A stakeholder is someone who has an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of a business. Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit. Customers Customers are arguably the most important stakeholder. This is because they are the main source
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Discuss the nature-nurture debate in relation to the development of the individual (M1) & Evaluate how nature and nurture may affect the physical‚ intellectual‚ emotional and social development of two stages of the development of the individual (D1). Nature can be loosely defined as genetic inheritance or the genetic makeup (the information encoded in your genes) which a person inherits from both parents at the time of conception and carries throughout life. Several things in an individual genetically
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history of the organization. 2. Provide a clear‚ concise statement of the problem(s)/issues(s). 3. Identify primary and secondary internal and external stakeholders affected‚ describe their stakes in the issue‚ analyze the situation for effect on these stakeholders‚ and describe the issues and impact from the stakeholders’ views. 4. Summarize the primary and secondary ethical issues(s) involved. 5. Describe the organization’s strategy in dealing with this issue(s)‚ critique
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Stakeholders may perceive different harms and cannot be managed in isolation Risk identification will require presentation and justification to different stakeholders Identify stakeholders‚ risks‚ and develop a risk response All should hold the same ideas of potential risks within the organization Keeps the organization disciplined and proactive Reaches out to the stakeholders and influences them Be creative and energetic when
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Stakeholder analysis Stakeholders are defined in many ways. Traditionally in UNICEF guidance‚ stakeholders are defined as "people or groups that have an interest in a program or activity and/or are likely to be affected by it." Stakeholder analysis as a strategic tool often casts wider‚ including all the actors who can influence or be influenced by the achievement of a given goal or undertaking. These include the winners (those who have something to gain by achieving a goal) and the losers (those
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INTERNATIONAL JOURNAL OF BUSINESS STUDIES VOL 15‚ NO1‚ JUNE 2007: pages 1 of 13 A STAKEHOLDER VIEW OF STRATEGIC MANAGEMENT IN CHINESE FIRMS Dr Xueli Huang1 Dr Scott Gardner2 Despite the fact that China has emerged as a driving force of the world economy over the last decade‚ little research has been undertaken into how Chinese firms strategically manage their businesses. This paper develops a theoretical framework of strategic management in the Chinese firms through reviewing and synthesising
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FINANCIAL ANALYSIS OF APPLE COMPANY BY AUTHOR: COURSE: TUTOR: INSTITUTION: DATE Introduction to Apple Company Apple Inc. is a California corporation. The company was established back in 1977. The main objective of the company is manufacturing and marketing of personal computers‚ media and mobile communication devices‚ portable digital media players‚ variety of related software‚ provision of network solutions and marketing of third party applications and content. The company also deals with the
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Working Paper: MICORE/SDC/002 Issues in Health Communication in India: A Stakeholders Perspective Dr. Satyajeet Nanda1 Ms. Aparimita Pramanik2 Ms. Aarzoo Daswani3 August 2008 Dept. of Social and Development Communication MICORE (Mudra Inst. of Communications Research) 3rd Floor‚ Rangkrupa Complex‚ Near Parimal Garden Ahmedabad-6‚ India; Email: s.nanda@micore.res.in 1 2 Associate Professor and Head of Dept. Research Associate 3 Research Assistant Acknowledgement The authors
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The Importance of Responding to Change in the Business World – D1 Assignment Clarks is a British business which sells shoes. Over time they have had to respond to changes in the business world in order to keep their stores open and to still make a profit. They have done this in a number of ways. Firstly‚ in 1863 the business had to modernise and they did this by introducing a sewing machine instead of hand stitching all the shoes. This meant that the shoes could be made much quicker‚ which helped
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Jaguar Land Rover has five engaging stakeholders that are required to make sure that their strategy addresses important issues. Apart from this‚ these stakeholders should also be able to help them in understanding their impacts of sustainability along with a way forward to tackle these impacts. The five key stakeholders of Jaguar Land Rover are customers‚ NGOs‚ policy makers‚ industry organizations and education & communication. Customers Customers express their views related to products by providing
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