Part A Section (i) The articles chosen for this essay paper were “Corporate Environmental Reporting: A test of legitimacy theory” by Trevor D. Wilmshurst and Geoffrey R. Frost and “The Stakeholder Theory: Concepts‚ Evidence and Implications” by Thomas Donaldson and Preston Lee. There were several factors that contributed to my choosing these particular articles for my study. First and foremost‚ these articles were both peer reviewed and the journals they were sourced from‚ namely the
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The importance of accounting to the stakeholders of an organisation Accounting must be understood as a complete‚ consistent‚ logical system for collecting and processing data on the assets of the company and its activities‚ as well as the presentation of economic and financial information. The primary objective of accounting is the development and provision of information about assets components and conducted by the company business. This information is used primarily by: * Board business
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M1. Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. A stakeholder is anyone who is interested in the success of an organisation‚ and often the stakeholders have a large influence on the business’s aims and objectives. In this assignment I will be explaining why stakeholders would be interested in a company’s aims and objectives and why each stakeholder would be interested in my two chosen organisations joining together
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Role of HR function in Knowledge Management at Unilever Knowledge management is getting the right knowledge to the right people at the right time to maximize an entreprise’s knowledge related effectiveness. Knowledge management focuses on doing the right things instead of doing the things right. In this view all the business processes involve creation‚ dissemination‚ renewal and application of knowledge towards the organizational survival. Effective knowledge management enhances products‚ speeds
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Like Oxfam‚ ASOS claims to have four main stakeholders. The first of which is their suppliers. A supplier looks for long term contracts and prompt payment. If the suppliers are unhappy with their contracts then this may lead the quality and product availability to decrease. The suppliers will influence ASOS to make prompt payments in order to keep their contract. The second main stakeholder for ASOS would be their customers. The customers look for good quality products at a good value. In addition
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Major Stakeholder Analysis Organizational Leaders Jay Alvather‚ President of TEKsystems‚ joined the staffing industry in 1995 and has held a number of leadership positions across the parent company Allegis Group. Previously‚ Alvather served as Chief Operations Officer (COO) at Allegis Group as well as Chief Financial Officer (CFO) and VP of Organizational Development for TEKsystems. Additionally‚ Alvather’s current focus is on ensuring that TEKsystems continues to provide superior IT talent and services
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Johnson to treat a serious illness or condition. In their credo they recognize four stakeholder groups that are crucial to their business: users of their products‚ employees‚ communities‚ including where they work and live and also the world community‚ and stockholders. Each group has its own importance to the company and the order in which they appear in the credo indicate their order of importance. As a primary stakeholder‚ the first group‚ users of their products‚ is considered the most important by
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Unilever is a complex global organization that has a portfolio of 400 brands‚ spanning 14 categories in home and personal care and food products. The company has 163‚000 employees in the 170 countries within which it operates (Unilever‚ 2010). Organizations such as Unilever face the challenge of configuring a global structure that “works well in diverse locations but also brings units together in a coordinated fashion” (Shenkar & Luo‚ 2007‚ p. 312). Given its wide range of products and the diversity
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Unilever and P&G – Comparative Analysis Executive Summary The Consumer Products Industry is the biggest industry in the world at the moment‚ with total revenues amounting to about 50% of all goods sold. It is comparable to the GDP of the 4th biggest economy in the world‚ and entails most of the products we use in our every day lives. There are 3 key factors that drive the industry today: developing markets‚ the emerging middle-class of developing countries and the millions of baby boomers in
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Unilever has experienced quite a rollercoaster of marketing success and failure over the last 5 years. Originally its new 5-year strategic plan entitled Path to Growth’ had special promise and forecast for success. The primary objective of this plan was to cull Unilever’s tail’ brands and place extra emphasis on those which were market leaders. Niail Fitzgerald believes that too many brands often confuse the customer and thus lead to poor purchasing decisions. The paradox of choice between Unilevers’
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