Premium Essay

Week #1 Essay

In:

Submitted By klowry0304
Words 378
Pages 2
The stakeholder agenda is the central part of an organization’s effectiveness. Stakeholders play the roles as sponsors, advocates, agents of change and partners. Many companies are dedicated to improving relationships between stakeholders and managers to help develop strategies to improve and develop internal and external relationships.
Many corporations use shareholder value as a way to measure strategic management effectiveness and corporate performance. Shareholder value is the present value of the predicted future cash flow from the business plus the value of the organization if liquidated. The strategy of some organizations is to increase shareholder value, shareholder wealth and cash flow. Stakeholders develop a strategic agenda to increase shareholder value. Stakeholders plan to increase cash flow by reducing operation costs to attract investors and increase profit. For example, stakeholders determine the best decision to increase flow is to purchase cheaper factory equipment. However, frequent repairs and accidents caused by low-cost equipment would spend subsequent profit. Because of this decision the company could build a bad reputation because of factory accidents and equipment malfunctions; stakeholders would eventually realize that the decision of how to decrease operation costs would be unethical and not a beneficial way to increase cash flow. Instead of buying cheap factory equipment, stakeholders could invest in efficient equipment and purchase maintenance and service plans; maintenance plans would cover repairs when equipment breaks. Safer equipment would reduce employee accidents. Reputations are important and hard to establish in the internal and external environment of a company.
Stakeholders who make ethical decisions to develop strong relationships with its investors and employees are successful. Research shows that people are more willing

Similar Documents

Free Essay

Week 1 Essay

...Global Perception of Time Student Strayer University Global Perception of Time C. Ezzell (2002) wrote an article titled “Clocking Cultures” that analyzed the difference of time perception in multiple cultures. She used several sources to compare the ideologies of time in separate areas of the world. Throughout her paper, she uncovers that there are several different ways of viewing time. Ezzell (2002) documents that several experts in the field of sociology acknowledge that different countries view time in different ways. She explains that the two main views of time are: seeing time as a straight line or viewing time at a cycling compilation of the past, present, and future. She presents the concept of the indigenous Aborigines of Australia called “Dreamtime.” She defines this as “not only a creation myth but a method of finding their way around the countryside.” The Aborigines used “Dreamtime” as a way to see past time and space and view past, present and future as a whole. Ezzell (2002) pointed out that there are also several similarities as well. She gives a global example that all cultures accept the more inferior person as having to patiently wait for the superior person. The author concludes that time study can be separated into a practical view or a planetary view. E.T. Hall is an anthropologist that coined the phrase “Silent language” to express the idea of an unspoken idea of time for a particular culture. Hall explained that a cultures’ idea of time will not...

Words: 715 - Pages: 3

Premium Essay

Week 1 Essay

...policies and procedures that govern the soldiers whom serve. As a current soldier in the United States Army, I have had the opportunity to experience policy change. I have experienced changed in the Army Uniform from a Battle Dress Uniform (BDU) to the Army Combat Uniform (ACU). I have also seen the Army changes its stance to allow Soldiers who are homosexual to openly serve their country. Although change is a process it can be argued its necessary; most recently the Army changed its policy on Soldiers who have tattoos. This change has caused mass dialogue for those who are for and against the change. The question still remains though, is the change fair or unfair? On March 31, 2014 the United States Army revised Army Regulation (AR) 670-1 (The wear and appearance of the army uniform). One of the main revisions to the army regulation was the change to the tattoo policy. The current tattoo policy states that: soldiers cannot have tattoos on their head, face, wrists or hands, or tattoos that are racist, extremist, indecent or sexist. Soldiers also cannot have more than four visible tattoos below the elbow or below the knee; those tattoos must be smaller than the size of the wearer’s hand. Visible band tattoos may be no more than two inches in width. Each band tattoo counts as one tattoo and soldiers may have no more than one visible band tattoo. Full sleeve tattoos on arms or legs are no longer authorized. This is a big change because before this change to policy soldiers...

