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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Introduction I am the event coordinator of a destination wedding. A destination wedding is defined as a wedding celebration in an exotic or resort location. This will be a three day trip to Paradise Island‚ Bahamas and will be planning from now until wedding day. The day of the wedding will be December 14‚ 2013. The couple chose Paradise Island‚ Bahamas because they both have heard how beautiful‚ and always wanted to vacation down there. The couple is original from Brooklyn New York but reside
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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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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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levels during the day‚ they are normal. The second option given to George as an ultimatum by his boss is to move the plant 15 miles south to Mexico to avoid EPA emissions restrictions and fines. Below is a Stakeholder Analysis of each of the two possible decisions. Stakeholder Analysis Stakeholders Schedule Heavy Work at Night Move Plant to Mexico Stockholders + -- Employee’s at Hondo Plant + --- Customers + - Community of Hondo - --- George (Decision Maker) - -- Environment of Hondo -- ++
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Name of stakeholder What the stakeholder wants from the business How they influence the business and if there influence is successful Rank of importance Why are they important Customers They want to company to keep their prices low and have a good customer relation with each customer‚ they also want good quality products to be sold at low prices They influence the business as the customers decide what they sell and if Tesco make money or not because the customers could easily decide to change
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