Stakeholders are people or groups of people who can be affected by, and therefore have an interest in, any action by an organization. The stakeholder concept is the view that businesses and their managers have responsibilities to a wide range of groups, not just shareholders. There are two different kinds of stakeholders; Internal & External Internal Stakeholders -These stakeholders are members of the organization: Employees Shareholders (who own the business) Managers and directors
Words: 316 - Pages: 2
In the mix of this system, there are different opinions of how people feel about it, and this correlates directly with the kind of stakeholder an individual might be. People who think that welfare should not exist have a very good chance of having enough money to support themselves, while people who don’t have enough money to support themselves are a stakeholder that may think welfare is essential. “Middle-class” citizens in this situation can have many opinions, but for the most part, peoples
Words: 280 - Pages: 2
Running head: Medium-Sized Corporation Wings to Fly Tour and Travel Aldo M. Raffo Business and Society – BUS 475 Strayer University Prof. Dr. James Ruether October 27, 2013 Running a business appropriately can be challenging especially in this dynamic digital world since one negative move attracts negative publicity. The acceptable business behavior is dictated by competitors
Words: 1486 - Pages: 6
Formulating a Feasible Business Strategy to Start the Business in the Home Entertainment Industry A business opportunity has inspired me to start my own business in the home entertainment industry. The business in the industry will be performed by globally selling DVD and CD products, which can be described as physical containers of entertainment elements from film, music and game studios. For acquiring information of the opportunities and possibilities of the business for me, who acts as an entrepreneur
Words: 3004 - Pages: 13
Internal versus External Environments of Kudler Fine Foods NeShawn Y. Mack University of Phoenix June 22, 2010 Kudler Fine Foods In society today beginning health is top priority. Many will go all extremes to obtain the healthier lifestyle desired by so many. Kudler Fine Foods has three locations that give healthier food options for everyday meals. Kulder Fine Foods offers organic and non-organic foods to surround areas to for those wanting a healthier lifestyle but at a reasonable price
Words: 714 - Pages: 3
the ingredient labels and provide accurate information to replace defective product and give the consumers fair warnings and danger of the product. The result lens determine impact on stakeholders which includes Carson Nelson, the (CEO), Quality Control Manager, (myself) and G-Biosports. The impact of the stakeholders was high, the company has the most to lose or gain from the Quality control manager’s decision about what to do with the tainted product. The quality control manager was medium the business
Words: 795 - Pages: 4
------------------------------------------------- AYB230 Corporations Law Practice Qs for Midsemester Exam – Answer guide Week 7 Incorporation and its effects 1. Answer: c, because Macaura applied the principle in Salomon v Salomon. 2. Answer: e, all of (a), (b) and (c). 3. Answer: d, the Walker case did not say anything about directors being unable to sit on more than one board in a company group. 4. Answer: b. 5. Answer: e. Breach of a Listing Rule is not a breach of the
Words: 715 - Pages: 3
Global Communications was a leader in the telecommunications industry until several competitors began to enter market with lower prices and a wider variety of services. The current situation has awakened interest of several stockholders and forced the company to reevaluate its current processes, as the loyalty of employees and allegiance of customers has seen a significant decline in recent months. In order to assist with raising stock value, the company has decided to outsource technical jobs overseas
Words: 1279 - Pages: 6
This paper describes the situation at the United States (US) based company, Global Communications (GC) in the telecommunication industry. Different challenges and opportunities at GC are discussed. The paper continues by discussing the different stakeholders' perspective/ethical dilemmas and continues by framing a problem statement for the Global Communications situation. An expected end state situation is then described for GC scenario. The paper continues by analyzing different alternative solutions
Words: 2824 - Pages: 12
key stakeholders is in essence very much like lobbying. This mostly happens behind the scenes, through phone conversations, one-on-one interactions and small group discussions over coffee, in informal settings. The effort is designed to get the main players on the same page about your planned change initiative. By consulting with them you gain their buy-in. Once you have sufficient advocates around you, you can move forward with greater confidence. Having the blessings of your key stakeholders of
Words: 1474 - Pages: 6
