businesses stems from their a. ability to withdraw or withhold resources. b. ability to generate profits. c. media impact. d. political influence. e. stock ownership. ANS: A PTS: 1 2. Those who have a claim in some aspect of a firm’s products‚ operations‚ markets‚ industry‚ and outcomes are known as a. shareholders. b. stockholders. c. stakeholders. d. claimholders. e. special-interest groups.
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P2 describe the different stakeholders who influence the purpose of two contrasting businesses In this task I am going to be writing a business report regarding Carlsberg and Capital Foods showing the different types of stakeholders‚ which include within the two organisations. It will show how the stakeholders influence within the two businesses‚ and how they set their own objectives towards the companies. CARLSBERG Customers Customers are the people who buy the products and sell them‚ or use
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“Please Accept BTS” The following essay focuses on how a new business idea called Behind the Scenes (“BTS”) can be systematically molded in order to minimize acceptance resistance from key stakeholders. The paper is inspired on the reading “Why Consumers Don’t Buy: The Psychology of New Product Adoption” (Courville‚ 2004). BTS consists of an application for smartphones which enables clients watching a film or TV program to identify products placed within the scenes‚ select the product from the
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Business ethics assignment 2 1. a) A stakeholder of a corporation is an individual or a group which either: is harmed by‚ or benefits from‚ corporation; or whose rights can be violated‚ or have to be respected‚ by the corporation. According to this statement the four main stakeholder groups in the video related to Wal-Mart are: 1. Competitors - Competitors are influenced negatively‚ by Wal-Mart’s operations. Many small retailers are forced to close down their business‚ even though there
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appropriate ways to express the strategic purpose * Identify the components of the governance chain of an organisation * Understand differences in governance structures * Identify differences in the corporate responsibility * Undertake Stakeholder analysis 4.2 Organisational purpose: values‚ mission‚ vision and objectives * Statements of mission‚ vision and value Harvard University’s Cynthia Montgomery argues that the purpose of the organization is an important thing to understand
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social and environmental reports provide useful information to stakeholders. During the period of recent twenty years‚ majority of the companies are increasingly publishing Social and Environmental Report (SER) to represent their concerns among society and environment (Deegan and Unerman‚ 2011). SER is a concept adopted by corporations to integrate social and environmental aspects in the business and to interact with the stakeholders on a voluntary basis (Soloman and Lewis‚ 2002). From the definition
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regain the trust of its stakeholders and rebuild its corporate image. Through case study research the situation at SNS Reaal is described‚ and its most important stakeholders are introduced. After that‚ the ideal reputational circumstances with regard to mission‚ vision and values supported by Cornelissen (2011) and other literature is presented. Then‚ a strategy that attempts to achieve the desired results is provided‚ discussing desired communication towards various stakeholders‚ communication channels
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Theory Z: The In-Between and Grey Area Name Here Indiana University – Purdue University Fort Wayne 3/24/2013 Abstract The purpose of this paper is to discuss the popular Theory X and Theory Y made famous by Douglas McGregor in the 1960’s which offers a very “hard” and “soft” view of leadership and addresses the grey area that is not addressed in his theory. We will take a look at the theory that is relatively new and in many respects attempts to blend the best of both of McGregor’s theories
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The boards of directors are responsible for the governance of their companies so there has to be transparency in company reporting. Transparency is key aspect of corporate governance because of implementing corporate governance this will allow stakeholders and shareholders to review and evaluate performance of management and the company this ensures that the board of directors and the executive directors of corporations act in the best interest of shareholders and the corporations. It is implemented
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