www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
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Identification of the main problem 5 1.1 Summary 5 1.2The strategic development of Ryanair 6 1.3 The main problem and resulting questions 8 Step 2: Gathering the facts 9 2.1 Environment 9 2.1.1. Macro environment 9 2.1.2 Meso environment 11 2.2 Strategic capabilities 13 2.3 Competitive strategy 14 2.3.1 Robustness 14 2.3.2 Cost efficiency 15 2.4 Economical information 16 2.5 Expectations and purposes 18 2.5.1 Stakeholders 18 2.6 Overview derived facts: SWOT 20 Step 3: Alternative courses of action 21
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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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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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STAKEHOLDER THEORY: A LIBERTARIAN DEFENSE R. Edward Freeman and Robert A. Phillips Abstract: The purpose of this paper is to suggest that at least one strain of what has come to be called "stakeholder theory" has roots that are deeply libertarian We begin by explicating both "stakeholder theory" and "libertarian arguments " We show how there are libertarian arguments for both instrumental and normative stakeholder theory‚ and we construct a version of capitalism‚ called "stakeholder capitalism
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impact on the company.( Oxford University Press‚ 2007) Porter’s Five Forces: will determine the competitive intensity and therefore attractiveness of a market. (Porter‚ 2008). Finally it will be discussed the company’s ability to interact with its stakeholders. Background and company’s mission statement Jet2.com Limited is a British low-cost airline founded in 2002 based at Leeds Bradford Airport‚ England. It operates services from eight UK bases to 54 destinations. “Our aim is to be the safest
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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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Ryanair Contents Introduction 2 Case analysis‚ identification of key issues 3 Shareholder Prioritization 3 Alignment with environment and Resources 5 Competitive Advantage Reinforcement 5 Direction 6 Scope 7 Resources 7 Organization 8 Problem statement 8 Set of possible courses of actions 9 Standing seats 9 Only one toilet in every aircraft 10 Slim staff‚ smaller magazines‚ and less ice cubes 10 New technology for gutter oil to reduce fuel costs 11 New routes flights and additional
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Date: 9 March 2014 To: Ryanair Holdings‚ Plc From: Master Mind Consulting Subject: Overview issues of Ryanair management and the actions should be taken to overcome the problem. 1.0 Introduction Our group will be outlining the internal issues faced by Ryanair such as inappropriate advertisement published by Ryanair‚ poor customer service‚ inconvenience airport location‚ poor incentives system and management style of Ryanair. So we will discuss these issues and provide some of the recommendations/actions
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framework33. SWOT analysis of Ryanair44. Challenges and recommendations for the future75. References81. BackgroundThe subject of this report is Ryanair - the first Low Cost Carrier in Europe - which was founded in 1985 (Ryanair.com History 2008). The firm began operations with a staff of 25 and a single 15-seat airplane flying between Waterford and London. In 1986 Ryanair received permission to begin flying four flights a day on the Dublin-London route. In doing so‚ they challenged the monopoly of British
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