Stakeholders refer to individuals or groups that can affect or are affected by the actions of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Stakeholders refer to individuals or groups that can affect or are affected by the actions of the organizations. - It is one of the biggest challenges to effectively balance the needs of various stakeholders. An organization needs to recognize and address the concerns of its stakeholders (such as employees or customers) in an ethical and fair manner, so that they are satisfied. This sound good in theory, but how can managers go about this in practice? Students are to critically compare and present the importance of different stakeholders Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients. - Richard Branson PRESENTATION INSTRUCTION In comparing the above 2 different perspectives. PUT THE CUSTOMERS FIRST, THE EMPLOYEES SECOND, AND THE SHAREHOLDERS Choose any ONE (1) industry THIRD. JACK MA Select ONE (1) specific company in that chosen industry ♫ Based on your selection, which stakeholder (employees OR customers) is the most powerful in influencing the business of that particular company? Justify, argue and explain your answer. Your argument (explanation) must include below information: Power that the stakeholder has over the company/ industry. ▪ How the chosen stakeholder help the company gain a competitive advantage? ▪ As a manager of the company, what would you do to ensure the chosen stakeholder will remain and loyal to your company? Stakeholders refer to individuals or groups that can affect or are affected by the actions of the organizations. - It is one of the biggest challenges to effectively balance the needs of various stakeholders. An organization needs to recognize and address the concerns of its stakeholders (such as employees or customers) in an ethical and fair manner, so that they are satisfied. This sound good in theory, but how can managers go about this in practice? Students are to critically compare and present the importance of different stakeholders Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients. - Richard Branson PRESENTATION INSTRUCTION In comparing the above 2 different perspectives. PUT THE CUSTOMERS FIRST, THE EMPLOYEES SECOND, AND THE SHAREHOLDERS Choose any ONE (1) industry THIRD. JACK MA Select ONE (1) specific company in that chosen industry ♫ Based on your selection, which stakeholder (employees OR customers) is the most powerful in influencing the business of that particular company? Justify, argue and explain your answer. Your argument (explanation) must include below information: Power that the stakeholder has over the company/ industry. ▪ How the chosen stakeholder help the company gain a competitive advantage? ▪ As a manager of the company, what would you do to ensure the chosen stakeholder will remain and loyal to your company?
Expert Answer:
Answer rating: 100% (QA)
the industry I have chosen is technology The specific company I have selected is Google I believe that employees are the most powerful stakeholder in ... View the full answer
Related Book For
Posted Date:
Students also viewed these biology questions
-
Only two firms, ABC and MNO, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of $4 and zero fixed cost. Price...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Two basic assumptions of technical analysis are that security prices adjust: A. rapidly to new information and market prices are determined by the interaction of supply and demand. B. rapidly to new...
-
Crystal Cola produces a lemon-lime soda. The production process starts with workers mixing the lemon syrup and lime flavors in a secret recipe. The company enhances the combined syrup with caffeine....
-
Reposition the riser in Problem 1 so that it sits directly on top of the flat rectangle, with its bottom circular surface being part of the surface of the casting, and recompute the size and yield...
-
Widget, Corp., completed the following inventory transactions during the month of January: Requirements 1. Without resorting to calculations, determine which inventory method will result in Widget,...
-
1. Analyze the facts of the case with respect to the AICPA Code and explain any perceived deviation from ethical standards. 2. Assume Miller Energy is considering bringing a lawsuit against KPMG for...
-
Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.6 pounds of the material, Ike uses 2.1 pounds of the material, and Bix uses 6 pounds of...
-
The phone at Mermans Costume Rentals rings, and Annie Oaklea, head of costume inventory, picks it up and answers a query by saying, Let me take a look at my inventory cards. Sorry, it looks as if...
-
You are anxious to put Jose's maintenance crew to work. They have plumbing and general construction skills, so you assign them to activity 1.1 (Demolish walls in the expansion space). They finish...
-
Assume: a company has a portfolio of five investment projects Project 1 Project 2 Project 3 Project 4 Project 5 Peer Group Market 2007 -4.00% -4.15% -12% -17.75% -10.50% -7.35% -3% 2008 -7.23% 1.22%...
-
During the year, Sheridan's total liabilities decreased by $114,000. The company reported net income of $102,600, sold additiona shares for $142,500, and did not declare any dividends during the...
-
Now that you have completed the Interpersonal Skills Project this semester, let's take some time to reflect on all that you have accomplished. Consider your experience with the term-long skills...
-
Who is in your mind, a speaker in any time of history, who you liked in terms of their speech and delivery, and explain why you thought they were effective, inspirational, etc.
-
Find an example of data/claims related to your interests or your work. https://www.wral.com/survey-finds-7-of-north-carolina-teachers-plan-to-quit-after-this-school-year/20319953/ required Summarize...
-
Solve the equations ye -ty dt+te-tydy = 0. (tan y + t)dt + (t sec y - 1)dy = 0. dy dt +y=ey-. t +In y)}dt++ In + In y)dt + ( + Int)dy = 0, y(1) = 1.
-
Let (X. A. p) be a measure space. Show that for any A,B A, we have the equality: (AUB)+(An B) = (A) + (B).
-
If youre in the process of making a career choice, you need to have a firm grip on your own abilities, preferences, and limitations. This is particularly true for recent college graduates, who are...
-
Some experts report that employee engagement has become the new Holy Grail for many organizations or that it has long been the Holy Grail for creating thriving and successful organizations. Robert A....
-
During the 2020 COVID-19 pandemic there was disagreement about the need for face coverings. Some people thought face masks should be required for everyone all the time, others thought face masks...
-
For the system methanol (1)-methyl acetate (2), the activity coefficients for components 1 and 2 are represented by where \[ \begin{aligned} \ln \gamma_{1} & =A x_{2}^{2} \quad \text { and } \quad...
-
Deduce the Gibbs-Duhem-Margules equation for a binary solution starting from Raoult's law.
-
The vapour pressure of acetone, acetonitrile and nitromethane can be represented by Antoine equations as \[ \begin{aligned} & \ln P_{1}^{\text {Sat }}=14.3916-\frac{2795.82}{T+230.0} \\ & \ln...
Study smarter with the SolutionInn App