Essays on Stakeholders

The Role of Stakeholders in Strategic Management
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In today's modern world of business, individuals in management constantly face critical decisions, ethical dilemmas, and other concerns that can affect a business, its employees, its shareholders and other associated stakeholders. Strategic management is an important task for organisations, and concentrates on the preparation for success in both the short and long term. Incorporating planning, implementation, and assessment, it is a comprehensive management process and aims to formulate and implement strategies that are effective to the organisation. Chandler's (1962) definition…...
BusinessHuman NatureManagementStakeholdersStrategic Management Process
Organizational Stakeholders
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Part of strategic management is the maintenance of a good stakeholders’ relationship as a stepping-stone to the eventual attainment of organizational goals. A rapport with stakeholders is essential, as they are part of the business environment. Organizational stakeholders to the firm include shareholders, employees, consumers, local communities, government, and other businesses. Shareholders and employees are given stakeholders. Consumers are stakeholders because without them, Gap will be a lost cause, and the firm has taken the right direction when it decided…...
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Stakeholder Versus Shareholder
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Stakeholder theory thinks that the enterprise is a series of contracts with various stakeholders to form various stakeholder consultations, the outcome of a transaction, whether investors, managers, employees, customers, suppliers, or government departments, community, etc., they are enterprise-specific investments and bear the risks. On the other hand, Shareholder theory thinks that not only the market will be sound, permanent, and viable, but also the ethical issues and concerns are resolved just because they attending to the interests of shareholders. When…...
BusinessBusiness EthicsEconomicsEthicsManagementPhilosophy
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Internal and External Stakeholders
Words • 4215
Pages • 17
Explain the roles of both internal and external stakeholders in the selected business and show how their objectives and expectations have changed over time. What is a Stakeholder? A stakeholder is someone who is interested in a company or business, e.g. Tesco; they can either be an internal or external customer to the business. They may also be affected in a situation that happens to the company because they them selves may of given and invested money into the company…...
Key Stakeholders
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Pages • 1
Question 1: Who were the key stakeholders involved in, or affected by, the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Answer: Enron’s board was made up of 17 members. Out of 17, 15 were outsiders and only 2 were insiders. These two key stakeholders were insiders of Enron named Kenneth L. Lay (Enron CEO) and Jeffrey Skilling (President & Enron COO). They were helped my Enron management in…...
Evaluate The Influence Different Stakeholders
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Pages • 17
1. Client: The very first stakeholder I am going to assess is the clients which are external stakeholders. Consumers add to profit levels and turnover through purchasing products and services. These Customers are stakeholders in a company for monetary factors, clients do not desire to need to spend an extreme amount of cash to purchase products for regular monthly bases, therefore if the products are cheaper in Asda, than they are in another shop such as Tesco then clients will…...
Different Types of Stakeholders
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Every organisation has Stakeholders; these are groups or individuals that affect or are affected by the business. The number of stakeholders of a business varies and so does their importance and influence on the company. The type of organisation and the product or service it supplies also determines the stakeholders. An organisation such as Lidl has far more stakeholders than family business; it is therefore much more influenced and affected by the actions, aims and objectives of its stakeholders. In…...
Stakeholders for BP (British Petroleum)
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The diagram below (Figure 1.1) is a representation of some of the multifaceted relationships between BP and its publics/stakeholders. It is clear that the assortment of communication channels used to reach key publics is somewhat diverse. Whilst consumers and investors are perhaps most likely to be the primary focus, these two groups are highly influenced by surrounding interrelated groups and channels and generally rely on these sources (not the company) for accurate information. Environmental and other similar lobbying groups are…...
What are Stakeholders in Business?
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Pages • 2
Stakeholders are individuals or groups that have some claim on the company. They can be divided into internal claimants and external claimants. Internal claimants are stockholders and employees including executive officers and board member while external claimants are all other individuals and groups affected by the company's actions. Typically, they comprise of customers, suppliers, governments, unions, competitors, local communities and the general public. Stakeholders can influence the organisations because all stakeholders can justifiably expect that the company will attempt to…...
Who are the key stakeholders?
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Stakeholders are people who may be affected by or have an effect on an effort. They may also include people who have a strong interest in their business. Stakeholders are generally said to have an interest in an effort or organization based on whether they can affect or be affected by it. The more they stand to benefit or lose by it, the stronger their interest is likely to be. The more heavily involved they are in the effort or…...
Stakeholders for Apple Inc
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Pages • 2
A stakeholder is any individual, group, society that owns a stake in the industry. The, stakeholders can be both either internal or external to a business. A stake is an important part in the business and its activities. It can include proprietorship and property interests, legal interests and commitments, and ethical rights. Apple is a multinational tech giant which leads the cellphone and the tablet market in the world. It has many stakeholders as, they are mentioned below. Stakeholders for…...
