...Audience Analysis Paper Knowing your audience goes a long way in determining how one approached its communication to an audience. Is your audience considered internal? If not, should you use the same jargons or verbiages you would normally use with your internal audience? Determining the characteristics, the communication channels, and the diversity of your audience will make your presentation to your stakeholders an effective one. Characteristics of an audience goes in many forms but the important factors to consider are: 1.) Analyzing who the audiences are, 2.) Understanding the knowledge the audiences know about the subject, 3.) What are the audiences age, gender, educational background, etc?, 4.) What’s at stake for the audience you are presenting, and 5.) What are your audiences are going to be learning or getting with your presentation. Touching on each of the above factors, this author knows who the audiences are and they are the company’s stakeholders. The author now knows that he has to present the quarterly sales information, not just effectively but with precision. The author must tell the stakeholders the honest truth of the company’s quarterly number even if it’s not pleasant. This is important because what he presents to them will impact what actions or non-action the stakeholders will conduct in months after the presentation. The audience knows about the subject; therefore, the author must be careful not to use words or lead the audience to something they are...
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...STAKE HOLDER MANAGEMENT Introduction. A stakeholder is any person or organization who can be positively or negatively affected or affect the actions of: a company, government or organization. People who have vested interest in the policy that is being promoted are considered stakeholders in the process. There are various types of stake holders.Exaple: * Primary stakeholders: are those ultimately affected, either positively or negatively by an organization's actions. * Secondary stakeholders: are the ‘intermediaries’, that is, persons or organizations who are indirectly affected by an organization's actions. * Key stakeholders: (who can also belong to the first two groups) have significant influence upon or importance within an organization. Stakeholder analysis is a term that refers to the action of analyzing the attitudes of stakeholders towards something such as a project. It is frequently used during the preparation phase of a project to assess the attitudes of the stakeholders regarding the potential changes. Stakeholder analysis can be done once or on a regular basis to track changes in stakeholder attitudes. Stakeholder analysis is a process of systematically gathering and analyzing qualitative Information to determine whose interests should be taken into account when developing and implementing a project. [Citation needed] Stakeholder analysis in conflict resolution, project management, and business administration, is the process of identifying the individuals...
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...original language. Don’t paraphrase simply to pretend an author’s arguments or content are your ideas, or to avoid accusations of plagiarism. Instead, paraphrase in order to reveal something that wasn’t obvious in the author’s original words. Effective paraphrases make the implicit explicit (“What she’s saying here is...”) Always give credit to your sources, even when you paraphrase. Summary: Similar to paraphrase (in that you choose your own words to describe an author’s argument), except in a summary, you compress large portions of text into a much smaller space. You’ll need to choose specific things to focus on in a summary. You aren’t trying to restate every claim and every piece of evidence. Instead, choose smaller parts of the text that are relevant to your work and explain how you want your reader to understand them. Quotation: A rhetor’s exact language reproduced with precise accuracy (no words changed!), attributed to them, and presented in quotation marks. (She said, “This is what a quotation looks like.”) Analysis: An examination and logical interpretation of evidence. Analysis does not set out to prove an existing claim. Instead, analysis examines evidence, then asks what can...
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...THE BUSINESS OF WATER CORPORATE GOVERNANCE AND BUSINESS ETHICS CASE STUDY ANALYSIS SUBMITTED BY: PRIYA BHATTER Who are the main stakeholders of beverage companies such as Cocoa Cola and Nestle in this case? How would you prioritize their stake and how legitimate are the different stakes? Consider the following stakeholders for beverage companies such as Nestle and Cocoa Cola in terms of legitimacy and importance of the stakes held. Shareholders and Board of Directors: These are directly interested in the profitability of the company and will be impacted by any decision that the company makes. While their stakes are legitimate and must be prioritized in terms of company profitability and decisions, their claims on water resources are not legitimate since water is a public resource and no private company and be allowed to appropriate public resources for their profit Citizens and Local Communities: These communities are directly impacted by the decisions of the beverage companies. While their stakes do not come first in order of priority their claims on water resources are the most legitimate. Decisions taken by beverage companies such as the use of exhaustible acquihires by Nestle or the depletion of groundwater resources by Cocoa Cola directly impact them, and must be taken into considerations while making corporate decisions. Government and Regulatory Bodies: Governments (especially in developing economies) are invested in these companies since they earn tax...
