...Determine at least three different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Stakeholders are individuals who are involved in, have a vested interest in, or a “stake” in the success of an organization (Merriam-Webster, 2011), such as a hospital. Dr. DoRight is an influential decision maker as the President of the Universal Human Care Hospital and it is important for him to consider how his decisions and actions affect the stakeholders of the hospital. In the course of his daily activities Dr. Do Right will interact and impact many of the hospital’s internal and external stakeholders. Internal stakeholders are be committed to an organization’s success. Often internal stakeholders will participate in the strategic development of coordinating resources to fund and sustain an operation. Examples of internal stakeholders which Dr. DoRight might engage daily would be: Director of Public Health, Head of Health Intelligence and Information, Director of Nursing, Public Health Strategists, Vice President of Human Relations or Members of the Board of Trustees (Markwell, 2010). External stakeholders are not directly connected to the organization; however, they are vested in the hospital’s success as clients, business or community partners. These stakeholders have influence over organizational activities by contributing their views and experiences related to issues which are important to them. Medical providers or suppliers...
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...Part one 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 business, e.g. managers, employees and shareholders. In the Icelandic banks, the internal stakeholders are managers, staff and employees of the Icelandic bank, and there is no doubt that the owners are the most important stakeholders among all of them. The staff and employees get the paid from company directly and do service for them, that is why they are the internal stakeholders. The external stakeholders are such as suppliers, government, financiers which influence and are influenced by organization but are not its ‘internal part’ (business dictionary). The primary stakeholders are 300,000 British citizens and Icesave housing customers like David Pedrick and his wife, even though they just has a little interest in it，domestic creditors are also a part of external stakeholders. The secondary stakeholders are governments, the media, the pressure groups Liberty and the communities where organizations are nearby or located like Kaupthing Singer& Friendlander which is the subsidiary...
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...three (3) different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Answer: Dr. DoRight was morally concerned when he reported the issues regarding treatment of the patient’s health and medical errors, and because of the staff illegal activities, Dr. DoRight informed his Manager and the Executive Committee about the nurses and doctors unethical and illegal behavior. According to Investor Glossary, a stakeholder is any individual, group, or business with a stake in the success of the organization and are considered a stakeholder. They are typically concerned with the organization delivering intended results and meeting its financial objectives. In general, a stakeholder usually stands to gain or lose something depending on the decisions taken or the policies implemented. A stakeholder can be one of two types internal (from within the organization) or external (from outside the organization). Different internal and external stakeholders that Dr.DoRight might have to deal with on a daily basis include the hospital employees, doctors and nurses, board of trustees, creditors, managers’ and executives. All of these persons benefit from the day-to-day decisions and operations of the organization. At the Universal Human Care Hospital, the internal stakeholders whom Dr.DoRight has to deal with on a daily basis are administrators, patients, doctors, nurses, patients, and trustees. External stakeholders are “individuals...
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...business development, customer services, human resources, legal, patient advocacy, to name a few. He has managers in each department that he supervises and who work with him to address the needs of the various internal and external stakeholders of the hospital. Dr. DoRight discovers that some patients within the hospital have been dying as a result of a variety of illegal procedures by doctors and nurses, and negligent supervision and oversight on their part. This was brought to his attention in a few meetings and he told his Regional Director Compliance Manager and Executive Committee in January 2009. He was told by them that the matter would be investigated and they would report any findings to him as soon as possible. After two (2) years, there have been no results from the investigation and some patients are still passing away due to the negligent activities. He also answers to a board of trustees and interfaces with numerous community organizations and corporations who have various reasons for doing business with the hospital. Dr. DoRight continues to win awards for his leadership of the hospital and meeting business goals. He was recently named “Medical Business Executive of the Year” in 2011. Determine at least three (3) different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the...
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...a one page mind map. Part 2 - Tuesday 11 June 2013 (in your lesson), 2013 Term 2, Week 7 (PF- P4, MW-P3) Component: Inquiry & research, Communication of business information, ideas & issues in appropriate forms, Knowledge and understanding of course content Outcomes: P1 discusses the nature of the business, its role in society and its legal structure P2 explains internal and external influences on business P3 describes factors contributing to the success or failure of small to medium business enterprises P4 assesses the processes and interdependence of key business functions P6 analyses the responsibilities of business to internal and external stakeholders P7 plans and conducts investigations into contemporary business issues P8 evaluates information for actual business situations P9 communicates business information and issues in appropriate format Outcomes: P1 discusses the nature of the business, its role in society and its legal structure P2 explains internal and external influences on business P3 describes factors contributing to the success or failure of small to medium business enterprises P4 assesses the...