Apple IncBusinessStakeholders
Customers Are Big Stakeholders
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Pages • 2
There are many people and groups that have an interest in the running and the functions of Oxfam and we call them stake holders. Below I will give examples of stake holders and explain how they take an interest and how they influence the company. Throughout D1 I will be stating the different stake holders and their influences in the business ‘Marks & Spencer’. I will also be grading the different stakeholders from 1-10 depending on their affectivity in influencing…...
Key stakeholders of Tesco and Range Rover
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Pages • 9
In this assignment I will talking about key stakeholders who influence the purposes of two businesses, the business I have chosen are Tesco and Range Rover. Also I will be talking about the interest owners, customers, suppliers, employees, trade unions and employer associations have in the businesses. Another point I will be talking about is why business have to consider local communities and pressure groups when operating their business. Definition of Stakeholders Stakeholders are anyone that is affected by the…...
Stakeholders of Tesco
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Pages • 2
Shareholders A shareholder is Any person, company or other institution that owns at least one share of a company’s stock. Shareholders are a company's owners. The shareholders are known to be the most important stakeholders in Tesco as the have invested money and time into the growth of the business. The shareholder's interest in Tesco is to see their share of profit increasing ( High dividend) and the value of the business increasing. Customers A customer is An individual or…...
Stakeholders Influencing the Purpose of Apple and British Heart Foundation
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Task 2 is to describe the different stakeholders that influence the purpose of Apple and British Heart Foundation. A stakeholder is a person or group that has an investment, share, or interest in something, as a business or industry. This is not just limited to someone who has purchased stock in a company, which is a shareholder. Who are stakeholders for Apple? Customers want the business to produce quality products at reasonable price. You have different types of customers. There…...
Apple IncBusinessStakeholders
Shareholder and stakeholder
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Over the last decade, with the rapid development of business management, the Shareholders who are the effective owners of the company invest money into the business and want as much profit as possible as a return for their investment. Shareholders will engage manager to help them to run the business and make various decisions in different aspects in order to maximize potential wealth. There seems to be no doubt that a manager has a legal responsibility to shareholders. However, if…...
BusinessEssay biotechnologyManagementStakeholders
External Stakeholders Interest or Claim in Coca Cola
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External Stakeholders play a vital part in the success of Coca Soda pop. Without the external stakeholders, Coca Soda pop would not be the success it is today. These companies and persons who are considered to be external stakeholders vary in variety and duty. The most basic of the external stakeholders but among the most important are the consumers. Without the consumers, Coca Cola would be simply a name and not an item or multi-national and global company. Customers vary…...
BusinessCoca ColaStakeholders
The influence that stakeholders exert on Tesco
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Pages • 4
Evaluate the influence different stakeholders exert in one organisation I am going to evaluate the influence that stakeholders exert on Tesco. I will be evaluating the following stakeholders: customers, employees, shareholders and suppliers. The first stakeholder I am going to evaluate is customers which are external stakeholders. Customers contribute to profit levels and turnover through buying products and services. People are stakeholders in a company for financial reasons, customers do not want to have to spend an excessive amount of…...
Stakeholder’s Needs in Quality Of Product
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Reflective Statement In this module I have actually had to consider how this business functions in a lot more information than I have ever done prior to. It is easy to consider granted some of the work that is done on the quality side of business. It was fascinating to take a look at and examine my department and discuss with my supervisor areas where I believe we can improve. The abilities I have actually been taught have actually given…...
Stakeholders in Events Management
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Stakeholders can be defined as “anyone who has an interest in what an organisation does” (Wright, 2001). These stakeholders can include governments, investors, political groups, customers, communities, employees and suppliers. It is important to keep stakeholders satisfied and gain their support in order to run a successful event. This will be further developed in this essay, with further recommendations in distinguishing and managing stakeholders. Stakeholder management is the process of identifying key stakeholders and gaining their support. Stakeholder analysis is…...
Stakeholders Compensation System
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There are five different stakeholders of a company compensation system and the human resource department provides them within and outside the companies. They are as follow: Employees, line managers, executives, unions, and US government. Stakeholders is performance-based compensation that focuses everyone in an organization on long-term while providing unlimited compensation opportunities for those who make it happen. This will create a strategic planning and compensation in an organization. (Higgins, 2006) Employees, are an important part of any organization or company.…...
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FAQ about Stakeholders

What are Stakeholders in Business?
...Meanwhile, unions may engage in disruptive labor disputes and rivals may respond to unfair competition by anticompetitive moves of their own or by filing antitrust suits while communities may oppose the company's attempt to locate its facilities in t...
Who are the key stakeholders?
...Owners have a big say in how the aims of the business are decided, but other groups also have an influence over decision making. For example, the directors who manage the day-to-day affairs of a company may decide to make higher sales a top priority ...

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