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...MANAGING FOR STAKEHOLDERS: TRADE-OFFS OR VALUE CREATION1 One of the central uses of stakeholder theory, in its original form, was as a counterpoint to the idea that corporations should be managed in the interests of shareholders. As the theory developed the debate was often framed in terms of “shareholders vs. stakeholders.” While developing “theories of the firm” is an interesting and useful project, focusing solely on “theory of the firm” obscures a more important contribution of stakeholder theory. The purpose of this brief essay is to set forth what I consider to be the central insight of stakeholder theory: the jointness of stakeholder interests. The Basic Idea The basic idea of “managing for stakeholders,” as I now see it, is quite simple, and I believe it is closer to the origins of the idea from Eric Rhenman and the Tavistock thinkers. In fact, Juha Nasi was correct in his assessment of the Scandinavian origins of the stakeholder idea that focus on what holds stakeholder interests together. Nasi originally suggested that we focus on “intressent” in Swedish. “In Finnish this term was modified as “intressentti” or “sidosryhma” which could be translated as an “interest group” or even as a “linkage” or “bonding” or “binding” group.” (Nasi, 1995 at 98) It is this bonding or binding idea that is most interesting to explore. Managing for stakeholders asks us to see stakeholders as “bound together by the jointness of their interests.” So, the basic idea goes like this. Business...
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...Canada, Ltd. 1 Copyright © John Wiley & Sons Canada, Ltd. Welcome! Welcome! A little about me… 2 A little about YOU!… Copyright © John Wiley & Sons Canada, Ltd. 3 Copyright © John Wiley & Sons Canada, Ltd. 4 1 09/05/2016 INTERMEDIATE ACCOUNTING How to be successful in this class TENTH CANADIAN EDITION Kieso • Weygandt • Warfield • Young • Wiecek • McConomy • This is a summer session class = quick • This is a 3rd year class = challenging – Quick + challenging = be organized • Do the assigned homework (min. 1:1) • Read the chapter beforehand • Come to class CHAPTER 1 The Canadian Financial Reporting Environment • Exams will have – Multiple choice & matching questions – Short answer questions – Problems – mini cases Prepared by: Dragan Stojanovic, CA 5 Copyright © John Wiley & Sons Canada, Ltd. As edited by Jeff Kent, CPA,CA M.B.A. The Canadian Financial Reporting Environment CHAPTER 1 The Canadian Financial Reporting Environment Financial Statements and Financial Reporting •Accounting and capital allocation •Stakeholders •Objective of financial reporting •Information asymmetry After studying this chapter, you should be able to: • Explain how accounting makes it possible to use scarce resources more efficiently. • Explain the meaning of “stakeholder” and...
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...The stakeholders, designated as “interest groups” or “constituencies”, are “any individual or group who can affect or is affected by the actions, decisions, policies, practices, or goals of the organizations “persons or interests that have a stake, something to gain or lose as a result of its (the organization’s) activities” . The stakeholder is “an individual or group that has some kind of stake in what business does . The question is what a stakeholder is. The typical stakeholders are customers, suppliers, employees, owners, competitors, governments and their institutions, communities, media, . environmental groups and consumer protection groups stakeholders include not only actual stakeholders but also .potential stakeholders The question of what a stakeholder is may be determined by the users’ concept In our opinion, the subjects that can be considered as the relevant stakeholders are those representing certain opportunities or threats for the organization. From the point of view of universities, they are their students, their graduates, the course applicants, their employees, the Ministry of Education,, the sponsors, other educational institutions, businesses, suppliers, the governments , the public authorities (e.g., health insurance companies, social security administration, etc.), all stakeholders benefit from the actions of the business entity is even more difficult. A stakeholder is anyone who is affected by your business in one way or another. Stakeholders...
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...BA 385 Final Case Exercise Part I. The Case. Read through the case called “The Hudson River Clean Up and GE” (Case # 25 in your textbook). Do not do any outside research; stick to the case as it is written up in your textbook. In the table below, identify twenty relevant stakeholders and their stakes. Be specific about what each stakeholder has to gain OR lose by the possible actions suggested in the case. You need only list one stake (describe it if you think it is not clear without a description). *Gain *Lose | |Stakeholders |Stakes | |Stakeholders |Stakes | |1. |Shareholders and Investors |Share value goes down due to huge |11. |Animals live in Hudson River |Better living environment | | | |expense in dredging plan | | | | |2. |Employees |Increased possibility of lay-off |12. |Suppliers and other business |Increased business opportunity | | | |due to huge expense in dredging | |involved in dredging plan | | | | |plan | | | ...
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...ethical leadership. What could Radio Shack have done differently? In this world some people crave money and power. To benefit these two things always, people choose the wrong paths. David Edmondson is one of them, because he cheated on his resume. David Edmondson is a fraud that means he is not an ethical leader at all. Because of Edmondson’s cheating his company RadioShack faced losses, so he didn’t do ethical leadership in his workplace. If a manager cheats, lies, steals, manipulates, take advantages of situations, or treat others unfairly that is not an ethical behavior. That is called unethical behavior. We can see lying on David Edmondson’s case, so we can say that he didn’t behave as an ethical leader. According to the text, “Ethical leadership is known as our core values and having the courage to live them in all parts of our life in service of the common good.” Before entering to a company a manager should know what is ethical leadership. If a manager doesn’t know what ethical leadership is, then he/she will never fulfill their job properly. If a manager doesn’t have knowledge about ethical leadership, then he will do unethical things in a company. Also, unethical leadership can create many problems, such as ethical lapses and social irresponsibility. To prevent all of these things in an organization we have to give ethics training, independent social audits and also give knowledge about formal protective mechanisms. Radio Shack could have fired Mr. Edmondson...
