discussing the main communication problem that BP faced. First I will discuss the causes of the problem‚ second I will talk about the symptoms. Thirdly‚ I will discuss the key stakeholder groups and the issues they are concerned about. Lastly‚ I will discuss how BP can use the communication model to deal with each stakeholder group. The main communication problem that BP was facing is that Mr. Hayward‚ the chief spokesperson‚ was not very popular among the public. This was due to the fact that he
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Improving Walmart’s Corporate Image Introduction “Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen‚ well-timed‚ sincere words of praise. They’re absolutely free and worth a fortune.” -Sam Walton Like the founder of the world’s largest retail company said himself‚ Walmart has certainly appreciated everything their associates do for their business. Everything‚ including dying. While Walmart has been scrutinized in the
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Zhou MGT301 11/9/2014 Sony’s and Matsushita’s management strategies As we all known‚ Sony and Matsushita are two of the largest consumer electronic makers in Japan or even in the world. And in this reading‚ it points out the different strategies Sony and Matsushita use when they were facing the fierce competition in China ----- Matushita was accelerating its pace on stretching the supply chain in China while Sony unexpectedly decided to shift some of its manufacturing business in China back to Japan
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Describe the organisation’s current risk management policies‚ procedures and processors and comment on the strengths and weaknesses of these arrangements? The strength of these processes and policies is that it very simple‚ to the point and covers itself in most areas. The weaknesses of the policies and process is very brief and doesn’t give any definitions on what the descriptions in the flow chart boxes mean in great detail. It would be therefore a lot of emphasis on the training in order
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value’. Doh‚ J. P. and Guay‚ T. R. (2006). ‘Corporate social responsibility‚ public policy and NGO activism in Europe and the United States: an institutional-stakeholder perspective’ Donaldson‚ L. and Davis‚ J. H. (1991). ‘Stewardship theory or agency theory: CEO governance and shareholder returns’ Donaldson‚ T. and Preston‚ L. (1995). ‘The stakeholder theory of the corporation: concepts‚ evidence‚ and implications’. Academy of Management Review‚ 20‚ 65–91. Dutta‚ P. K.‚ Lach‚ S. and Rustichini‚ A. (1995)
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sales‚ however‚ Star River’s historical financial statements confirm increased days in receivables and decreased return on assets which are a poor indication of Star River’s future performance and limit its ability to gain further funding from stakeholders.
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“Please Accept BTS” The following essay focuses on how a new business idea called Behind the Scenes (“BTS”) can be systematically molded in order to minimize acceptance resistance from key stakeholders. The paper is inspired on the reading “Why Consumers Don’t Buy: The Psychology of New Product Adoption” (Courville‚ 2004). BTS consists of an application for smartphones which enables clients watching a film or TV program to identify products placed within the scenes‚ select the product from the
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that Nike have to go beyond their minimal responsibility e.g. improving working conditions - in order to maximize their shareholders’ wealth? 2. Stakeholder Theory: Stakeholder theory requires that the corporation recognizes and respect the vital interests’ of each of its surrounding stakeholders. This results in corporations proposing stakeholders’ rights and assigning related duties to recognize and respect these rights. NIKE CASE: Nike failed in recognizing and respecting the rights of employees
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between Motorola and Ericsson on the implementation of Corporate Ethics and the transformation within the corporations following the implementation of the Sarbanes-Oxley Act of 2002‚ looking at various ethic theories‚ such as stockholder theory‚ stakeholder theory‚ and legitimacy theory. Since the Sarbanes-Oxley Act‚ which was enacted in response to the Enron and WorldCom collapses and designed to restore confidence and maintain integrity in businesses. Companies are to disclose if they have a code
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well as‚ reaching their vision of‚ “to attract‚ retain‚ develop and deploy teams of people with energy‚ passion and skills.” When looking at the components of a mission statement‚ Standard Bank has used the components of mentioning their stakeholders/ customers - it is mentioned broadly‚ as they want to appeal to all people‚ with no emphasis on age‚ gender or race; Their market they want to achieve in‚ being financial services for South Africans and emerging markets – new potential clients
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