Words: 636 - Pages: 3

Free Essay

Spst307 Week 1 Essay

...Week 1 Essay – Introduction Forum Good morning class! My name is Erik Murdock and I’m pretty excited to be starting this class with all of you! I’m currently in the final stages of earning my BS degree in Space Studies (with a minor in Intelligence Studies), and this class is getting me one big step closer to a dream of mine, that is to earn a commissioning in the US Air Force. This course and indeed, this degree would be a huge help, as one of the commissioning paths I’ll be applying for is Space Operations. I’ve been in the Air Force since 2004, and have loved it (more or less) every day since my oath of enlistment. While I originally signed up to be an Arabic Linguist, the greatest thing to ever happen to me in my career was that I failed out of that line of work and was selected for my current career. My current career entails signals analysis of a communications nature, and has taken me all around the world doing a bunch of really fun and exciting missions. I’ve deployed to Iraq and had a blast working a Counterintelligence/Human Intelligence mission, I’ve worked both space and cyberspace fields, and loved it all. Since last year I’ve working to share this passion and experience with other students, as I’m an instructor for my career’s capstone course in Pensacola, Florida. I was recently moved to be Course Supervisor, so needless to say, work is very demanding and busy! During the times that I’m not early to work and late to home, I’m a very proud single father...

Words: 333 - Pages: 2

Free Essay

Week 1 Introductory Essay

...Week 1 Hi I am Kim Johnson. I am presently a overnight stocker at Wall Mart. Up until July of 2013 I was the director of Nutrition Services at the local Medical Center. At this time the facility decided to outsource not only my position but the positions of managers in 2 other departments to a worldwide company. I have a Associates in Criminal Justice, I am a certified Correctional Officer, a Certified Dietary Manager and will have Bachelor’s Degree in Business in May----a person would think I could do better. But with the job market the way it is and me being an older person—it has been very hard to find a “good job”. I am the mother of 4 daughters, 4 grandchildren with another one on the way and a wife of 32 years. I love to garden, needlepoint, sew, read and I like to try new things. I enjoy going to sporting events so much that I have purchased tickets to the Women’s National Soccer game against China in Denver in April and have also got tickets for the NCAA women’s tournament in Lincoln. I have been in management for about 30 years. I am a democratic/participate leader. I really enjoy watching my employees achieve. I love to see them excited by something new that they did and excelled at. I also enjoy seeing events and projects come together and then evaluating them to see what can be improved on. I didn’t really learn anything from the personality or the Meyers Briggs tests. The results were what expected. I am planning on using these tests, if I ever get...

Words: 387 - Pages: 2

Premium Essay

Week 1 Ethics Essay

...Ethics Essay ETH/216 05/02/2014 Ethics When it comes to deontological, virtue, and utilitarianism theories, they all have differences. They also have a few similarities. The deontological theory focuses on the logic of a moral judgment. A good example of the deontological theory would be lying. If every person on planet earth came together and said lying is ok, and started lying to each other some would still feel it is morally wrong. The virtue theory describes a person as either good or bad, there is no middle. Either you are a citizen who is good and trustworthy, or you are devious and bad. An example of this theory could is described in car theft scenario. If a good kid who helps people every day, respects his mother, and does everything he or she is told is peer pressured into stealing a car no matter what he has done in the past, he is considered a bad person based on the virtue theory. The utilitarianism theory is based on weighing out options in a situation, and basically picking the option in which the action will have the best consequence for the individual at hand. A good example of the utilitarianism theory would be a vegetarian man stuck on an island that only had wild animals to eat. The man will think it is wrong to kill and eat these animals, but he will eventually come around because he wants to survive. Morally the man may think it is wrong to eat meat, but he believes more in his survival. A good example I have about myself...

