P2- describe the different stakeholders who influence the purpose of two contrasting businesses Ralph Thoresby School The school has lots of stakeholders that play a part inside the school this does not always mean that they have to be is shareholders or even that they own the business. A stakeholder can be in this case a student‚ parents‚ teacher‚ head teacher‚ government and the local area and shops. It is just someone that is affected by that business. All of these vary in the amount of influence
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Professor Freeman’s interview refers to the ‘purpose’ of a business numerous times in terms of money‚ profits and businesses making money for shareholders. Professor Freeman only ‘thinks’ this is the problem and that there is a need for business‚ profits & ethics having to link together. “Well it’s a really a little bit of both”. Freeman‚ E. (2009) Lateline Business. Profits are more important than ethics. If businesses do not make profits they would not be here today‚ therefore‚ you would have
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Task 1A. Identify the mission‚ values and key objectives of an organization of your choice and assess the influence of stakeholders The Body Shop is a public limited company they mainly specialize in beauty products‚ however they are very much different compared to regular make up brands such as DIOR‚ SHU UMERA and so on‚ they are different in a way that they use natural products and they are against animal cruelty. They use plants resources wisely. The body shop is different because of their values
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“Satisfying all stakeholders is difficult when the business is competing in mature product markets”. Discuss A stakeholder is defined as ’an independent party with an interest or concern in something’. Stakeholder groups are not all alike and therefore will want different things from a business. As each stakeholder deals with the business in different ways these needs are likely to conflict. With all of these differing needs it will be difficult for the business to satisfy all stakeholders at the same
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want in the future. The marketing department then plays an important role in taking these goods and services to market through all the channels the business sells through. This report is about identifying Argos key external stakeholders and also analysing the external stakeholders’ influence on Argos‚ Conclusion and finally‚ bibliography. History Argos is a subsidiary retailer of Home Retail Group‚ and was founded in 1973 by Richard Tompkins. It is the biggest
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1002/csr.1283 Stakeholder Expectation of Corporate Social Responsibility Practices: A Study on Local and Multinational Corporations in Kazakhstan Monowar Mahmood* and Janet Humphrey KIMEP‚ Bang College of Business‚ Almaty‚ Kazakhstan ABSTRACT Assuming differences among the stakeholders‚ the study investigated stakeholders’ expectations of different aspects of corporate social responsibility (CSR) practices in Kazakhstan. As a transition economy‚ both internal stakeholders and the government
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Various stakeholders have the right to influence the decisions that the company makes since they directly command respect from these companies. Due to the influence exerted by shareholders‚ business policies must be formulated to fit the needs of most if not all stakeholders so as to have successful businesses. Stakeholders are all individuals and organizations that are related to the company in one way or another. The term stake is usually taken to mean a portion or share in the business. Examples
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practice different types of sports‚ dance and even hire rooms to organise meetings. 2. Describe the different stakeholders who influence the purpose of these contrasting organisations. TESCO PLC In Tesco we can identify different stakeholders such as investors/shareholders (owners)‚ customers‚ employees‚ suppliers and financiers. Investors/shareholders are very important stakeholders in Tesco as they are the owners and will obviously want it to do well because otherwise they will not make a profit
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(M1) Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations Points of view of Mark and Spencer stakeholders: Customers They would usually want Mark and Spencer to produce high-quality‚ value-for-money products. Customers often identify with the brands they buy. They like to see improvements that give them better value for money. Customers would want aims and objectives that are focused on satisfying their needs as customers
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the Points of View of Different Stakeholders Seeking to Influence the Aims and Objectives of Two Contrasting Companies. Muslim Aid Aims of the Organisation Muslim Aid’s aims are to prevent poverty from maximizing and also to help raise money to those in need of it. Employees Muslim Aid is a charity organisation which is run by fundraisers. There are many stakeholders. One of them is the donors which donate to Muslim Aid’s charity along with other stakeholders like voluntary‚ people who help
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