Preview

Hasbro Stakeholders

Better Essays
Open Document
Open Document
1350 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hasbro Stakeholders
Stakeholders
In addition to our team figuring out the main issues affecting Hasbro and the toy industry, we decided to also reframe our ideas by taking different viewpoints. As the pictures below illustrate, we did start off by documenting the social, economic and environmental viewpoints of our company.
Social Stakeholders

The screenshot above documents our initial attempt to dealing with the social aspect of Hasbro. At our first attempt at taking this point of view, we were trying to find what social aspects affected Hasbro. We wanted to research how the social aspect affected Hasbro’s profits. On subsequent reframing of stakeholders, we began to look at the parents and children concerns of Hasbro’s business. Instead of looking at stakeholders in a Hasbro centered view we began to look at how Hasbro affected stakeholders (stakeholder centered view). This began to change our approach to viewing social issues. We started to look at how stakeholders viewed Hasbro.
Parents
Kids
Government
Human Rights
Demographics
Employees
Other Countries
Safety
Fun
Laws
China
Age range
Wages
China
Education
Electronics
Taxes
Factories
Changes
Workplace
The West As we began to look at a variety of social issues, we began to have lively debates on what was important and what wasn’t. The diverse views we took help us shape the complexity of Hasbro and the toy industry.
Kids-Demographic view: Age range for traditional toys is narrowing. The definition of toys is changing and it will affect Hasbro in the future. Electronics (video games and smart phones) are taking over the market.
Human rights-Employees (government) view: Wages, work environment and worker’s safety are all important since Human Right’s NGOs can cause difficulties for Hasbro. We later on began to see how government can be involved in this point of view. Governments (China and the US) can enact laws that will adversely affect how the toy industry operates.
Parents – Kids view: Safety

You May Also Find These Documents Helpful

  • Good Essays

    Why to Invest in Mattel

    • 1820 Words
    • 8 Pages

    Mattel is the world’s #1 toy maker with more than 30,000 employees and more than $4 billion in sales. A well-established core product portfolio has set Mattel’s established position in the toy market much higher than their competitors. Its products include Barbie, Fisher-Price toys, Hot Wheels and Matchbox Cars, American Girl dolls books, and licensed Disney and Sesame Street products are just a few that have helped them reach such great profits throughout the world. Although Mattel leads the industry, it recognizes the complexity of staying on top in a highly competitive and shifting business. While keeping their sales outlets current, toy companies must constantly seek to achieve the next big hit. In addition the rising pressure of big-box retailers, the Internet, and catalog sales have affected the direction of the industry in more ways than one.…

    • 1820 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    The Walt Disney Company is a global brand recognized throughout the world. As part of an Oligopoly market structure the Walt Disney Company works tirelessly to maintain its reputation, integrity, and social responsibility to the communities of the world through quality entertainment and communication tools for the entire family. According to Disney, “Disney’s performance in fiscal 2013 reflects the impact of the company’s acquisitions and capital investments and long-term strategy focused on exceptional creativity, innovative use of technology and global growth.” The Walt Disney Company’s plans are a part of the company’s goals which is to be the world’s leader in entertainment and communication. In order for the Walt Disney Company to keep its influence in the world of entertainment and communication, the Disney Company has continually used its revenues and profits to grow its brand name and products around the world by introducing the different cultures of the world in one location.…

    • 1754 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Stakeholders have something at risk, and therefore something to gain or lose as a result of your organization’s activity. By using their influence, stakeholders hold…

    • 1438 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Stakeholder for Staples

    • 2016 Words
    • 9 Pages

    Stakeholders are individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers1. There are several different types of stakeholders associated with a corporation, and those stakeholders can have different views and opinions on what corporation 's goals should be and how they should be running. I have interviewed three different stakeholders of Staples Inc., an employee, a customer and a stock holder, to find their relationship between them and the firm. Then, I will use this information to suggest how the firm should proceed and continue to have a better and more beneficial relationship with its stakeholders.…

    • 2016 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Hasbro, a toy company that many of us have known since childhood has grown into more than just a toy company. Founded in 1923 by Henry and Merrill Hassenfield the company that we have grown to know and love did not start off as a toy manufacture, but was actually a company that produced textile remnants and ran under the name Hassenfield Brothers. Over the next two decades the company expanded production to include pencil cases and various school supplies; it was not until the 1940’s that the company took on the name Hasbro and produced its first toy, Mr. Potato Head (Arnerson, n.d.). Mr. Potato Head was an instant success and the company only grew from there.…

    • 4398 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Stakeholders: Large Firms

    • 972 Words
    • 4 Pages

    Employees expect security, benefits and wages in return for their work. Their economic well being is fully reliant on the firm, making them important stakeholders. However, many firms exploit workers in order to generate high profit or simply replace workers with machines and technology. For example, the Taiwan iPhone manufacturer was accused of ill treatment and low wages (5p per hour) to its employees after a spate of suicides among its employees. Now the company have…

