Part I. Use the stakeholder model of business environments to critically examine the external environment of Asda Wal-Mart as outlined in the case study that follows. Each organisation has a unique external and internal environment that has unique impacts on the organisation. A stakeholder’s analysis categorises that environment determining whether an organisation or a person has any low or high interest and power over the business. Based on The Asda Wal-Mart case study‚ stakeholders are consecutive:
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Introduction P6: This report describes the influence of political‚ legal and social factors on the activities of Coca-Cola Enterprises Ltd and Croydon Health Services NHS. The report also identifies how the aforementioned factors may affect its stakeholders. All businesses will be affected by factors in its environment. The following are the 3 main factors affecting businesses; 1. Social Factors Social factors refer to the changes in the lifestyle‚ behavior‚ attitudes and tastes of different
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(P2) In a business report: Task 2: Describe the different stakeholders who influence the purpose of two business organisations you have selected. NHS Stakeholder: Stakeholder is a person‚ group or organisation that has interest or concern in an organisation. Stakeholders can affect or be affected by the organisation’s actions‚ objectives and policies. Some examples of key stakeholders are creditors‚ directors‚ employees‚ government‚ owners (shareholders)‚ suppliers‚ unions‚ and the community
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In normal times‚ examining the changing nature and purpose of business firms would be a very challenging assignment‚ but we are not living in normal times. As well as all the usual topics globalisation‚ sustainability‚ ethics and stakeholders‚ there is a need to assess the impact of the recent global recession on the nature and purpose of business firms. As business has moved from bartering rabbit skins for sacks of potatoes‚ to electronic trading of mortgage back securities‚ the purpose of business
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hospital‚ Rehab hospital as well as an Elderly hospital In your capacity as a Financial Controller you are requested to explain what mechanisms would you adopt to: (a) Ensure regular monitoring of the business (b) alert respective internal stakeholders particularly when an adverse variance seems probable Articulate also which information would you make use of to achieve (A) and (b) above and what reporting structures would you deem appropriate to achieve your objectives. Allocating
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companies are directed and controlled‚ which involves a set of relationship between a company’s management‚ its board‚ its shareholders and other stakeholders‚ and the objectives for which the corporation is governed. There are mainly three important theories included in corporate governance‚ which are agency theory‚ transaction cost theory and stakeholder theory‚ each theory views corporate governance from different perspectives. These three theories play significant roles in understanding the corporate
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Evaluating Strategies Blank Page A. INTRODUCTION TO SESSION Within all organisations there will come times where a proposed course of action‚ or more likely a number of courses‚ need to be evaluated. In Session 1‚ discussion about the nature of strategic management suggested that a strictly sequential model of analysis-choice-implementation stood at one end of a spectrum of descriptions of the strategy process‚ with most organisations following a more incremental model of strategy development
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Stakeholders Customers: want a company to create high quality‚ value-for-money products and often identify what they want with the brands they buy. Customers like to see improvements that give them better value for money. Customers Employees: An employee’s stake is that the company provides them with their livelihood. They will also look for working in a company they could take pride in‚ employees are stakeholders because they depend on easyjet and Oxfam for jobs so if either of the two
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competitors and drive long-term loyalty and customer value” (easyJet‚ 2014). By following this mission statement‚ easyJet has created a strong brand name for their company. Also‚ by making it easy to buy low fare tickets through their website‚ which has over one million visits everyday‚ and through mobile device applications‚ they have attracted people to the well-known easyJet brand and service offering. Apart from having a well-known brand name‚ easyJet understands that besides focusing solely on price
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....................................................................................16“If you don’t have a competitive advantage‚ don’t compete.” | Jack Welch | 1. INTRODUCTION A success history of the Europe’s second largest budget airline EasyJet began in 1995‚ when a young entrepreneur Stelios Haji-Ioannou leased two Boeing 737-200 aircrafts to initiate first routes from
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