A stakeholder is any individual or group who can affect or is affected by the actions‚ decisions‚ policies‚ practices‚ or goals of the organisation (Freeman 1984‚ 25). They have the interests in the activities of an organization and can be divided into internal and external stakeholders. In addition‚ there are different levels of stakeholders: primary and secondary. The level of stakeholders depends on the political‚ economic and social environment. Internal stakeholders are those from within the
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this assignment I am going to identify the purposes of different types of organisations‚ describe the extent to which an organisation meets the objectives of different stakeholders and explain the responsibilities of an organisation and strategies employed to meet them. I am also going to give examples based on my own personal experience. Identify the purposes of different types of organisation Business organisations can be divided mainly into two sectors. The private sector‚ which is formed
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With the tighter bond between business and scientific research‚ debates regarding the substantial commercial influences on scientific research are heated recently. Although it looks like that research would struggle without financial support from business (David Weatherall 2001)‚ and Pisano（2006）even pointed out that promoting new forms of entrepreneurial activities might have positive impact on basic scientific medical research‚ the majority still believe that business becomes increasingly harmful
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Steps in Identifying Stakeholders Identifying all of a firm’s stakeholders can be a daunting task. In fact‚ as we will note again shortly‚ a list of stakeholders that is too long actually may reduce the effectiveness of this important tool by overwhelming decision makers with too much information. To simplify the process‚ we suggest that you start by identifying groups that fall into one of four categories: organizational‚ capital market‚ product market‚ and social. Let’s take a closer look at
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The purpose of business activities(prepared by Lincoln Henry) Business is the production of goods or provision of service with the aim of making a profit. Production – is the process of transferring raw materials into semi – finish of finish goods. Provision – making something available. Good – is a tangible item that one can see‚ touch and that is portable. Service – is intangible‚ it is something that one can experience and enjoy. Profit – profit is cost of production minus sales
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Stakeholders The world ’ ’stakeholder ’ ’ was first used in an internal memorandum at the Stanford Research Institute in 1963. It refers to "those groups without whose support the organizations would cease to exist". There are two types of stakeholders‚ primary and secondary. The first type are those that engage in economic transactions with the business - stockholders‚ customers‚ suppliers‚ creditors and employees. The second type are those who do not engaged in direct economic exchange with
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Two Successful Business People Who Inspire Me Success is something that we all aspire to. We cannot feel genuinely happy for long if we felt like a failure within. The most encouraging reality about success is that it is attainable to all irrespective of who we are what we are or where we are. Success also has a different meaning for each one of us. Success being a personal realization should logically be achievable by all‚ but we know that this is not really so. Most of us are unable to accomplish
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Describe the type of business‚ purpose and ownership of two contrasting businesses. Type of business The two different companies I will be looking at are Tesco and The British Heart Foundation. Tesco is an organisation which produces profit by selling goods to the general public‚ they usually sell food but now they are gradually bringing in other products‚ for example home décor and clothing. Tesco has different brands within the brand itself‚ for example they have Tesco’s Finest‚ Best of British
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The Stakeholders Associated The objective of Kudler Fine Foods is to become successful with the new launch of the new Frequent Shoppers Program; to meet that objective; the company needs to consider the involvement of the stakeholders. The primary stakeholders involved in this project are as follows: * The Manager * Employees * Customers * Marketing * Information Service Department *
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Describe two opposite people In the small community of Culmersville there are only two adults that I could spend time with and never be bored. One of which was a kind lady by the name of Ms. Kelly and the other was the funniest man in the world by the name of Mr. King. Ms. Kelly is a kind person. She always teaches me to help those people who are in need and she also never got tired of helping others. For example‚ one of my friend’s family financial situation wasn’t so good and therefore Ms. Kelly
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