SUNPOWER is the company specializes solar panel in California. For some reasons, the Board of Directors and CEO make a decision to move SUNPOWER company to New Mexico. The decision process will base on stakeholders and business concern. Stakeholders are important to the company. The implement decision will make by the group because the CEO and The Board of Directors believe the group decisions better than the individual. The facts: The Board of Director decides to move SunPower to New Mexico. The results of implementing the decision must be careful to evaluate. Identify and discuss consequences to stakeholders and the business concern that will be impacted by implementing the decision Stakeholders are the groups depending on the type of companies (ethical leadership, decision-making, and organizations 2016). Here is the list of stakeholders are: • shareholders, • trustees, • guarantors, • investors, • funding bodies, • distribution partners, • marketing partners, • licensors, licensees, • approving bodies, • regulatory authorities, • endorsers and recommenders • advisors and consultants • employees –staff, managers, directors, non-executive directors • customers • suppliers • the local population (community) • the regional general public • …show more content…
The discussion has two ways: dialogue and debate. A dialogue is collaborative, with the intent being to recognize and share facts and ideas. The purpose is to listen to all ideas while understanding the common ground of the various points of view. For instance; in dialogue, SunPower Board of Directors listens to all employees and gather all the ideas and information or solutions. A debate is the intent being to sell the benefits of one of ideas while finding fault with an opposing view point is not good. For instance: Some members of Board of Directors do not listen to all ideas because they try to protect their
The two primary stakeholders are the company’s customers and employees/suppliers who are directly involving in the company’s business. The two secondary stakeholders who do not engage directly with the business are the general public and environmental activist groups.
University, J. K. (2013). Case 2 The Solar Feeder. In Business Policies and Strategies (pp. 331-341). McGraw Hill .
People organization or groups that have a direct or indirect interest in a one particular organization or surrounding are called stakeholders.
Stakeholder is anyone with an interest in a business; stakeholders are individual, groups or businesses. They are affected by the activity of the business. There are two types on stakeholders who are internal and external. Internal stakeholder involves employees, managers/directors and shareholders/owners. External stakeholder involves suppliers, customers, government, trade unions, pressure groups and local and national communities.
Within my organization there are many different stakeholders. It is crucial to first understand what a stakeholder means. A stakeholder is a person who has something to gain or lose through the outcome of planning process. Within healthcare there are three types of stakeholders, those who receive health care, those who give health care, and those who manage the financial aspects of health care. Health care organizations do not face just one or a few stakeholders they hold many. Healthcare executives must learn to manage a portfolio of stakeholder relationships.
Identifying stakeholders for an intervention is essential. Stakeholders are all of the individuals who are affected by and issue or problem (BOOK). The stakeholders are going to be the individuals who can work towards changing the problem and who deal with the concern at the front lines (BOOK).
SCENARIO 3: Mi Sun the 8-year-old female is experiencing a few cultural barriers that make her situation unique. Coming from a Korean-American family means that Mi Sun and her family are viewed in their culture as one family unit as opposed to individuals in a family. Mi Sun’s culture believes a child owes a debt to their parents and must respect them at all times. Mi Sun’s family may have operated in a benevolent monarchy, and when she reported the abuse she violated all that her family believes in. The additional pressure Mi Sun may feel that is coming from the church is due to traditional beliefs that Mi Sun is not following.
There are many stakeholders in this case and each stakeholder could be affected in various situations.
The SWOT analysis of the strengths, weakness, opportunities, and threats is a summary of the good scenario that this company currently face (Peng, 2012). The major strengths that Canadian Solar presents are its capability to quickly diversify its portfolio to truly reach the needs and wants of its costumers and potential customers. The heavy investment in research and development allowed and continues to allow Canadian Solar to provide products and services with both high-quality standards and cost differentiation. The company offers to its customers a high quality of products and services with a low price. In fact, they have undertaken in many subsidiaries to produce most of its raw materials and components in a local market and countries such as China where the labor and manufacturing cost is low. Turning to talk about the weakness, according to its value chain and investment in many subsidiaries, Canadian Solar may face difficult to adapt its internal operation in order to maintain its profitability in a case its major competitor such as the government decrease the energy consumption. Moving to discuss the opportunities, the Canadian Solar has the facility to penetrate and undertake in a new country due to a strong relationship with the governments inside and outside Canada. Canadian Solar acquired the opportunity to obtain funds such as working capital to support its normal activities as well as to invest from a major bank in Suisse by does not being confined in the relationship only with Chinese banks. As the last analysis, the major threats that Canadian Solar faces are the fact that its biggest customers are the government and they are in a commodity market. These fact themselves can directly affect the demand for its products and services. The government has the power to control the
Hence, the stakeholders which are described as those who are affected by the organisation performance ,actions and duties and those actions includes employees, clients, local community and investors as well. The theory of stakeholders also suggests that it is the responsibility of firm to make sure no rights of stakeholders are dishonoured and make decisions in the interest of stakeholders which is also the purpose of stakeholder theory to make more profit and balancing it while considering its stakeholders (Freeman 2008 pp. 162-165). In the other words organisation must also operates in a more socially accountable approach by carrying out corporate social responsibility as (CSR) activities.
Stakeholders’ analysis is the analysis which tells that how the company is dealing with the people which are directly or indirectly related with the company’s operations. These are called stakeholder and they include the employee, society, suppliers, buyers, shareholders, got and other tax related companies.
Stakeholders are those groups or individual in society that have a direct interest in the performance and activities of business. The main stakeholders are employees, shareholders, customers, suppliers, financiers and the local community. Stakeholders may not hold any formal authority over the organization, but theorists such as Professor Charles Handy believe that a firm’s best long-term interests are served by paying close attention to the needs of each of these stakeholders. The modern view is that a firm has responsibilities to all its stakeholders i.e. everyone with a legitimate interest in the company. These include shareholders, competitors, government, employees, directors, distributors, customers, sub-contractors, pressure groups and local community. Although a company’s directors owes a legal duty to the shareholders, they also have moral responsibilities to other stakeholder group’s objectives in their entirely. As a firm can’t meet all stakeholders’ objectives in their entirety, they have to compromise. A company should try to serve the needs of these groups or individuals, but whilst some needs are common, other needs conflict. By the development of this second runway, the public and stakeholders are affected in one or other way and it can be positive and negative.
Stakeholders refer to individuals or groups of people that have an interest in a business. Management argues that as long as there is wealth for shareholders, then anything is done in a responsible manner and things should be done to promote the interest of other stakeholders.
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Sweet, Bill. "China's Suntech in Bankruptcy Proceedings." - IEEE Spectrum. Energywise, 12 Mar. 2013. Web. 18 Nov. 2013. http://spectrum.ieee.org/energywise/green-tech/solar/chinas-suntech-in-bankruptcy-proceedings