...Purpose of Project Project Purpose The determination of this project was to analyse project in the light of our course requirement. Which is MS Project. Project Description Shadab & Company is a reliable company in construction industry. It active in building projects for the last couple of years. The main purpose of Shadab & Company is to fulfil the needs of customers and satisfy them by providing first class construction and satisfy them by providing best possible solutions regarding construction. We provide better life to our clients at reasonable cost. Our Company just contracted a contract of construction of house in Murree with Mr Talha. He floats a request along with their specification and necessities and choose our company for...
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...Stakeholders and the Quality Management Process Quality management considers, from a management perspective, all of the functions an organization must succeed in to achieve customer satisfaction. Identifying individuals who are important to implementing the quality management process is essential to an organization. Stakeholders are individuals who have a vested interested in an organization are vital to the quality management process. Understanding who stakeholders are is fundamental in discerning what their role is in the quality management process. The Kenya Seed Company and Ford Motor Company are both organizations that provide good examples of stakeholder’s roles in the implementation of the quality management process. Stakeholders and Implementation of Quality Management There are many different types of stakeholders within an organization such as owners, employees, clients, and vendors. Owners and employee stakeholders of an organization have an instrumental role in implementing the quality management process because these individuals have a direct line to customers and have the ability to continuously improve efforts and increase resources when necessary to ensure customer satisfaction is obtained. This set of stakeholders can assess current organizational culture, customer satisfaction, identify core values, and communicate these assessments to create a strategic plan that will result in the identification and prioritization of what customers’ demands are in order...
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...Role of Stakeholders The role of a stakeholder when implementing a quality management process depends upon the kind of business process that is being implemented. There are different kind of stakeholders like creditors, investors, employees, directors, union, and owners, also the government, suppliers, shareholders, lenders and the community in which the business gets their resources (Webfinace, 2012) are stakeholders as well. Each relationship a company develop with stakeholders has an influence on its quality management process. In this paper one will discuss two specific business were quality management process will be implemented in, the electronic retail and the travel industries. By using Best Buy for example of electronic retail for this industry will show that the stakeholders is consist of directors, employees, shareholders, suppliers, customers, and the communities. When it comes to the director’s role in implementing a quality management process is to take heed from the feedback they get from customers, employees, suppliers, and shareholders so the directors can decide what is best for the business, The role of the employee’s when implementing quality process is to pay attention to the customer’s and trace down the demand of a product or products. Thus; the role of the shareholders in implementing a quality process is to make a profit from goods or services sold, and the role of the supplier’s when implementing quality process is to keep up with the...
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...Role of StakeHolder Lucy Hernandez November 23rd, 2015 MGT/420 Professor Rita Foster Role of StakeHolder - Intro The word “stakeholder” means any person with an interest in the business -- someone who can contribute to the company’s growth and success or who benefits from its success. There are various stakeholders in a business such as Employees, StockHolders, Customers, Vendors, and even the community. Each plays different roles and their involvement time is also different from each other. The reason for this is that the company’s CEO seeks to utilize the skills, experience and knowledge of each stakeholder group to further the organization’s long-term goals and ensure it’s success. Employees While management sets the overall strategic direction for the company, it is the employees that are responsible for carrying out the tasks specified by the managers in the company’s strategic plan. Employees are the closest to the action. In a manufacturing environment, they work directly on the company’s products, and they interact with customers on a daily basis. The company’s success depends greatly on the skill and dedication of its employees. Without the employees performing their roles and implementing the ideas of the CEO, business planners and financial managers , the company will not reach its revenue and profit potential. Stockholders The initial role of a stockholder is to provide the capital a company needs to grow and expand. If we talk about a startup company,...
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... 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, government regulators, shareholders, interested investors as well as individual principles. It is important for businesses to realize their social implications on the various activities they get involved in other that just aiming to maximize profits (Chambers, 2008). Being the Chief Execute Officer (CEO) of Wings to Fly tour and travel company, it is evident that the social performance of the company I great but some changes need to be implemented in order to improve the general performance of the company. The social responsibility of any business should be to maximize the positive side of its operations and minimize the negative implications on the society. Although these two words are always used interchangeably; social responsibility and ethics, they imply different meanings. Ethics captures the relationship between an individual and that which is right or wrong, legal or illegal, good or evil. Social responsibility on the other hand evaluates a broader context of the impact of a business on the society at large. The two have been coded into law and enforced to encourage businesses to conform to ethical principles and standards. Wings to fly tour...
