Business Stakeholders
Boots plc are the UKs leading health & beauty retailer and are one of
the best known names in the UK. They employ 68,000 people, own world
famous brands and sell their products in 130 countries worldwide.
Customers
Customers are interested in the type of service they are getting when
they go into the store. They are interested in what products are in
the store and whether this store has the right products for that
person at the right prices. They want to see top brand products at
good prices which cant be beat. Customers want boots to be near to
their homes or an easy route to get there.
Employees
Employees are a vital part of the boots business without them they
would not function but with them they are the Uks leading health and
beauty retailer. Employees are interested in Boots because they offer
‘a good job with Boots’ and they give good pay. The employees have a
good opportunity to work at a well known and respected company, earn
good money and it is near their homes.
Managers
Managers have a unique interest in the buisiness because they get very
good pay and they have a very commanding position which holds a big
responsibility. The managers of boot have the responsibility of making
sure the staff are working to their full potential.
Local Community
The local community have an interest in boots mainly for the service
they give. Without Boots the store around the local community would
not be able to get medicine or cosmetics from the store. When the
local community go into the store they are then customers. The local
community are also interested in how will the store look in the
community, if it was big and ugly they would not approve of the store
being there. The local community would also be bothered if boots were
throwing their waste in the river for instance. Even though they are
not doing this the local community would be very unhappy and would
This is related to Consumer Stakeholders and External Stakeholder issues. The major overriding issues a...
The NYSEG case touches upon a complicated topic: that of management of a corporation directly deciding upon and providing policies which redistribute wealth away from the corporate shareholders and into the hands of other stockholders. In this case, NYSEG’s Project Share is essentially a form of welfare where NYSEG takes corporate resources and profits and reallocates them to poor customers or customers with severe debt issues. In my opinion, what is strikingly unusual about this program is the extent to which it becomes involved in the lives of its customers. Customers identified for Project Share may receive financial counseling, help with substance addiction, and help connecting with other welfare services. The main question posed by this assignment is whether or not NYSEG’s Project Share is both altruistic and good business. I believe that it is…to an extent. In the subsequent paragraphs, I will explain my position, as well as what I believe the positions of Milton Friedman and John Boatright would be based upon the assigned reading of their views regarding corporate social responsibility.
The purpose of this report is to describe different stakeholders which influence on Apple and RSPCA. Furthermore, I will describe how each stakeholder influences on the aims & objectives of these businesses. To conclude, I will also evaluate the influences of different stakeholders in one organisation.
Stakeholders and investors are no longer only interested in financial performances, they are interested in the governance of the company like what business practices and business models are implemented, social performances, how the company is giving back to society, how costumers are handled, environment and how diversity at work placed is addressed. Hence relevant information must be provided to the stakeholders to assure them that the company has a sustainable business model (Ridehalgh, 2012).
What major technology change has had the greatest impact on the quality of your life?
Stakeholder is the different types of clients that you have as an organisation/ business. Primary clients are the clients that Havering or an organisation/business do main business with. For example, at Havering our primary clients are the residents that ones that we provide to services that we offer to. Our secondary clients would be the contractors, they are the ones that we speak to on a daily basis and help the organisation be able to provide its services, we chase work up with them that they are completing for the residents on behalf of Havering. The key client at Havering would be Havering Residents in Housing Service in other departments the key clients would also be Newham Council Residents as we are in partnership with them. External
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.
When two people cannot come to an agreement on what to eat for dinner, expecting multiple stakeholders to agree on a national healthcare system is asking the impossible. Although the subject of healthcare reform is not new, it has proven irrefutably true the adage about never pleasing all of the people all of the time. The stakeholder’s agendas vary and overlap from financial, political, personal, national, and global viewpoints, with both major and minor players clamoring for a voice. For the sake of brevity, this paper covers the major stakeholders—the three branches of the federal government, employers, employees, and private insurers. Although the turmoil surrounding healthcare reform appears intractable and differing
Stakeholders are individuals, groups, and organisations with the power to influence the delivery of an organisation’s strategy and thus the organisation’s performance and/or a significant interest in an organisation’s strategy and thus the organisation’s performance (Wisniewski, 2001; Ackermann & Eden, 2011). In the context of the draft BSC to be developed, however, the analysis shall focus on relatively aggregated stakeholder groups. Firstly, the aim of this stakeholder analysis is not to pinpoint individual persons as stakeholders who may then be managed more easily than large organisations, but to identify rather broad stakeholder groups interested in Zara’s performance. Secondly, addressing
The many stakeholders in this case include George, the city of Hondo, current employees, environment and the company. George relocated his family and stands to lose his position if the company is moved to another location. He is faced with the decision of continuing to allow the emissions to soar above the EPA guidelines, at the current location by scheduling the heavy emissions work at night, therefore causing more damage to the environment. Furthermore, should he instruct the company to relocate to the new location the environment would still be affected on the U.S. side. By continuing to be above the benchmark of emissions the environment, employees and citizens are affected. “The environmental issues managers face are not simply about trees and water and birds. These issues affect all people, including the managers themselves.” (eGuide, p.2) In addition, the employees are stakeholders because they face losing their source of income. Lastly, the company is a stakeholder because they stand to face the cost of relocating or continuing to suffer from fines. The interest for each stakeholder is a loss of monies and the environment continues to be affected.
Shiller (2003) believes that stakeholder theory suggests that corporate stakeholders are divided into external stakeholders and internal stakeholders. External stakeholders include investors, creditors, customers and the government. Internal stakeholders include managers and employees and so on. Woolworths Company's stakeholders in the process of canned processed foods are as followed:
Covey & Brown (2001) “the role of business in society has progressed over the years, from being primarily concerned with profit for sharehold¬ers to a stakeholder and community approach with a focus on corporate social responsibility”
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.
Stakeholder can be defined as “any group or individual who can affect or is affected by the achievement of the organization’s objectives”. This theory focuses on wider aspect rather than only focusing on just the shareholder. Stakeholder theory is a fundamental theory about how business works at its best and how it could work. It is concerning on the value creation and trade on how to manage a business effectively.
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.