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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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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Analysis of Case 2-5 Office Depot Leads in Green Abstract The Hawkins and Mothersbaugh’s Office Depot case study outlines the three core areas and 10 key guiding principles for its environmental stewardship (2010‚ pp. 269-270). This paper will summarize Office Depot’s accomplishments to date and determine whether or not consumers are generally aware of these accomplishments. I will also consider whether or not the audit in 2004 performed by PricewaterhouseCooper had an effect on my evaluation
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Thesis Poor stakeholder management led to preventable mishaps such as the disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company
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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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AL & Eskerod. P 2008‚ ‘Stakeholder analysis in projects: Challenges in using current guidelines in the real world’‚ International Journal of Project Management‚ vol.27. no.4‚ pp.335-343‚ viewed 08 May 2014‚ Elsevier SD Freedom Collection. B. Introduction: Stakeholder management is a part of quality strategy in any project. It is a challenge for any project manager to successfully manage the stakeholder. In that process first comes the analysis of the stakeholders. The article puts the current
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Summary of the Garden Depot Case Overview The Garden Depot originated in 1985 as a small floral company. It began doing larger business since then‚ and became a successful floral company. Janice Bowman was hired by The Depot in 2005‚ and contributed to computer inventory system and a material ordering system. As he found‚ The Depot still had some potential management issues. Eighty percent of its employees were part-time students who only worked in spring and summer. Furthermore‚ no formal performance
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ICD as the concept: 1 In recent times‚ global trade‚ in line with it the Indian foreign trade has grown phenomenally both in terms of volume and complexities. Infrastructure needs and innovative methods in logistics management are growing hand in hand with the International trade needs. Ports these days mainly act as gateways and cater to the hinterlands of India which are now serviced by the advent of ICDs. ICDs thus generate business opportunities
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