Know Your Business Environment Unit No. 1: The Business Environment Pervez Ghazi Shaikh Date Submitted: 31/10/2016 Carl Loraine Cruz 20154176 Target is the organization that I have chosen for this assignment. Target is a famous discount retailer in United States that was founded by George Dayton. It was formerly called Dayton’s Company in 1910.
Introduction Business Idea Stakeholders Concerns The main Stakeholders for the business would be The Customers and The Competitors. These are the ones who have a direct impact on the business of Smokeless and their actions might affect the decisions made by the business. CUSTOMERS: One of the Primary Social Stakeholders are the Customers.
4.1. Refresco Gerber Refresco Gerber is the leading European bottler of soft drinks and fruit juices, serving both retailers and branded customers. Its global sourcing and local innovation capabilities offer a nearly limitless variety of products, manufactured to customer specifications and requirements. It has long-term relationships with leading discounters and full-service retailers across Europe with a wide range of private label offerings. In addition to supplying retailers, Refresco Gerber is also a contract manufacturing partner for a number of well-known branded customers.1
Other stakeholders would be individual investors, employees, companies that do business with Boeing, companies that do business with Douglas, stockholders in Boeing and stockholders in Douglas. During the first half of the year Boeing experienced inefficiencies
Political Forces: The political stability is very important for the business to grow and last, according to that if the business has been operated in a politically unstable area, or in a country that is under a threat of wars that will lead to a loss for the business. Politics and governmental interferes is an important issue that is facing businesses and became a barrier in many situations. GAP Inc.
5. CRITICAL ANALYSIS AND RECOMMENDATIONS 5.2 The Shareholder-Stakeholder debate There is no doubt that the shareholder and stakeholder theories are both dominant theories of corporate governance. Having already discussed the pros and cons of each theory, it is now important to analyse the debate arising to be able to determine which of the two will enable better corporate governance. First of all, it is important to highlight that this debate has emerged over the last decade and has always been a concern for most advocates of good corporate governance.
We find it more beneficial to focus on the stakeholders because down the road we must ensure that we continue to increase profits. If the company is still able to create revenue, the company should keep higher positions in order to ensure a smooth order of business and job stability. It is important to think of the community and the primary stakeholders when proposing a business plan because their positive outlook of Chocoholics Anonymous is needed to create a profit. In a discussion written by Waldkirch, he discusses the models of shareholders and stakeholders. He responded that the shareholder’s model was not as strong as the stakeholder’s model because “Corporations cannot be successfully managed in the long run against the interests of its stakeholders” (Waldkirch, 2008, p. 7).
Both the stakeholder model and shareholder primacy provide views into the important question as to whose interests businesses should act in. When the interests of shareholders and that of a different stakeholder group are in conflict it is imperative for the business to know where they stand surrounding the issue of which group’s interests they should support. This essay presents the reasons behind taking a position in favour of the stakeholder model and argues that acting in the interests of the group which has the most merit surrounding the conflict, as this model suggests, is most appropriate. This is done by critically evaluating the arguments for shareholder primacy that state that by prioritising shareholders’ interests will ultimately benefit everyone and the argument that claims that shareholders are the owners of the business and their interests should thus be favoured. It also presents and critiques the argument in favour of the stakeholder model that claims that contributions are made by all stakeholders and therefore businesses should act in everyone’s interest.
Introduction This case study explores the acquisition of the Body Shop, which is one of the largest franchise cosmetics companies in the world, by L’Oreal. The main concentration of the case study aims at investigating the impact on business ethics and corporate social responsibility by the concentricity of the Body Shop and L’Oreal and how the general attitude and buying behaviour is distorted in the course of this acquisition. L‘Oreal being the big conglomerate in the cosmetics industry acquired the Body Shop International which is comparably small but having iconic brand of environmental and socially responsible concerns, on 17 March 2006, through a covenant of $1.2 billion. The combination of two brands in a newly formed conglomerate implies a combination of values, principles and associations that might affect a company’s appeal. The verity that L 'Oreal 's acquisition of the Body Shop provides plenty of potential growth opportunities is undeniable; nevertheless the question of how well the acquisition sits in the group of the world 's largest cosmetics company is another matter.
Stakeholder analysis Stakeholder are entity that will affect the organization actions, objectives and policies. There are two types of stakeholder which is internal stakeholder and external stakeholder. The McDonald’s stakeholders are customers, suppliers, employees, managers, government, local communities and pressure groups. Customers Customers are the external stakeholders of the company, no customer mean zero profit.
It has been said in the theories of ethics that if people want to act ethically, then they need to act according to duty. It has also been said in the theory of ethics that motivated the individual to perform the procedures, and not vice versa, which is, and the consequences of the actions of individuals to act right or wrong way. For example, in our case, fear of an employee in the department will be that he or she may get customers who are not satisfied very easily, and difficult to deal with, with that in mind this can help the employee to work hard and overcome or fears this could this is done only as a result of modifying the behavior of the employee. But it also must be remembered that the fear of losing (for example, one job because
Stakeholder analysis (also called stakeholder mapping) is a method of determining the levels of interest and influence an individual, group, or organization have in an information system development as defined in Bourne, (2010). Stakeholder analysis is a method that prompt project team members understand different stakeholders interests in a project and increase the chances of producing a successful product. It helps in deciding which stakeholders might have the most influence over the success or failure of project, the most influential supporters or principled opponents. De Baar (2006) elaborated it more as a technique to identify and analyze the information on stakeholders surrounding a project, their relationships, interests, and expectations
Obtain internal and external stakeholders’ commitment to the strategy and its implications Stakeholders are people who are invested in a company (time, money, employees). Internal stakeholders are directly connected to the company, like employees, owners and investors (Boundless, 2015). Employees: who have to be totally implicate in the company’s strategy, in the Ritz-Carlton this employee’s commitment start before to be selected for a job, the managers are looking for individuals with customer service talent and not skills. Since they are in contact with the guests, they are the image of the company, it highlight the importance of hiring a good team which will be in accordance with the company’s standards. Their goals are to make the budget objectives and to keep their post.
KOÇ UNIVERSITY GRADUATE SCHOOL OF BUSINESS DEPARTMENT OF BUSINESS ADMINISTRATION KALENDER AKGÜL MGMT 512: Corporate Governance Exam-I SUPERVISOR Aymelek KOZİKOĞLU ISTANBUL 2017 1 | P a g e ABSTRACT Volkswagen gas emission problem is of the major scandal in automotive industry in 2015. This paper defines the reason of scandal as a corporate governance case. The reason of problem, decision of VW management, and problem solving method is defined in this article. 2 | P a g e Table of Contents ABSTRACT ......................................................................................................................................................
External Activity The external activity explains the stage by which the teams get information to know more about their tasks and what information is needed for performing their tasks. At this stage the team gets to clearly understand what their task is then they move on to sourcing for information both inside their organization and outside of the organization .The information acquired is related to the market technology, products and the organizational culture. (Ancona & Bresman, 2007) p64-66.
