...Monsanto Company not ethically culture to the stakeholders. Before the year 2000 Monsanto was untrusted to the stakeholder because of their chemical products. In 1970s, Monsanto produced Agent Orange which harmed many people in the rustles. Because of that reputation and safety concern Monsanto lost more than $1.7 billion and down to $8 a share from the stakeholder. However, after 2003 the new CEO changed the company from chemical product to food product called genetically modified food (GM). Although they turn to food production, Monsanto isn’t far from doing unethical business to consumers by serving the GM food. “Of great concern to many stakeholder are the moral and safety implication of GM food. Many skeptics see biotech crops as unnatural,...
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...explaining to the employees on what to do, when implementing a new project. New initiative may be outlined but not communicated throughout the organization as to how the new project works. Expectations and opinions are not shared openly, thoroughly, and effectively so this could cause problems for the organization (Johnson, 2002). What I would do To keep the CPOE implementation from failing I would come up with a way to communicate for instance I would set up monthly, weekly or daily meetings, set up a way so that employees will receive e-mails about the new CPOE implementation, use e-mail to set up classes, have a power point presentation prepared for a meeting, could use verbal language, written language, and send out memos to all employees who are going to be directly working with this new implementation so they would have an understanding of the how the system works. Lack of Leadership Lack of Leadership in an organization is cause of failure, without leadership there is no one to train the employees on how this new CPOE system is going to work or run. Employees do not know how to use the system then they could have bigger problems to deal with. Without leadership this may result in lack of buy in, poor follow through, inadequate check, goal settings will fail, there will be no strategy plans, and inefficient rewards for the organization or the employees. What I would do In order to have proper training I would have two or more employees as well as...
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...P2 Describe the different stakeholders who influence the purpose of two contrasting organisations. Introduction In this section I will be describing different type of stakeholders internal and external. Also explaining who they are and what they are, then contrasting them with two different companies NHS and Ford Motor describing what the stakeholders want from the chosen businesses and why the stockholders are useful. Stakeholder is a person who is in an organisation and is affected by the organisation in terms of strategy and project. Stakeholders can be internal or external at different levels e.g. Internal stakeholders are groups within a business such as owners and workers and external stakeholders are groups the outside a business such as suppliers and community. List of internal and external stakeholders and explanation of what they are and who they are: Customers: Customers want valuable and high quality products at an acceptable and average price. Employees: Their stake is that the company provides them good rates of reward and promotional opportunities. They also want a very good security of employments. Also they are concerned about their salary. Suppliers: Suppliers want to feel valued by the business and get regular orders and also get paid quick and on time. Owners: Owners mostly spend a lot of time and money on a business. Therefore shareholders or the owners like to see that their business is at a high rate of profit and increasing the...
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...P2 - Describe the different stakeholders who influence the purpose of two contrasting businesses. Introduction: In this task I will be going to describe how different stakeholders influence the purpose of Apple and McDonald. What is a stakeholder? A stakeholder is anyone who has a keen interest in that business. Who are the stakeholder in both businesses? The stakeholders in both businesses can be internal or external and this applies to Apple and McDonalds. External stakeholders are groups or individual who are not a part of the business External: * Suppliers * Customers * Shareholders * Society * Govt. Internal: * Employees * Manager * Owners of the company Different stakeholders and their influence on the purpose of the two organisation Employees – the employees of Apple and McDonalds wants to secure their employment in that business, they want to progress throughout their work by getting promotions on higher job role such as manager and they want to get paid in decent wages. Shareholders – Shareholders and owners of Apple and McDonalds are those groups or individuals who have a keen interest in that business so they invest into those company and become shareholders. Customers –the customers of Apple and McDonalds wants these companies to provide them with high quality products. They buy products from these companies because they have an interest in them. Customer Suppliers – Suppliers of Apple and Tesco want regular orders...
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...Stakeholders P2 describe the different stakeholders who influence the purpose of two contrasting organisations. ] Big business Nike Stake holders are person, group or organization that has interest or concern in an organization. Stakeholders can effect or be affected by the organization’s actions, objectives and policies, some examples of key stakeholders are creditors, directors, employees, government ( and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Types of stakeholders: • Owners • Managers • Employees • Customers • Government • Community • Suppliers Owner is an individual who owns a business entity in an attempt to profit from the successful operations of the company and they have to be the one who’s making the decisions in Nike stores. Manager; a manager is an individual who is in charge of a certain subset of the company. A manager often has a staff of people who report to him or her. A manager sets objectives, organises, motivates, communicates and develops staffs. An example of a senior manager in Nike is a director who ensures the business is running in place with no error this is done by having meetings with the head and staff. Customers are individuals or organization that a marketer believes will benefit from the goods and services offered by the marketer’s organisation .Customers want low-priced, good products. Modern customers also have high expectations of organizations...