    • 972 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Disney Gender Roles Essay

    • 555 Words
    • 3 Pages

    Disney, in particular, has become a main focal point for debates such as these because of the power that they possess when it comes to young children. While it seems as though Disney attempts to maintain…

    • 555 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Coleco Case

    • 1035 Words
    • 5 Pages

    • favorable conditions toy industry • approximately 800 toy companies in the United States • diversification for reducing sales and profit volatility - only for the biggest companies…

    • 1035 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    Within the toy and game segment, U.S. retail sales of dolls totaled S3.1 billion in 2008 and were projected to grow by 3% per year to S3.6 billion by 2013. The doll category included large, soft, and mini dolls, as well as doll clothing and other accessories. The phenomenon of "age compression"— the tendency of younger children to acquire dolls that had traditionally been designed for older girls—reduced growth in the "baby-doll" sub-segment.…

    • 3236 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Inside Toyland

    • 1272 Words
    • 6 Pages

    Inside Toyland, written by Christine L. Williams, is a look into toy stores and the race, class, and gender issues. Williams worked about six weeks at two toy stores, Diamond Toys and Toy Warehouse, long enough to be able to detect patterns in store operations and the interactions between the workers and the costumers. She wanted to attempt to describe and analyze the rules that govern giant toy stores. Her main goal was to understand how shopping was socially organized and how it might be transformed to enhance the lives of workers. During the twentieth century, toy stores became bigger and helped suburbanization and deregulation. Specialty toy stores existed but sold mainly to adults, not to children. Men used to be the workers at toy stores until it changed and became feminized, racially mixed, part time, and temporary. As box stores came and conquered the land, toy stores started catering to children and offering larger selections at low prices. The box stores became powerful in the flip-flop of the power going from manufacturers to the retailers. Now, the retail giants determine what they will sell and at what price they will sell it.…

    • 1272 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Toy Story 3 Review

    • 1135 Words
    • 5 Pages

    Perhaps the most fascinating part of Toy Story 3 is not its plot, but its ability to target all audiences. Like the first two movies in the trilogy, Toy Story 3 is appealing for young viewers worldwide. In fact, it is the epitome of a children’s movie, a film about toys. Since the first movie’s release in 1995, it is almost impossible to walk into a…

    • 1135 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Stakeholder Impact

    • 441 Words
    • 2 Pages

    Stakeholder are groups of people who have interest in an organization and have the potential to impact or influence or to be impacted on, or to be influenced by the event. As good engagement with stakeholders is critical to successful event planning and delivery, therefore we should handle stakeholders and their needs carefully. If this crisis is poorly handled, it might create a wide impact on the event or even the event organization’s reputation. Therefore, it is very important to analyse each stakeholder, both individual and group, and then decide on the appropriate approach for each of them to keep them involved and supportive.…

    • 441 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Tweens

    • 443 Words
    • 2 Pages

    In the 50’s and 60’s, little girls were playing with their baby dolls and boys had their toy trucks. They had the ability to play with the innocence and the imagination of a child. The child being between the ages of birth to 14. According to Hymowitz, The Toy Manufacturers of America Facebook targets kids only birth to 10. Dolls and toy trucks have been replaced with video games and Iphones instead.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A stakeholder who is able to effectively parlay their power and influence can have a profound impact in how that particular organization conducts business on many levels which, in turn, may create some rethinking and reposturing of the mission, vision, and strategy of an organization. It is certainly in the best interest of the organization to build strong relationships with their many stakeholders so as to add value to their overall brand and image (Lawrence & Weber, 2011).…

    • 372 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    On Sept 12, 2007, members of Congress, their staff, reporters, and the general public were all gathered in a U.S. Senate hearing room to discuss the issue of toy safety, how to make it better and improve it (Anne T Lawrence, 2008). What brought about the hearing was the Mattel Company, who is known as one of the “world’s premier toy companies” and was the Global leader in the design, manufacture, and marketing of toys along with other family products had ordered a series of recalls of toys and other children’s playthings. Mattel manufactures over 800 million toys annually. They began their business in Southern California in a garage workshop manufacturing picture frames and eventually the company started selling dollhouse furniture made from their picture frame scraps and when they realized the market potential they switched their business over to manufacturing toys. In 1959 Mattel created their most famous and popular toy, the Barbie Doll. The toy was considered a doll with which little girls could play out their dreams. Throughout the history of the company Mattel has continued to create and market popular toys such as Hot Wheels and Match Box. They have also merged with successful manufacturers (Fisher Price and Tyco), they also became partners with children’s program companies (Disney, Sesame Street, and Nickelodeon), obtained rights to manufacture popular product lines (Cabbage Patch, American Girl Dolls, Fisher Price and Harry Potter merchandise) and expanded their business by acquiring other companies like (The Pleasant Company).…

    • 4195 Words
    • 17 Pages
    Good Essays