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...Chrysler’s sales were affected greatly. Chrysler found it hard to carry its own business. Chrysler Motors, LLC was the third largest automobile manufacturer in the United States who filed for bankruptcy protection on April 30, 2009, under section 363 of chapter 11 of the bankruptcy code. The company included its 24 subsidiaries in the filing. In order to remain viable and as a condition of the bankruptcy filing, Chrysler announced that it would form an alliance with Fiat SpA. Fiat was scheduled to receive a 20% stake in the company and it would increase to 35% over time. The Voluntary Employees Benefit Association would secure a 55% stake in the company once it emerged from bankruptcy. The United States Treasury would also participate in the restructuring of the company since they considered Chrysler an integral part of the United States economy and for their concern they would receive an 8% stake in the company. The Canadian and Ontario governments would also receive a 2% stake. Analysts believe that the major reason for Chrysler’s financial problems resulted from their poor business strategy, lack of innovation, and the global financial crisis. Chrysler’s failed marketing strategy failed to produce vehicles to meet the needs of consumers....
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...the leader to influence others is the key to the success of every organization. Every member, of the organization, should have the same vision of the leader and be compelled to make the vision reality. The leader should make everyone feel like they are an integral part of the organization and are empowered to achieve excellence. This paper discusses Steve Jobs and Robert Nardelli’s leadership styles and their impact on their organizations and if they would be considered as ethical leaders. Leadership Steve Jobs was an unconventional leader. He demanded excellence from his staff and was known for his blunt delivery of criticism. But it was his sheer genius combined with his ability to articulate his vision and bring staff, investors and customers along on the journey. Steve jobs was a charismatic leader. He had the ability to influence people without logic. He built, arguably, the most creative company in the world. He was also exceptionally good at selecting talent within employees to work for him. Steve Jobs’s leadership style was complex. He was intensely focused when committed, confident enough to take risky leaps, and charismatic enough to hire legions of employees and customers in the relentless pursuit of his aspirations. He was also known to be impatient, stubborn, and hypercritical, and known to be downright cruel at times. Jobs may have been, as Isaacson says, “the greatest business executive of our era,” but he was a mercurial, demanding, and tyrannical one...
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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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...one hand is his obligation as an employee of ABC and, on the other is his concern and loyalty for his brother and his family. If he doesn’t tell his brother, then Owen may not accept the current offer he has on his house. This offer will clearly be higher than any offer he may receive after the adult entertainment store is built because the value of his home will drop significantly. If he does tell Owen, then he is not being loyal to his place of employment and he could easily lose his job or cause an uproar in the neighborhood near the proposed site. This could lead to people protesting or causing delays or problems with development, which would set his company back. So, this could either cause tremendous issues for the employees and stakeholders of AMC Co. or for his brother, his brother’s family and everyone in the...
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...Stakeholder Analysis; CVS Health Inside CVS Health, there are many stakeholders that come into play and are effected by the new change. The employees, customers and clients, suppliers and venders, investors, and local communities, are the stakeholders that are involved with and are close to CVS Health. CVS Health believes that staying close and involving their stakeholders to their CSR strategy, will help them be successful. Having employees that help contribute to the purpose that CVS Health stands for, helps the consumers get on a path to better health, and also contributes to the local communities outside of work. I am going to select ‘employees’ as the stakeholder for this analysis. Employees are affected as stakeholders in terms of their economic well-being. Employees share a concern in terms of pay and benefits. Depending on what type of pay and benefits are offered, will in turn determine what kind of employees the company will have. When employees have this additional stake in the company, it motivates and inspires them to do and be more. Job security is one of the things employees look for when finding a job. Is the company making business decisions that can threat the jobs of the employees? Long term security is what employees need. I believe that these claims are legitimate, employees want to be treated right inside of a company. With pay, benefits and compensation packages, job stability and the room to grow and thrive inside the workplace. It...
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...BUSINESS ETHICS AND STAKEHOLDER ANALYSIS Kenneth E. Goodpaster Abstract: Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decision-making. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethica] management decisions. A distinction is made between stakeholder analysis and stakeholder synthesis. The two most natural kinds of stakeholder synthesis are then defined and discussed: strategic and multi-fiduciary. Paradoxically, the former appears to yield business without ethics and the latter appears to yield ethics without business. The paper concludes by suggesting that a third approach to stakeholder thinking needs to be developed, one that avoids the paradox just men* tioned and that clarifies for managers (and directors) the legitimate role of ethical considerations in decision-making. So we must think through what management should be accountable for; and how and through whom its accountability can be discharged. The stockholders' interest, both short- and long-term, is one of the areas. But it is only one. Peter Dnicker, 1988 Harvard Business Review W HAT is ethically responsible management? How can a corporation, given its economic mission, be managed with appropriate attention to ethical concerns? These are central questions in the field of business ethics. One approach to answering such questions that has become popular during...
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