negligent supervision and oversight on their part (Halbert/Ingulli, 2012).” “Internal stakeholders participate in the co-ordination, resourcing, but also partnerships whereas: external stakeholders contribute their views and along with issues that are important to them as patients, service users, and members of the local community (Health Knowledge, n.d. para. 10)”. In response to question 1: Who are the stakeholders? Who are the persons/entities that are generally involved in the medical industry
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new CEO of XYZ global financial services firm, which has been negatively impacted by a national investment crisis. It will include communication strategies to release to its target audience and stakeholders utilizing tools learned in Mary Munter’s Guide to Managerial Communication. The stakeholders have been identified as the firm’s employees, customers, shareholders, and the financial regulators. The shared common concerns of this group are the financial health of XYZ global financial services
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Foundation: “Competition spurs growth”- PM Modi, an apt concept which applies to our schools as well. An environment where individual schools compete for excellence will not only ensure catalyzed development but people-driven progress as well. When stakeholders drive change, it sustains. With adequate planning on objectives and aligning incentives with peoples’ needs, it can be done. Forward Path: The need of the hour is to identify key areas which are of utmost importance to improve the standards of
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business that not only according to shareholders’ wants but also have good influences for society and the environment of our planet. Knight (2015) discussed there are two points of views as in shareholder and stakeholder. Docstos (2009) post details about these two theories that stakeholder theory is businesses have corporate social responsibilities with respect to employees, customers and society at large while Shareholder Theory is businesses have only one obligation, which is to maximize profit
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Abbott Hospital Case Organizational Change Issues The acquisition and post-acquisition period for Mt. Mercy Hospital/Sister Mary Theresa’s purchase of Abbott Hospital experienced several organizational change issues. Within Dr. Belasen’s corporate communications model “CVFCC,” several quadrants became compromised. During the acquisition period, conflict arose within the realm of Investor Relations and Government Relations. Conflict continued to arise after the acquisition – specifically within
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the organization which are directly affecting the overall performance of the organization. While selecting new suppliers these stake holders always focus on their department concerns and work collaboratively to choose the supplier meeting each stakeholder requirements. • Supply chain & procurement department • Sales • R&D • Purchasing Department concerns while choosing suppliers • Supply chain & procurement department Supply chain and procurement department plays a vital role in the selection
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directors, suing wasteful managers on behalf of the corporation and approving important transactions. On the other hand, the other stakeholders such as the employees and customers have the right to make contractual claim however, the shareholders receives the larger share. Therefore, shareholder primacy is centrally focusing on the shareholders compared to the other stakeholders (Smith, p. 277-278). Even though the shareholder dominates the corporate law structure, the shareholder is mainly expressed under
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Question 4 At this point, it is easy to see that the board was not sufficiently representative of the stakeholders to meaningfully present and understand the important issues facing the company. Moreover, there was no one with sufficient technical expertise to appreciate the significance of the health issues or the biological impact on the environment. The lawyer may have felt a conflict of interest, in that he was both a director and a paid counsel. In any event, his view was limited to current
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and society are independent of one another. True False The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders. True False The instrumental argument for the stakeholder theory of the firm says that companies perform better if they consider the rights and concerns of multiple groups in society. True False The normative argument for the stakeholder theory of the firm says that the stakeholder view is simply a more realistic description of how companies
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In a report 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
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