www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
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STAKEHOLDER THEORY: A LIBERTARIAN DEFENSE R. Edward Freeman and Robert A. Phillips Abstract: The purpose of this paper is to suggest that at least one strain of what has come to be called "stakeholder theory" has roots that are deeply libertarian We begin by explicating both "stakeholder theory" and "libertarian arguments " We show how there are libertarian arguments for both instrumental and normative stakeholder theory‚ and we construct a version of capitalism‚ called "stakeholder capitalism
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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important when determining if their strategic goals and desired outcomes are being or will be achieved. This paper will continue to examine Whole Foods through the Nadler-Tushman Congruence Model; zeroing in on performance as it relates to organization goals and outcomes based on the congruency of it outputs across the models three levels. Whole Foods continues with the Nadler-Tushman Congruence Model this time examining organizational outputs. In addition‚ the following will discuss the way
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Case Study #1 1. What are the chief elements of the strategy that Whole Foods Market is pursuing? In 1997 John Mackey the “Cowboy of doing things” developed the slogan “Whole Foods‚ Whole People‚ Whole planet”. This slogan is a symbol used to explain the purpose and future of the Whole Foods Market. This slogan made for seven core values that resonates throughout the company. These values go above making money and making a world a better place‚ but also include long term education and empowerment
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"not-so-secret" sauce of Whole Foods™ The last book of co-CEO Whole Foods Market™ (WFM)‚ John Mackey questions what the main purpose of corporations is. The great financial results of WFM™ in 2012 generated + 1 Billion in EBITDA‚ 25 new stores opened and a strong position as the America’s healthiest grocery store indicates the strategy and philosophy of Mr. Mackey ’ s view of corporations in society is contributing to the organizational success of the 30-years old company.1 (Whole Foods‚ 2012) A Better
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A stakeholder is any individual or group who can affect or is affected by the actions‚ decisions‚ policies‚ practices‚ or goals of the organisation (Freeman 1984‚ 25). They have the interests in the activities of an organization and can be divided into internal and external stakeholders. In addition‚ there are different levels of stakeholders: primary and secondary. The level of stakeholders depends on the political‚ economic and social environment. Internal stakeholders are those from within the
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P2 describe the different stakeholders who influence the purpose of two contrasting businesses In this task I am going to be writing a business report regarding Carlsberg and Capital Foods showing the different types of stakeholders‚ which include within the two organisations. It will show how the stakeholders influence within the two businesses‚ and how they set their own objectives towards the companies. CARLSBERG Customers Customers are the people who buy the products and sell them‚ or use
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Making at Whole Foods Market Case 1 Wayne Davis Question 1: How would you describe the merchandising and operational decisions made by Whole Foods Market in terms of the rational‚ bounded rationality‚ and garbage can models of decision making? According to Nelson & Quick (2006)‚ “The success of any organization depends on managers’ abilities to make effective. An effective decision is timely‚ is acceptable to the individuals affected by it‚ and meets the desired objective”. Whole Foods Market
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Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
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