Words: 397 - Pages: 2

Premium Essay

WW1 Week 1 Essay

...World war one, the war that brought new things to the Earth, a blood bath for the world. The war started very long before but, our country, the United States, joined in 1917. For many years, the U.S kept the neutrality between all countries, but on April 6th, 1917, that would all change. This war may have been in Europe but, boy did it hit home. Although many things happened, not all were at the war scene. Propaganda, the rationing of our food, and the drafting of our American men, well that happened here at home. During WW1, the war in the United states was very influential in the minds of normal people. Propaganda is known very well to influence the human's thoughts. Propaganda involved posters for victory Gardens, war bonds, four-minute men, volunteers in joining the war and women to become nurses. The idea of propaganda was to influence the war in the United States.Posters of victory gardens were influenced so more food could be saved, then sent to the soldiers overseas, while war bond posters were influenced to fund societies for the war, and then later on given back in larger amounts of money. Although there were people who were truly in the war overseas, the people of the U.S. were also a part of the war helping out although they were at home. While propaganda was influencing people, so was the rationing of food, which didn't only help us, but also our soldiers. The rationing of food, which was not only to save food for less waste but to feed soldiers fighting...

Words: 561 - Pages: 3

Premium Essay

Ethics Essay Week 1

...Ethics and Social Responsibility (ETH 316) November 29, 2011 Sandra White Virtue ethics describes the character of a moral agent as a driving force for ethical behavior, rather than rules (deontology). Virtue ethics is a collection of normative ethical philosophies that emphasizes on being than doing. Virtue ethics focuses on the character of the moral agent instead of the rules and consequences. The differences between virtue ethics, and deontology lies in the way moral dilemmas are approached and solved. (http://en.wikipedia.org/wiki/Virtue_ethics) Deontologist says that telling lies are wrong even if gives good results. A Virtue ethicist concentrates less on the lie told and more on the decision to lie. Virtue ethics has been considered to be self centered and not to guide our actions properly. Virtue ethics encourages people to develop good character traits and break bad habits. A virtue ethicist, however, would focus less on lying in any particular instance and instead consider what a decision to tell a lie or not tell a lie said about one's character and moral behavior. As such, lying would be made in a case-by-case basis that would be based on factors such as personal benefit, group benefit, and intentions (as to whether they are benevolent or malevolent). (http://en.wikipedia.org/wiki/Virtue_ethics) Deontological or duty ethics emphasizes on following rules. Deontological is an approach to ethics that judges the morality of an action based on the action's adherence...

Words: 560 - Pages: 3

Premium Essay

Amba 610 Essay Week 1

...ESSAY WEEK 1 I worked as a teacher in a private Pre K School in Shreveport Louisiana for almost a year. Management, at where I worked, had started out as a solo entrepreneurship; then it grew into a corporate business. It was truly managed by the traditional way of management. Neither the employees nor the customers was happy with the way of management. There were supervisors, for group of classes, who worked for one manager for the whole school. Classes had children from age new born to five years olds. Also, before and after school programs were being held in the same organization. Working with kids is a very serious and challenging job, because it requires special talents. It can be very enjoyable but at the same time very stressful. Supervisors did not have any authority whatsoever, they were the ones dealing directly with teachers who had direct relations with children and knew the core of the problems and report to their supervisors. Supervisor were told basically to carry information from management to the teachers. Supervisors main task was to make sure the teachers were only doing what manager wants them to do and not otherwise. This system worked like a robot house. But children are not robots they do have different attitudes, needs, and learning abilities etc. Teachers and supervisor were feeling the pain and seeing what needed to be different around but they were not given freedom to do improve the quality in the organization. There were many different issues...