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...Business Analysis Part I- Microsoft Corporation Esther Calice MGT/521 September 17, 2012 Dr. Homer Jamashi, Facilitator Business Analysis Part I- Microsoft Corporation As a mutual fund manager, I have decided to do some research on the company named “Microsoft” in order to make a decision on whether I would make an investment on this particular company. My research will aim on Microsoft’s history, its current statistics of its employees, annual sales; the products it produce and etc., SWOT analysis, finding out what its Internal and External Stakeholders wants and needs are from the company and whether the wants and needs were met/fulfilled. History of Microsoft Microsoft was invented by a young man named Bill Gates who drops out of Harvard College and Paul Allen in April 04, 1975. Both Bill and Paul the first PC computer language program to MITS (Micro Instrumentation and Telemetry Systems) computer developed. The following year Paul Allen resigns from MITS to join Microsoft full time. The trade name "Microsoft" is registered with the Office of the Secretary of the State of New Mexico "to identify computer programs for use in automatic data processing systems; pre-programming processing systems; and data processing services including computer programming services." In 1977, Bill Gates became president and Paul Allen the Vice president of Microsoft Corporation. Microsoft moved its offices from Albuquerque, New Mexico to Bellevue, Washington in 1979.The trade name "Microsoft"...
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...objectives include identification of stakeholders, differentiation between types of audiences, and analysis of audience perception and needs. The discussion centers on comprehension of the learning objectives, challenges or struggles understanding the concepts, and applicability of topics to current career fields (University of Phoenix eCampus, 2013). Comfortable Topics Objectives of week identify stakeholders as two groups, external and internal. A Stakeholder Analysis helps the project team in many ways. The team identifies key individuals and work groups that are affected both positively or negatively, by the project. They also identify key individuals or entities that can have a major influence on the process improvement project. By discussing the project and its potential advantages, the team is able to understand the current position of these individuals with regard to the project (Stuart, Sarow, & Stuart, 2007). In this way, the team creates a strategy to persuade the stakeholders to act in ways that do not undermine the project, but that favor organizational change and successful project completion. External and Internal stakeholders sometimes share a common interest. Both may not always agree but the best interest of the organization is most likely the common goal. This objective gives insight as to how both groups work together and who they are. With stakeholders internal and external, the internal stakeholders’ information should disclose good...
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...patient advocacy, to name a few. He has managers in each department that he supervises and who work with him to address the needs of the various internal and external stakeholders of the hospital. Dr. DoRight discovers that some patients within the hospital have been dying as a result of a variety of illegal procedures by doctors and nurses, and negligent supervision and oversight on their part. This was brought to his attention in a few meetings and he told his Regional Director Compliance Manager and Executive Committee in January 2009. He was told by them that the matter would be investigated and they would report any findings to him as soon as possible. After two (2) years, there have been no results from the investigation and some patients are still passing away due to the negligent activities. He also answers to a board of trustees and interfaces with numerous community organizations and corporations who have various reasons for doing business with the hospital. Dr. DoRight continues to win awards for his leadership of the hospital and meeting business goals. He was recently named “Medical Business Executive of the Year” in 2011. Determine at least three (3) different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. A mixture of interests rests in the many stakeholders that Dr. DoRight...
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...game’s release for a long time and marketing materials for the release date have been already deployed. If Best Game Productions proceeds to release the game according to the schedule, the game will be of lower quality and a disappointment to customers from quality. If Best game Productions fixes the bug and delays the release, it will not only disappoint its customers from anticipated release, but it also risks that its customers use holiday sales and purchase competitors’ products. This business scenario involves multiple internal and external stakeholders and as Post pointed out, in order to address varied and dynamic concerns of different stakeholders and eventually find the best solution for Best Game Productions, it is important for a consultant to consider all important stakeholders’ perspectives. First, let’s identify who are internal stakeholders and who are external stakeholders that a consultant needs to take into account. The internal stakeholders are the executive suite including CEO of the firm, and employees in various departments. Employees of all levels at Best Game Productions are involved in the business on a daily basis. Some employees like CEO and CFO involve in all aspects of Best Game Productions on a high level, whereas some employees such as game developers are involved in a subset of the organization. They all have...
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...customer services, human resources, legal, patient advocacy, to name a few. He has managers in each department that he supervises and who work with him to address the needs of the various internal and external stakeholders of the hospital. Dr. Do Right discovers that some patients within the hospital have been dying as a result of a variety of illegal procedures by doctors and nurses, and negligent supervision and oversight on their part. This was brought to his attention in a few meetings and he told his Regional Director Compliance Manager and Executive Committee in January 2009. He was told by them that the matter would be investigated and they would report any findings to him as soon as possible. After two (2) years, there have been no results from the investigation and some patients are still passing away due to the negligent activities. He also answers to a board of trustees and interfaces with numerous community organizations and corporations who have various reasons for doing business with the hospital. Dr. Do Right continues to win awards for his leadership of the hospital and meeting business goals. He was recently named “Medical Business Executive of the Year” in 2011. Write a six to seven (6-7) page paper in which you: Determine at least three (3) different internal and external stakeholders that Dr. Do Right might have to deal with on a daily basis at the hospital. Compare and contrast potential conflicts of interest that...
