‘internal’ and ‘external’ stakeholders. Internal stakeholders of a business are members of an organisation. They consist of the employees‚ shareholders (who own the business)‚ managers and directors of the organisation. External stakeholders do not form part of the business (such as customers‚ suppliers and the government)‚ but have a direct interest or involvement in the actions of the business. 2. What is the difference between ‘stakeholders’ and ‘shareholders’? A stakeholder refers to any person
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Discussion Topic Conflict of Interest HCM 331 Mount Olive College Jackie Hardy Introduction Conflict of interest is a situation that has the potential to undermine the independence of a person because of the possibility of a clash between the person ’s self-interest and professional interest or public interest (Business Dictionary‚ 2012). A conflict of interest can arise when someone have dual interests or duties. Healthcare is a very common issue for conflict of interest issues. In this report
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DECLARATION OF PECUNIARY INTEREST RE: COMMITTEE MEMBERS What is a Pecuniary Interest? A pecuniary interest is the opportunity‚ directly or indirectly‚ to profit or share in any profit derived from a transaction. According to Tazmania’s information Sheet 2008‚ you have a pecuniary interest when‚ if a matter before council‚ or any other committee‚ is decided in a particular way you will gain‚ lose or save money‚ gain a financial advantage‚ or suffer a financial disadvantage; could be expected
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An Ethical Dilemma? These Friday nights out ‚drinking with your friends had become an institution since you started working with PharmChemCo(PCC)‚ one of the biggest pharmaceutical and chemical companies in the world five years ago. And‚ it had been five great years. Not only had it brought you career success and a very healthy bank balance‚ but it had also made you a successful player in the stock market. Since you were promoted to regional marketing director for the North East‚ PCC had started
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226- 228 - Drug Dilemmas. (Of course‚ you must read Chapter 5 prior to reading the case :) Chapter 5 is very interesting in many respects. We need to consider whether corporations have social responsibilities and whether they have moral responsibilities in addition to making profits. You can see it’s a difficult balance to attain. Go to pages 202-203 to read about "Corporate Moral Agency" and the 2010 Supreme Court ruling giving corporations First Amendment rights. As you know‚ the First Amendment
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ILLUSTRATION BY AJAY MOHANTY Prisoner’s Dilemma Two men attempting a burglary with a weapon‚ A and B‚ are caught‚ with insufficient incriminating evidence for the burglary. They are questioned separately and not allowed to communicate. If both deny the burglary‚ they escape a 10-year sentence and will be imprisoned for two years for possession of a weapon. A is told separately that if B pleads guilty and A does not‚ B will get a reduced sentence of four years‚ while A will get 10. So A has an
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YOU’RE NEVER TOO OLD TO HAVE A DREAM! You are never too old to dream a new dream. Isn’t that a beautiful statement? Indeed‚ the thought of growing older is never appealing. Not only do we feel bad over the physical changes that take place‚ but with every passing year we look back and wonder what could have been. What could we have achieved if only we started getting serious about life when we were younger? What great things could we have done if only we had a good “start”? How sad it must
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Quintin Walters Ethical Dilemma Paper 10/21/12 Ethical Dilemmas are very common in the workplace. Ethical Dilemmas can be seen as a controversial thing for the person who is right in the middle of it. I have two ethical dilemmas for situations in a profession. One situation is when a nurse has personal information about one of her friend’s daughter. The other situation is about an employee during his spare time at work created a new spreadsheet program. There are consequences dealing
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Considerations of Stakeholder Analysis L. Harris Stakeholder analysis is the identification of who has interest in an organization‚ an assessment of those interests‚ and an analysis of the ways in which those interests affect organizational viability. It is the systematic identification of key stakeholders and appraisal of their influence and posture towards bringing about of a particular future. An analysis helps identify the goals and roles of different interest groups‚ and formulate appropriate
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First Element: Stakeholder Categories Identifying all stakeholders is the midlevel leader’s first mission. Stakeholders include everyone who will need to contribute to the project or who could be affected by the project. This requires looking across all directions of the internal organization‚ as well as outside (customers‚ clients‚ vendors‚ contractors‚ media‚ etc.) Those stakeholders are then categorized into four distinct groups: Superordinate‚ Subordinate‚ Customers‚ and Complementors/Blockers
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