Words: 1017 - Pages: 5

Premium Essay

Comm Week 1 Persuasive Essay

...Welfare Drug Testing COMM/215 Welfare Drug Testing Welfare was originally designed to help out poor families in need. Throughout the years, there have been issues with people taking advantage of the system. The government has made efforts to try to help welfare recipients to get a job instead of seeing welfare as a lifestyle. The next step government should take is to drug test welfare recipients. If a person has enough money to get his or her drugs; he or she should have enough money to support their family. It is unfair for us tax payers to support other people’s family and addiction. It is clear that drug testing welfare recipients would benefit not only the system, but also recipients themselves, and tax payers. One of the first benefits the system would get by drug testing welfare recipients is decrease the number of people who take advantage of it. I personally know people who get all the government help they can without having a real need. I had a coworker whose husband would sell their food stamps in order to get his marijuana and other drugs. My coworker had 5 kids and would get about $800 worth of food stamps, plus WIC, plus section 8, and plus cash aid. She made sure she only worked enough hours not to go over the low-income limit requirements. Of course hours where available for her, but why would she get tired and work more when she can get more money by not doing much? And just like her, there are many people who do this. I think if a person is healthy he...

Words: 803 - Pages: 4

Free Essay

Busn 115 Week 1 Essay

...BUSN 115 In order for U.S. sports franchises overcome to increase popularity abroad many franchises to market research. Market research is The process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face. (Entrepreneur, 2014). Sports and music throughout history has been one thing that has brought people together. U.S sports franchises’ going abroad is not a surprise more of a nature progression. Owning a sports team is no different from any other business the main point is to make money and be the best not just in your city or region but also in the world. Expanding your franchise is important because as the use of the internet expands your views expand as well, because people that cannot see their favorite player play on Television can see it online. My brother loves WWE wresting, they wrestle overseas sometimes and do not show it on Television, and he will watch it online. I will be focusing on how the NBA Franchises increase there popularity abroad. One of the things a U.S franchise needs in order to be successful is a player or players that the fans in other countries can connect with U.S franchises. I remember the NBA Huston rockets going...

Words: 710 - Pages: 3

Premium Essay

Res 341 Week 1 Essay

...Research and Evaluation Hunter Sparrow RES/341 January 9, 2012 Alan Unsworth Introduction Businesses are constantly going through phases of change because of internal factors or external influences. Business needs to adapt or overcome the phases of changes to prevent possible failure. Business research is a vital tool companies use for ‘‘finding solutions to a problem after a thorough study and analysis of the situational factors’’. Once employees go through the research phase the company can make a logical decision to help the business grow. This paper will cover the various factors of business research and its purpose in a company. Business research and purpose Business research can be identified as a, ‘‘systematic and organized effort to investigate a specific problem encountered in the work setting that needs a solution.’’ Business research is a combination of steps designed and executed to end with developing solution(s) to the problem(s). The purpose of going through the process of research is to provide managers with guidance to make informed decisions to successfully deal with problems. Businesses of all sizes have areas of problems that need to be dealt with; these problems can affect certain departments or the organization. Managers need to know the process of identifying problems and where to start applying new solution to help the business run effectively and efficiently Explain the business problems under investigation ‘‘Sandra had observed that her...

Words: 625 - Pages: 3

Premium Essay

Nt2580 Week 5 Essay 1

...Crystal Smith 8/30/2015 NT2580-Week 5 Essay Public and Private Sectors Agree: Strong Manufacturing Is Key to U.S. Innovation and a Competitive Future Federal Government Seeks Input on Cross-Sector Initiatives to Bolster Manufacturing New York, May 15, 2012 U.S. scientists, industry leaders, and public officials joined on May 8, 2012, for a discussion on how to nurture talent and fuel new scientific breakthroughs for America to have options that are more competitive. Among the speakers and participants were experts in research and development, renewable energy, smart grid, and advanced manufacturing, representing a number of member organizations of the American National Standards Institute (ANSI) from both the public and private sectors. The very important message was that our ability to innovate and build a stronger U.S. economy is very dependent on our manufacturing capability. The Advanced Manufacturing National Program Office, an interagency effort based at NIST, has released a request for information (RFI) seeking ideas, recommendations, and other public input on the design, governance, and other aspects of public-private partnership, the National Network for Manufacturing Innovation (NNMI). The NNMI will be the foundation of a U.S. innovation infrastructure of up to 15 linked regional hubs of manufacturing excellence, called Institutes of Manufacturing Innovation (IMIs). The IMIs would join industry, universities, community colleges, federal agencies, and...

