communities better by communicating with his customers to know what to add in production so that to answer the need of his customers. Without communication in organization it is difficult to answer the need of his customers‚ to fight against other competitors as well as to create and maintain good relationship between n internal and external stockholders. Therefore the researcher focused to find out the importance of effective communication in an organization so that to achieve the organization
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The stakeholders are individuals or groups of people who affects or be affected by the business organization. The external stakeholders and the internal stakeholders have the effect on the business. The external stakeholders affect the business indirectly in which Amazing One’s stakeholders includes the the customers‚ suppliers‚ government and shareholders. The internal stakeholder affects the business directly in which Amazing One’s stakeholders includes the employees‚ owners and managers. Objectives
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The needs of various stakeholders As we already discuss about the important of the stakeholders. A stakeholder does not exist but makes demand of the organization. The reason why stakeholders are important in strategic analysis is because of they want something from the organization. The demand of different stakeholders may become conflict to each other. For example shareholders of Tesco want maximum returns from the organization whereas the management team may retain profits for long term investment
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Part 2 Stakeholders Primark stakeholders Primark stakeholders are the people who are or have an interest in the company‚ meaning the costumers‚ their employees‚ the employees associations ‚local and national communities ‚the manufacturers‚ government and the parent company ABF. Employees-within the company will need to notice a change in the working process and the employee get treat equal inside the company and the working environment . Also most employees would concerned about their future
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Internal Stakeholders Owners of Toyota: -‐ These were the founders of the company who made the major decisions of investing in the automobile industry (i.e. Kiichiro and Risaburo) and significantly influenced Toyota to be the company that it is today. -‐ When the manufacturing law was
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A person may not use a form of communication not based on formal language system because: They are deaf and may have to use hearing aids. When communicating a Professional should then make their body in a position that is important. A professional should make sure they are facing the person and they can see their mouth. A person should speak clearly‚ slowly and distinctly –a Professional should not shout as this might distort communication and make it harder to lip read A professional
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/1755-4179.htm Shareholder and stakeholder theory: after the financial crisis Terence Tse ESCP Europe‚ London‚ UK Abstract Purpose – The recent financial crisis has restarted the debate of the value of both shareholder and stakeholder theories. This paper aims to continue this discussion. Design/methodology/approach – The paper reviews existing literature and examines the benefits and problems associated
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1. What qualities should an effective leader possess? “I suppose leadership at one time meant muscles; but today it means getting along with people.” The pre-eminent spiritual leader of India‚ Mohandas K. Gandhi‚ tells us what leadership really is – being a people person. Leaders are not those who achieve success by underhand methods‚ but they are the ones that understand his followers before undertaking the difficult job of leadership. Certain qualities are necessary to help effective leaders understand
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Structure of the new local government system The new local government system is made up of a regional coordinating council (RCC) and a four-tier metropolitan and three-tier municipal/DAs structure. Composition of structure The RCC consists of the regional minister as chairman and his deputies‚ the presiding member of each DA and the district chief executive of each district in the region‚ two chiefs from the regional house of chiefs and the decentralized ministries without voting rights. A DA
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Stakeholders vs. Shareholders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. 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. Shareholder is someone who owns shares of stock in a corporation or mutual fund. For corporations‚ along with the ownership comes a right
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