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...finance a sa resource within a business Learning Outcomes L6: Decision Making Managing Financial Resources and Decision Making Understand stakeholders Understand information needs of internal decision makers Understand information needs of external decision makers Understand Mendelow's Matrix • • • • measuring performance, decision-making, planning and control • • • 4 recording transactions, Information is needed for: • • Information is data that has been processed in such a way as to be meaningful to the person who receives it • Information 3 Understand information • Session Objectives • • • Summarised at a high level Relevant to the long term Concerned with the whole organisation Often prepared on an 'ad hoc' basis Both quantitative and qualitative Uncertain, as the future cannot be accurately predicted • • • • • • To monitor how they are being and have been employed • 6 Examples include: productivity measurements (output per hour), budgetary control reports, variance analysis reports, cash flow forecasts To make decisions on how the resources of the business should be employed • Tactical information is after strategic decisions are implemented Types of Information 5 Derived from both internal and external sources • Strategic information is used to plan the objectives of the organisation, and to assess whether the objectives are being met in practice...
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...Project Roles & Communication Plans HRIS with ESS Project GenRays April Drake, Project Manager Contents Contents .......................................................................................................................................................................... 2 Part A: Organization Chart ............................................................................................................................................... 3 Part A1: Role Descriptions ........................................................................................................................................... 4 Project Manager ....................................................................................................................................................... 4 Advisory Board ........................................................................................................................................................ 4 Procurement & Vendor Manager .............................................................................................................................. 5 User Assistance Manager ......................................................................................................................................... 5 Business Analyst ...................................................................................................................................................... 6 Platform Technology Team – System Architect...
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...Best Game Productions Best Game Productions is one of the largest video game company’s in the United States specializing in servicing their customers in the latest video gaming technology. As of late, they have come face to face with a dilemma that will alter the video gaming landscape for quite some time. This dilemma is something I will touch on throughout the course of this paper along with explaining what potential problems are facing Best Game Productions, identify the organizations internal and external stakeholders, explain how the these problems affect the stakeholders, and also identify the needs, motivations, and perceptions of each stakeholder. Best Game Productions Business Scenario Best Game Productions is currently gearing up for the new release of a specific video game that they feel will not only keep them on top among their competitors in the video gaming industry, but also generate massive revenue due to the video games appeal. They have been advertising and building up this video games release for the past two years as the customer’s interests and intrigue has increased with each passing day. Due to be released just in time for the holiday shopping season, Best Game Productions even went as far as to have their customers play the game as a “trial play” for them to get a feel for the what the game is going to be like before they buy it. As everything seemed to be going great from an advertising perspective with anticipation building, it has come to...
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...good they have different fates.One of the difficulties faced by the new ventures is the liability of being new to the business. Potential stakeholders view firms in these industries with skepticism. An important way that new ventures can overcome the liability of newness and increase their gains from new products is by taking actions that provide them with legitimacy in the eyes of stakeholders. new ventures can gain legitimacy by creating associations with more established entities, either external or internal to the firm. Article Review: This article is written by Raghunath Singh Rao, Rajesh K. Chandy, & Jaideep C. Prabhu.In this study, the role of a variety of legitimizing actions have been highlighted and empirically tested. In order to legitimize the new ventures in the eyes of the stakeholders different actions can to undertaken.It has also been shown that these legitimizing actions may not always work together. Among internal means of gaining legitimacy, four types of actions has been proposed: historical, scientific, market, and locational. Actions associated with historical legitimacy convey to stakeholders information about the new ventures’ past business performance.It can be shown if the new ventures have successfully launched other products in the past.Actions associated with scientific legitimacy convey to stakeholders that the new ventures in question have the technological capabilities needed to operate in their...
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...fun and outgoing, like a small working family, this can sometimes cause problems for authority figures. Q3. The composition of the Open Systems Theory is all the functions and areas of the company that come together to make the end result. Pest Analysis Political New Employment Laws Government Policies Economic Domestic Growth Interest Rates Tax Rising Competition Swot Analysis Strengths Experience Dependability Quality Unique Q4. Stakeholders are groups of individuals who have an interest in a business. These groups are categorized in to either Internal or External stakeholders, sometimes they can be both internal and external. Internal stakeholders at Joy of Chocolate start with Suzy Campbell as the owner. The head of chocolate department Leon Houmond and also Chocolate production factory manager Hafiz Shah. Amina Zan who was appointed by the bank for financial support is also classed as an internal stakeholder. Employees are also classed as internal...
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