...A1: Stakeholders: There are 2 primary and 2 secondary stakeholders that will influence Paradigm toys. The primary stakeholders are those that are going to affect the company directly based on the action while secondary stakeholder are those that will affect the company indirectly based on the company action. The primary stakeholders are employees and customers while secondary stakeholder are competitors and government agencies. A2: There several way that Paradigm toys can meet corporate social responsibility to the stakeholders: There are several ways Paradigm Toys can meet corporate social responsibility to the employees, customers, competitors and government agencies as stakeholders. One way is giving where by the Paradigm Toys return some...
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...Evaluate the influence different stakeholders exert in one organisation. To: Chairperson of Tesco From: Anas Hussain Dear Chairperson of Tesco I have written to you to because I am going to evaluate the influence different stakeholders exert in one organisation, in this case the organisation I have chosen is Tesco. Owners The first stakeholder I am going to evaluate is owners which are internal stakeholders. One of the owner’s jobs is to manage employees. If the owner employs too many employees then there wouldn’t enough money to pay them all. If the owner employs less employees than required then the business wouldn’t run properly because employees would be all over the place trying to do too many jobs at one time. Business owners set policies so employees and customers follow rules about how the business should be ran. Business owners also set objectives that the business should meet, for example, a business would want to achieve sales of £5 million in European markets in 2010. Business objectives can motivate the employees. It also enables the business to measure the progress towards to its stated aims. The most effective business objectives meet the following criteria: S – Specific objectives are aimed at what the business does, e.g. Tesco might have an objective of selling half of the whole of their current stock within three months, an objective specific to that business. M - Measurable – the business can put a value to the objective, e.g. £10,000 in sales in...
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...Stakeholder Influences on Programs Paper Hannah Jones June 8, 2014 HSM/270 Christine Small Stakeholders can be defined as anyone that has an interest in or may be affected by a program and its efforts. Stakeholders can be broken up into three groups, primary, secondary and key stakeholders (Community Tool Box, 2013). Primary stakeholders are those who are directly affected by the organization and its efforts. These are represented as beneficiaries or targets of the efforts. Secondary stakeholders are those who indirectly affected by the organization and its efforts.” These might include individuals and organizations that live with, are close to, or care for the people in question, and those that offer services directly to them” (Community Tool Box, 2013).This is similar to third party type people that may have to assist in dealing with clients that are involved in a program. Key stakeholders are those who directly influence the program. This could be staff, managers, funder, government officials, ect (Community Tool Box, 2013). Stakeholder identification could also be broken up into five other categories of Clients, funders/authorizers, managers/enablers, producers/partners, and community (Johnson, 2011). However one chooses to identify the stakeholders is not as important as learning how they can affect a program and how to involve them in a satisfactory way. Stakeholders will likely expect to be involved and be informed. Benefactors and funders will appreciate being...
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...Public Sector is usually composed of organisations that are owned and operated by the government for example Hammersmith Academy. Usually the aim of a public service is to provide services to the local community. Private sector aims are mostly to create a profit and provide the best services to their customers and sometimes local community. Influence of Stakeholders. The primary aim of Tesco is to make profit. Customers contribute to profit levels and turnover through buying products and services. Customers do not want to have to spend an excessive amount of money to buy products. So if the product is cheaper in one store, such as Tesco then they will shop at Tesco and this will also attract more customers. Two of Tesco’s corporate objectives are “Offering customers the best value for money and the most competitive prices” and “meeting the needs of customers by constantly seeking, and acting on, their opinions regarding innovation, product quality, choice, store facilities and service”. This shows to us that customers at Tesco are very much one of the biggest influencers in Tesco’s profits and objectives. The Managers at Tesco influence the business every day by the decisions they make on the Store. Managers are there to implement company policy and formulate strategy which affects the running and profit-making ability of a business. Tesco operate in local communities and that is where most of their profits. They help the local communities by offering jobs helping out on local...
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...Effect and Influence of Stakeholders on corporate Decisions Babatunde Adesokan BUSI 301 March 27, 2013 Dr. Phiser Annotated Bibliography Brugha, Rhuairiand and Varvazovszky Zsuzsa. (2000). Stakeholder Analysis: a review. Health Policy and Planning 15(3), pg. 239-246. Retrieved from heapol.oxford journals.org/content/15/3/239.full.pdf+html on 06/13/14 This journal engages the stakeholder analysis to generate knowledge about relevant actors so as to understand their behaviors, intentions, interrelation, agendas, interests, and the influence or resources they have brought or could bring to bear on decision making processes. Dhir, S. Krishna. (2007). Stakeholder activism through nonviolence. Corporate Communications. An International Journal, Vol. 12(1), pg.75 – 93. Dhir is of the accounting faculty, Berry College, Georgia, Atlanta. The journal examined at length the furor of activists at the Niger Delta region of Nigeria, West Africa. These are people whose land had been taken forcefully by the government of the land without adequate compensation and development of the areas involved. Worst still is the non-chalant attitude of the officials of the companies drilling oil rings on the land towards the natives. The officials have what it takes to decide to treat the natives well but they refused because they did not see them as stakeholders but events that followed showed that they paid dearly for it. Graham, Kenny. (2013). The stakeholder or the firm? Balancing the...