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...Cross-Cutting Tool Stakeholder Analysis October 2005 Resources for Implementing the WWF Standards Contents What Is Stakeholder Analysis?............................................................................................ 1 Why Stakeholder Analysis Is Important ............................................................................. 1 When to Use Stakeholder Analysis ..................................................................................... 1 How to Develop and Use Stakeholder Analysis................................................................. 2 1. Identifying the key stakeholders and their interests (positive or negative) in the project ..........2 2. Assessing the influence and importance of each stakeholder as well as the potential impact of the project upon each stakeholder .................................................................................................4 3. Identifying how best to engage stakeholders ...........................................................................4 General Lessons............................................................................................................................5 References............................................................................................................................. 6 This document is intended as a resource to support the implementation of the WWF Standards of Conservation Project and Programme Management. Stakeholder analysis is an important...
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...Cross-Cutting Tool Stakeholder Analysis October 2005 Resources for Implementing the WWF Standards Contents What Is Stakeholder Analysis?............................................................................................ 1 Why Stakeholder Analysis Is Important ............................................................................. 1 When to Use Stakeholder Analysis ..................................................................................... 1 How to Develop and Use Stakeholder Analysis................................................................. 2 1. Identifying the key stakeholders and their interests (positive or negative) in the project ..........2 2. Assessing the influence and importance of each stakeholder as well as the potential impact of the project upon each stakeholder .................................................................................................4 3. Identifying how best to engage stakeholders ...........................................................................4 General Lessons............................................................................................................................5 References............................................................................................................................. 6 This document is intended as a resource to support the implementation of the WWF Standards of Conservation Project and Programme Management. Stakeholder analysis is an important...
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...literature surrounding stakeholder theory to enable a perceptive of the connection between hospitality industry & its stakeholders. After introducing the stakeholder, a detailed & diverse.definition of the hospitality industry & tourism will be discussed. Following this, why it is necessary for firms to manage its stakeholders will be discussed. After that we will discuss the stakeholder relationship management & the stakeholder theories & how these theories are applied in the hospitality industry. After discussing about the identification of the key stakeholders, we will proceed towards our conclusion. INTRODUCTION According to Mitchell, Agle, & Wood, primary stakeholders are those stakeholders who invest some kind of capital or anything of value in a firm or an organization & are those who sand any type of risk as an effect to their investment. These are those stakeholders who if don’t contribute their input, it will be very difficult for the firm to survive. Primary stakeholders consist of customers, employees, the natural environment, community residents, capital suppliers (shareholders) & other resource suppliers. Basically the groups of primary stakeholders consist of the employees of the firm, the shareholders of the firm, the investors of the firm, the customers & the suppliers of the firm. These all are what is defined as public stakeholder groups. These groups are those who are the regulating bodies & also the communities who provides with the infrastructures...
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...STAKEHOLDER ANALYSIS UNIVERSITY July 14, 2014 Stakeholders are a powerful force in business from both an economic and societal point of view. “Stakeholder theory is a theory of organizational management and ethics.” (Phillips, 2003) Stakeholders are the individuals, groups, and organizations who can affect the firm’s vision and mission, are affected by the strategic outcomes achieved, and have enforceable claims on the firm’s performance.” (Hitt, Page 19) “Stakeholders can include employees, customers, owners/investor groups, suppliers, unions, professional /industry associations, government, community neighbors, NGOs, educational institutions, neighbors, the media and so on.” (Fowler, 2014) Managing for stakeholders involves attention to more than simply maximizing shareholders. It is not an excuse for managerial opportunism. Stakeholder Theory does not require changes to current laws; it is not a theory of socialism; it is not a comprehensive moral doctrine; and it is not applicable only to corporations. (Phillips, Page 484) An organization in return have a dependency relationship with its stakeholders. The more critical and valued a stakeholder’s participation, the greater a firm’s dependency becomes. They continue to support an organization when the firm’s meets or exceeds their expectations. Both, the organization and the stakeholders have responsibilities towards each other in their own interest. “It is important to gain feedback from a variety of stake holders. This...
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...Stakeholders and Risk Management (graded) | Both the PMBOK® Guide and the ATOM process discuss the role of stakeholders in risk management. How does a project manager identify stakeholders for a project? How does a project manager involve these stakeholders in risk management? | This section lists options that can be used to view responses. Collapse All | Print View | Show Options | Responses Responses are listed below in the following order: response, author and the date and time the response is posted. | | Sort by Response | Sort by Author | Sort by Date/Time* | (an instructor response) | | Question 1 ..Stakeholder Identification ?? | Professor Hiegel | 1/10/2015 3:46:03 PM | | | How does a project manager identify stakeholders for a project?orHow does a project manager know which stakeholders are more important to a project? | | | | RE: Question 1 ..Stakeholder Identification ?? | Phillip Murray | 1/11/2015 7:26:56 AM | | | If a stakeholder register has been executed as part of the initial plan then this will simplify this step greatly. I would revisit the register and "scrub" it for a comprehensive list of internal and external stakeholders. PMBOK chapter 13 on pgs 395-396, para 13.1.2.1 Stakeholder Analysis, describes several classification models that can be used to identify stakeholders. I also found a small article that says some of the same things in a simpler manner. http://www.projectmanager.com/identify-project-stakeholders...