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...Role of Stakeholder Sarah Brown MGT/420 February 14, 2013 Samuel Kazery Role of Stakeholder This summary will be used to characterize who stakeholders are and his or her importance to an organization. One will lead with a discussion on identifying the role a stakeholder has within an organization. One will also discuss stakeholders and his or her management roles. Lastly one will discuss how stakeholders implement those quality management processes within Walmart and J. B. Hunt Transportation. Stakeholder Role By definition a stakeholder is “one that has a stake in an enterprise” (Merriam-Webster, 2013, p. 1). Stakeholders are individuals or groups that have a direct primary or secondary contol over the actions of a company. Stakeholders are a fundamental part of the development of a company because of his or her role within the company. Stakeholders can have both internal and external roles, for example internal stakeholders are those individauls, such as the board of directors or consumers, employees, and suppliers who provide vital services for an organization (Classic, 2009). External stakeholders are most often any individual who fianaces a company’s operations, government organizations, and the media and which are never occupied with everyday management issues. Many managers, supervisore, and employess as oerform roles that aid the quality management process, for example CEO and upper- management are responsible for planning and creating quality management...
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...Role of a Stakeholder MGT/420 February 4, 2013 Role of a Stakeholder A stakeholder has an interest in an organization. The primary stakeholders in many organizations include employees, investors, suppliers and the customers. “Stakeholders can affect or be affected by the organization’s actions, objectives, and policies” (Business Dictionary, 2013). It is important that organizations include the interest of stakeholders when making decisions, especially those concerning quality management. This paper will address each stakeholder and what their specific role is when implementing a quality management process. Examples of organizations will be utilized as an effort to support. Delta Airlines is one of the largest airlines operating out of the United States. The stakeholders consist of employees, customers, investors, vendors and suppliers. All stakeholders must be taken into consideration when implementing a quality management process. Employees must be treated fair and must be afforded the rights that are governed by law. Each level of employment adds value to the organization. Structure must be created for a safe work environment. The employee must have good working relationships with the customers. This information should be shared with management to ensure proper procedures are being followed. Analyst in the company should track travel data to assist with pricing of fairs. The customers are the airlines most precious cargo. They should be treated with respect and not...
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...P2- describe the different stakeholders who influence the purpose of two contrasting businesses Describe the different stakeholders who influence the purpose of two contrasting organisations. What are stakeholders? Stakeholders are people who have an interest in how an organisation is run and the decisions it makes. The interest each stakeholder will have in a business will vary according to their ‘stake’. Stakeholders in a business benefit from their involvement with it for example: The business provides jobs and the community benefits. Employees earn money they can spend on goods and services. Customers buy the goods/services provided by the business. Government collects tax from the business. Who are the stakeholders of the two companies, what are their roles and what influences do they have on the aims and objectives of the organisation? Oxfam Owners: Oxfam is run by Charitable Trust. They have a massive influence on the aims and objectives purely because they are the owners. Managers: The managers who manage all of Oxfam’s operations are stakeholders, they have a large role as they tell each department what to do and set individual targets. They have a big influence on the whole organisation as they are responsible on keeping everyone on task and meeting targets, without this the organisation may not meet targets as well as they would like. Employees: The employees who work at the Oxfam shops are stakeholders, their role is to follow orders from managers...
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...The company I chose is Third Federal Bank. Third Federal Bank is a medium size public corporation specializing in the banking needs for a wide range of customers. The company provides services that fit the needs of all business groups. Third Federal Bank has approximately 2,000 employees and has annual revenue of $330 million with share price at $24.50 per share. The company is committed becoming the market leader providing the best innovative banking products and services while offering quality service to its customers. Third Federal bank is dedicated to doing its part in being a good corporate citizen and has established its goal to set up a foundation that directly funds health-related needs for individual children when insurance and other financial resources have been exhausted. The primary stakeholders of this company includes the stockholders, creditors, customers, suppliers and employees, they provide a unique transaction or two way exchange. The relationship between the company and the stockholders is that the stockholder invests in the firm and the firm pays a satisfactory return on investments and realizes an appreciation in stock overtime. The role of the stockholder is to exercise voting rights based on share ownership and to exercise their rights to inspect the company books and records, they have the power to have a negative or positive influence on the company, it is in their best interest to help the company achieve its goals since in the success of...
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...been at recognizing and satisfying stakeholder interests; the mechanisms available in managing relationships with stakeholders to influence the strategic direction and performance of the company; why the board of directors for Space Center Enterprises was or was not successful in fulfilling its governance role and in meeting the challenges it faced; and why Harry “Paddy” McNeely III, was or was not, qualified to fill in his father’s footsteps as CEO of the newly-merged Meritex organization, based on strategic leadership roles. Meritex Enterprises Inc. was successful recognizing and satisfying stakeholders (2010) interests in the company by diversifying into three core businesses involving warehousing, third-party logistics, and facilities modernization. The mechanisms available to senior leadership were the diversification strategies to expand business. The newly elected CEO and Chairman, Paddy McNeely’s implementation of the related diversification strategy enabled him to restructure the company, by negotiating buyout of the management company, Space Center Enterprises. Space Center Enterprises was success in fulfilling its governance role by electing Harry “Paddy” McNeely III, to the most important position in the company, the Chief Executive Officer (CEO) and resolving stakeholder conflicts. Initially, Paddy wasn’t qualified to fill his father’s footsteps because he did not have the experience in strategically leading a company. However, through his perseverance...