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...Introduction Background: Load shedding is the term used to describe the deliberate switching off of electrical supply to parts of the electricity network, and hence to the customers in those areas. This practice is a core part of the emergency management of all electricity networks. Load shedding can be required when there is an imbalance between electricity demand (customers’ usage) and electricity supply (the ability of the electricity network to generate and transport the required amount of electricity to meet this demand). When there is a shortfall in the electricity supply, there can be a need to reduce demand very quickly to an acceptable level, or risk the entire electricity network becoming unstable and shutting down completely. This is known as a “cascade”. Event and can end in a total or wide spread network shutdown affecting very large areas of country. Load shedding normally happens in two ways: Automatic Load Shedding: This is a result of concurrent failures of major element(s) in the national grid(e.g. co-incidental generator or key transmission line failures), resulting in protection schemes initiating the automatic isolation of additional parts of the national grid, to protect the entire grid from cascading to a total blackout. Automatic load shedding always occurs on the transmission system level, with the result being large amounts of electricity and large blocks of customers taken off supply in a very short time. Typical load...
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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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...For this task I will be ranking the stakeholders for Tesco in order of influence. I will also give reasons to explain why I believe the stakeholders at the top of my list are more important than the ones on the bottom. Stakeholders have a variety of different influences on how a business is run. And they can all play a part in the success of a business in one way or another. 1- Customers- The stakeholder that I believe has the most influence on Tesco and its success is the customers, the reason for this is that the customers are the ones who buy the products that Tesco sell. Therefore if Tesco did not have any customers then their business would not work as they will have no one buying their goods. 2- Employees- The stakeholder I would put in second would be the employees, as they also play a big influence in the success of a business. This is because they carry out day to day jobs within Tesco, such as stacking shelves and making sure everything is suited to the customers’ needs. Employees also play a big impact on Tesco’s aims as without employees they would not be able to operate. Therefore it is important that Tesco take care of their internal stakeholders, as if there internal stakeholders are happy they can then tell their friend/family about the company. 3- Shareholders Shareholders have a direct influence on an organisations aims and objectives. This is because shareholders want the business to increase the profits or the growth as it means that...
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...Material Appendix C Stakeholder Impact Analysis Table After reviewing each stakeholder position on the case by reading your classmates’ presentations, organize the stakeholders’ positions by completing the table. Provide a brief description of each stakeholder’s interest, then rate each stakeholder’s level of influence, urgency, persuasiveness, and importance. Reference the example on p. 357 (Ch. 5) of the text as a model. The legend below clarifies the meaning of the column headings. Legend Stakeholder: The four stakeholder groups involved with the board of directors meeting. Interest: Why this group cares about the sonox issue, and their main concern in the matter. Includes what the group would like the company to do. Influence: Your feeling of how much legal influence this stakeholder group has over the company. The greater the influence, the more you should listen to them. Rank as high, medium, or low. Urgency: How urgently the company should address the stakeholder’s concern(s). Rank as high, medium, or low. Persuasiveness: Your feeling of how persuasive the stakeholders’ presentations were to the board of directors. Consider all of the presentations from the employees’ perspective as a whole, as so forth. Rank as high, medium, or low. Importance: An overall ranking of the importance of taking into consideration the stakeholders’ concerns. 1 equals high importance; 2 equals medium importance; 3 equals low importance. |Stakeholder ...
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...describe who the different stakeholders are and what influence they have on each business. Examples of stakeholders are:- ● Customers ● Employees ● The local community ● The government ● Trade unions For both organisations, from each stakeholder’s perspective, explain how and why each is attempting to influence the strategic aims and objectives of the organisations. ● Elaborate on the points of view of the various stakeholder groups ● What are they trying to achieve from influencing the organisations? ● What impact have they had in shaping the aims and objectives of the organisations? Finally, pick one organisation and evaluate the influence different stakeholders have. Think about the following points. ● Provide an in depth evaluation of the influence stakeholder have ● Which stakeholders have the greatest influence? ● Identify any changes the business has made as a direct result of the actions of various stakeholder groups ● Do some of the stakeholders work together? What common interests do they have? What opposing interests do they have? How are these differences resolved? Evidence you must produce for this task ❏ Report Criteria covered by this task: To achieve the criteria you must show that you are able to: Unit Criterion reference Describe the different stakeholders who influence the purpose of two contrasting businesses. 1 P2 Explain the points of view of different stakeholders seeking to influence the aims and objectives...