Words: 417 - Pages: 2

Free Essay

Hum 112 Week 4 Assignment 1 – Essay

...HUM 112 WEEK 4 ASSIGNMENT 1 – ESSAY http://www.coursehomework.com/product/hum-112-week-4-assignment-1-essay/ Contact us at:  +1 315-750-4434  help@coursehomework.com HUM 112 WEEK 4 ASSIGNMENT 1 - ESSAY Choose one (1) of the three reading selections from the list of topic choices below. Read the selection in the textbook. Write a three to four (3-4) paragraph essay (250 words) which analyzes the “surprise ending” of the reading selection. Topic Choices: 1. Reading selection from Descartes’ Discourse on the Method (Part IV). Descartes begins with the problem of being able to prove his own existence but ends up with an argument proving the existence of God. Read more about the Discourse on the Method located at http://www.earlymoderntexts.com/authors/descartes.html. 2. Reading selection from Swift’s A Modest Proposal. Swift begins with offering the solution that the English could do things which might solve the problem of overpopulation and the mistreatment of citizens in Ireland. It ends by offering the solution that an internal change in the Irish government would best solve the problem of overpopulation and a populace victimized by its own government. Read more about A Modest Proposal located at http://www.victorianweb.org/previctorian/swift/modest.html. 3. Two reading selections from Voltaire’s Candide. The story begins by acknowledging the foolishness of the superstitious traditions held by the people in the city of Lisbon but ends by ...

Words: 674 - Pages: 3

Free Essay

Mhr 6551 Week 1-3 Essay Answers

...The quality department not only follows the tolerances and customer specifications, the vague and ambiguous corporate standards are defined more clearly through the quality department. Quality teaches operations the understanding of why a product can contain limited defects on some products and not others. Blueprints and customer specifications are considered the hard tolerances; however, the aesthetics and subjective material are the responsibility of the quality team to communicate with the customer to determine a clearer understanding and standards (Blanchard & Thacker, 2010). Blanchard, P. N., & Thacker, J. W. (2010). Effective training: Systems, strategies and practices (Custom 4th ed.). Upper Saddle River, NJ: Prentice Hall. Unit 1 Question 11 Knowledge skills and attitudes (KSA) are the different types of learning outcomes. Knowledge is the body of information, facts, procedures and principles an individual acquires overtime. The declarative knowledge is what we place in memory. The procedural knowledge is the overall information individuals are already equipped with and how we organize the information for use. Strategic knowledge is how, when and why we would use the information; for example, if the customer issued a...

Words: 1784 - Pages: 8

Free Essay

Statistics in Business (Essentials of Business) Qnt 275 (University of Phoenix) Week 1 Essay

...Statistics in Business Created By: Fredrick Jay Harder Created On: March 21st, 2016 Inspired By: Qnt 275 Taught By: Merry Gallo If a business has access to reliable data then they can make decisions that will positively impact the business much easier. Without reliable data a business can not thrive because all businesses need data they can rely on to make progress in their prospective field. Luckily, there are statistics that will help to get reliable data to make such important decisions. After all, decisions are not well founded without data or the language thereof. Obtaining that data or language thereof on one's own makes resources spread further as well. Statistics is known as the language of data. This language is about gathering data, delivering the data, and understanding the data. Statistics and mathematics are very closely related as statistics is the mathematical way to analyze data and observe data. Statistics also equips those who use it with tools to foresee based on the data gathered and is useful in not only business but is also useful in science, health, and government. (Stine &Foster, 2014) After all, science, health, and government need data on a regular basis in order to make informed decisions. This is why being fluent in statistics is very recommended for almost any profession in existence. Using statistics cuts out the “gray area” or guesswork of life's information in large proportions. With statistics, it is similar to an opinionated conversation...

Words: 1618 - Pages: 7