Various stakeholders have the right to influence the decisions that the company makes since they directly command respect from these companies. Due to the influence exerted by shareholders‚ business policies must be formulated to fit the needs of most if not all stakeholders so as to have successful businesses. Stakeholders are all individuals and organizations that are related to the company in one way or another. The term stake is usually taken to mean a portion or share in the business. Examples
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Change Management The initial attitude towards resistance is one of negativity. It is usually viewed as a burden to management when related to change in that particular environment due to the possible conflict it may cause‚ and the perhaps negative change that it may result in‚ therefore portraying them as a bad manager. The immediate harmony of a company in the short term is always the easier choice for management‚ avoiding resistance‚ which is the function of a variety of social factors including
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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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ZIPCAR Case 1. Who are Zipcar’s primary stakeholders‚ and what are their particular interests? Zipcar’s primary stakeholders include their internal claimants‚ which are the executives and employees such as Scott Grffith; chairman and CEO‚ Steve Case; board of director‚ Ed Goldfinger; CFO‚ and Mark Norman; President and COO. Their particular interests are to drive Zipcar forward giving it strategic growth. They also aim maintain the business model and operations while maintaining focus on customer
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sustainability is important for a business’s future. How to go about changing business practices and how to communicate this to staff‚ suppliers and other stakeholder. Table of Contents 1.0 Introduction 4 2.0 Running a sustainable events business 4 2.1 Existing research into sustainable events 4 2.2 The importance of policies and stakeholders 4 2.3 Benefits of sustainable practices 5 2.4 Alternative hedonism 5 2.5 Venues: saving energy 6 2.6 Transport: reducing carbon emissions 6
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