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...Chapter 8 – Systems oriented theories 1. Introduction Rationale: Why corporate management might elect to voluntarily provide particular information to parties outside the organisation. (Page 250 & 251) Gray, Owen and Adams (1996): Legitimacy Theory and Stakeholder Theory are two theorietical perspectives that have been adopted by a number of researchers in recent years. The theories are sometimes referred to as “systems-oriented theories”. Within a systems-based perspective, the entity is assumed to be influenced by, and in turn to have influence upon, the society in which it operates. Within both legitmacy theory and Stakeholder theory, accounting disclosure polices are considered to constitute a strategy to influence the organisation’s relationships with the other parties with which it interacts. 2. Political Economy Theory According to Gray, Owen and Adams (1996), Legitmacy Theory and Stakeholder Theory are both derived from a broader theory which has been called “Political Economy Theory”. “Political Economy” as defined by Gary and Owen as the “social, political and economic framework within which human life takes places”. The perspective embraced is that society, politics and economies are inseparable, and economic issues cannot meaningly be investigated in the absence of considerations about the political, social and institutional framework in which the economic activity takes place. Gurthrie and Parket (1990) states that corporate reports cannot...
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...Chapter 8 – Systems oriented theories 1. Introduction Rationale: Why corporate management might elect to voluntarily provide particular information to parties outside the organisation. (Page 250 & 251) Gray, Owen and Adams (1996): Legitimacy Theory and Stakeholder Theory are two theorietical perspectives that have been adopted by a number of researchers in recent years. The theories are sometimes referred to as “systems-oriented theories”. Within a systems-based perspective, the entity is assumed to be influenced by, and in turn to have influence upon, the society in which it operates. Within both legitmacy theory and Stakeholder theory, accounting disclosure polices are considered to constitute a strategy to influence the organisation’s relationships with the other parties with which it interacts. 2. Political Economy Theory According to Gray, Owen and Adams (1996), Legitmacy Theory and Stakeholder Theory are both derived from a broader theory which has been called “Political Economy Theory”. “Political Economy” as defined by Gary and Owen as the “social, political and economic framework within which human life takes places”. The perspective embraced is that society, politics and economies are inseparable, and economic issues cannot meaningly be investigated in the absence of considerations about the political, social and institutional framework in which the economic activity takes place. Gurthrie and Parket (1990) states that corporate reports cannot...
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...Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Unit 1- The Business Environment Unit 1- The Business Environment | Student name | ------------------------------------------------- Assessor name | | | Date issued | Completion date | Submitted on | 5th September 2013 | 29th November 2013 | 2nd December 2013 | Qualification | Unit number and title (Credit Value) | BTEC Level 3 Subsidiary Diploma in BusinessBTEC Level 3 Diploma in Business | Unit 1- The Business Environment Credit Value- 10 | | | Assignment title | | The aim of this unit is to give learners the fundamental knowledge of a range of business organisations, and the many factors that shape the nature of organisations operating in an increasingly complex business world. | | Assignment title | | The purpose of this assignment is to: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business. | ScenarioYou work for the Chamber of Commerce as a Business Adviser and have been asked to visit businesses in the local area to outline to them the variety of businesses which exist and to explain to them the factors which...
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...evolution of the culture of our corporations has evolved in many ways and for many reasons. There were many different factors that played an important role in developing the change in the evolution of corporations. Societal and cultural influences played a major role in the early development of the objectives and reason for existence of corporations. Political forces have and will continue to play an influential role in the structure of corporations and the responsibilities corporations have in the communities in which they exist. Economic forces were one of the early influences, but will also continually be a leading factor in how corporations are governed and operated. The changes to how corporations are operated in turn affect the role of corporations and how they will be operated in the future. All of these factors for different reasons play an important role in the evolution of corporations. The decision making power transitioned from the individual to the corporation. The laws that govern the corporations, the individuals that work for the corporations, the boards that guide the corporations all evolved in the amount and type of authority they hold as well as the role they play. Individual behavior was one of the early influences on business and corporations. Businesses were owned by individuals and families. As businesses grew and the need for large scale operations grew, the scope of the operations of these businesses also expanded. The change was in how these...
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...Have a look at the wide variety of stakeholders that form a key component of Mallen Baker's definition of CSR, including the diagram at http://mallenbaker.net/csr/definition.php. How can an organization begin to balance such an array of competing stakeholder interests? What is your source for Google (url). According to Mallen Barker and his definition of CSR companies are responsible for the management of their business and the positive or negative social impact they can cause. Based on this principle, if an organization wants to maintain a balance between the best interests of all stakeholders it will have to start by maintaining quality of management. In other words, CSR is a company’s commitment to the performance of improving the quality of life for the community and a society. A good example is the company Google and their famous charter “Don’t be evil.” By always keeping to their charter, and having it be so simple that they can often easily answer to themselves about whether certain actions fall under their ideals, Google was able to make the difficult task of balancing the interest of all stake holders more manageable. I believe that by clearly stating and documenting simple values to be followed a company can look to do what is right in the face of competing stakeholder interests, and feel comfortable in the decisions they make. 2. Look at some of the causes that Ben & Jerry's promotes at http://www.benjerry.com/activism/inside-the-pint/. a. Do you agree with...
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