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...been at recognizing and satisfying stakeholder interests; the mechanisms available in managing relationships with stakeholders to influence the strategic direction and performance of the company; why the board of directors for Space Center Enterprises was or was not successful in fulfilling its governance role and in meeting the challenges it faced; and why Harry “Paddy” McNeely III, was or was not, qualified to fill in his father’s footsteps as CEO of the newly-merged Meritex organization, based on strategic leadership roles. Meritex Enterprises Inc. was successful recognizing and satisfying stakeholders (2010) interests in the company by diversifying into three core businesses involving warehousing, third-party logistics, and facilities modernization. The mechanisms available to senior leadership were the diversification strategies to expand business. The newly elected CEO and Chairman, Paddy McNeely’s implementation of the related diversification strategy enabled him to restructure the company, by negotiating buyout of the management company, Space Center Enterprises. Space Center Enterprises was success in fulfilling its governance role by electing Harry “Paddy” McNeely III, to the most important position in the company, the Chief Executive Officer (CEO) and resolving stakeholder conflicts. Initially, Paddy wasn’t qualified to fill his father’s footsteps because he did not have the experience in strategically leading a company. However, through his perseverance...
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...Study 2: Project Leadership Roles at TriHealth Yuvonne Edwards Professor Brett Gordon Human Resource Project Management – HRM517 November 4, 2012 Identify the common roles in a human resource project. Then, analyze these roles to typical human resource functions. There are projects of different sizes that have different ways and requirements on how the people are organized. In small project, little organization structure is needed. There might be a primary sponsor, project manager and a project team. But, for large projects, there are more people involved, and it is important that people understand what they are expected to do, and what role people are expected to fill. Common project roles that may be required for any project would be, Analyst, stakeholder, project managers, facilitator and the customer. The Analyst is responsible for ensuring that the requirements of the business clients are captured and documented correctly before a solution is developed and implemented. In some companies, the person might be called Business System Analyst. (Mochal, T.) The stakeholders are the direct beneficiaries of a project or service, and these people play positive roles in a project. One of the first steps in project management planning is the identification of stakeholders. A stakeholder is a person or group of people who can affect or be affected by a given project. Stakeholders can be individuals working...
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...Phoenix Nana Offei MGT498 Strategic Management The role of ethics and social responsibility August 30, 2012 Abstracts Ethics and social responsibility occupy an important place in human value system. Customer confidence in how business operates has been severely shaking by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy ethical behavior is that which is respectable in the area of moral, philosophy involves in developing, defensive and also recommending concept of right and wrong behavior. These ideas do not change as one desire” and inspiration This applies whether a company is involve with customers one-on-one, such as apple or Dell, Inc.; there are various ways to define ethics the simplest may be to say that ethics deals with right and wrong. However, it is difficult to judge what may be the right or wrong in a particular situation without some frames of reference. However” this paper will illuminate the role of ethics and social responsibility in developing a strategic plan while considering stakeholder need and agendas. In addition apple Inc. will be the example of organization drive that will overstepping the ethics boundaries for stakeholder agendas and the types of preventative measure...
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...demands ------------------------------------------------- The goal of a project may be to respond to increases or decreases in market demands. For example, car manufacturers research and design fuel-efficient cars to meet market demands for greener products. ------------------------------------------------- Customer requests ------------------------------------------------- Projects may help organizations satisfy customer requests. A call center may use a project to upgrade its computer systems based on requests for faster response times. ------------------------------------------------- Organizational requirements ------------------------------------------------- Projects can help meet changes in organizational requirements. So a company may renovate an old office building to create a new office space for its expanding workforce. ------------------------------------------------- Technological advances ------------------------------------------------- Projects may be initiated to incorporate or adapt to technological advances. A software developer may use a project to create plug-ins for the latest version of an operating...
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...operates has been severely shaking by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy ethical behavior is that which is respectable in the area of moral, philosophy involves in developing, defensive and also recommending concept of right and wrong behavior. These ideas do not change as one desire” and inspiration This applies whether a company is involve with customers one-on-one, such as apple or Dell, Inc.; there are various ways to define ethics the simplest may be to say that ethics deals with right and wrong. However, it is difficult to judge what may be the right or wrong in a particular situation without some frames of reference. However” this paper will illuminate the role of ethics and social responsibility in developing a strategic plan while considering stakeholder need and agendas. In addition apple Inc. will be the example of organization drive that will be overstepping the ethics boundaries for stakeholder agendas and the types of preventative measure that could be taking to avoid the situation The role of ethics and social responsibility Companies must consider ethics and social responsibility as critical parts inherent components of strategic plan. Ethical and social responsibility criteria...
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