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...PSC 495 Stakeholder Analysis Summary Click Link Below To Buy: http://hwcampus.com/shop/psc-495-stakeholder-analysis-summary/ The purpose of this assignment is to identify key stakeholders within your organization who are affected by, have influence over, or have an interest in solving the problem you are attempting to address with your action research project. Stakeholder analysis requires you to examine a number of variables in relation to each individual or group you have identified. Use the "Stakeholder Analysis" spreadsheet to record the results of the stakeholder analysis. In the analysis, list titles and groups of stakeholders. Do not list names of specific individuals. It is important to note the role each stakeholder has in the problem and solving it. Determine whether or not the individual or group has a negative, indifferent, positive, or very positive predisposition about the problem. Within the "Stakeholder Analysis" spreadsheet is a tab labeled "Current-State Matrix." Study the terminology related to influence and support and think about how each block describes the feelings a stakeholder may have about the problem and proposed solution. For example, there may be a group or individual that has a high degree of support in regard to solving the problem. If you know that person or group also has a high level of influence in how the problem is solved, it is important to think about how you will approach this person or group in terms of seeking information...
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...Chapter 1 The Corporation and Its Stakeholders McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Ch. 1: Key Learning Objectives Understanding the relationship between business and society, and the ways in which they are part of an interactive system Considering the purpose of the modern corporation Knowing what is a stakeholder and who a corporation’s market and nonmarket and internal and external stakeholders are Conducting a stakeholder analysis, and understanding the basis of stakeholder interests and power Recognizing the diverse ways in which modern corporations organize internally to interact with various stakeholders Analyzing the forces of change that continually reshape the business and society relationship 1-2 Introduction – The Business and Society Relationship Business: Any organization that is engaged in making a product or providing a service for a profit Society: Human beings and the social structures they collectively create Business and society are highly interdependent 1-3 Introduction – The Business and Society Relationship We borrow “General Systems Theory (GST)” from biology to explain this relationship; first introduced in 1940s Theory posits that organisms cannot be understood in isolation, even though they have clear boundaries; they can only be understood in relationship to their surroundings Adapted to management theory means that business ...
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...1. Using the stakeholder typology model, identify and describe the important stakeholders for PCA in relation to the privacy issue. What is the nature of their claim? Discuss whether and how the company chooses to respond to these claims. Introduction: it has been proved that it is crucial for organisations to communicate with their stakeholders that could develop and protect their reputation. And managers need to think very strategically about their business overall and how they can effectively communicate with their stakeholders, such as customers, investors, employees, members of communities in which the organization operates (Cornelissen, 2011). To the Peanut Corporate of American (PCA), which produced blanched, split, granulated, roasted peanuts and also peanuts butter and so on, sell peanut products to other manufacturers rather than consumers directly, its stakeholders could be customers who buy the peanut products, investors who invest on PCA, for example, shareholders, employees who work for the company and suppliers who provide materials that company needs, government political groups who set regulations on the company trade associations who are related to trade issues. The following figure is the model of stakeholders in strategic management. Governments investors political groups Suppliers organization customers Trade associations employees communities The stakeholder management recognizes the mutual dependencies...
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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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...P1 Discuss the range of decisions to be taken for specific purposes for Essex Network Communications Consultancy. Managers make decisions affecting the Essex Network Communication Consultancy (ENCC) daily and communicate those decisions to other organizational members. Some decisions affect a large number of organization members, cost a great deal of money to Carry out, or have a long term effect on the organization. Such significant decisions can have a major impact, not only on the management systems itself, but on the career of the manager who makes them. Other decisions are fairly insignificant, affecting only a small member of organization members, costing little to carry out, and producing only a short term effect on the organization. ENCC range of decisions: Programmed decisions: Programmed decisions are routine and repetitive, and the organization typically develops specific ways to handle them. A programmed decision might involve determining how products will be arranged on the shelves of a supermarket. For this kind of routine, repetitive problem, standard arrangement decisions are typically made according to established management guidelines. Non programmed decisions: Non programmed decisions are typically one shot decisions that are usually less structured than programmed decision. ENCC 5 elements of the decision situation: 1. The Decision Makers 2. Goals to be served 3. Relevant Alternatives 4. Ordering of Alternatives 5. Choice of...
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