Key Terms: * Analyse: identify components and the relationship between them; draw out and relate implications. * Appreciate: make a judgement about the value of. * Assess: make a judgement of value, quality, outcomes, results or size. * Define: state meaning and indentify essential qualities. * Describe: provide characteristics and features. * Determine: make a decision or work out an answer after appropriate thought and investigation. * Discuss: identify issues and provide points for and/or against * Distinguish: recognise or note/indicate as being distinct or different from; to note differences between. * Evaluate: make a judgement based on criteria; determine the value of. * Examine: inquire …show more content…
* Geographic: opportunities for business expansion, sales and profit. * Institutional: government, regulatory bodies and others such as trade unions and employer associations. * Legal: can be time consuming and costly, confusing and contradictory. Many laws apply to businesses. * Markets: the number of competitors in a particular market. * Political: derive from both state and federal government policies including taxation and the implementation of paid parental leave. * Social: changes in tastes, fashion and culture. Failure to respond to change can threaten stability and viability * Technological: can increase business productivity and communication. Internal: * Business culture: values, ideas, expectations and beliefs shared by the staff and managers of the business. * Location: prime locations = customer convenience + visibility * Management: ability to adapt to changing consumer needs and market conditions. * Product: types of goods and services produced, how created and monitored. * Resource management: employees, knowledge and data requirements, equipment and funds. Stakeholder: any individual or group who has an interest in or is affected by the activities of a business. * Shareholder * Consumer/customer * Manager * Employee * Other businesses * Society * Government * Innovation * Environment * Economy Business Lifecycle: *
Stakeholder – person, group or organization that has interest or concern in an organization (businessdictionary)
Firstly Stakeholder is an individual or a group who has an interest in the success of a business I delivering high results and maintaining the viability of the business’s products and services.There are internal and external
A stakeholder is a person or group that has an investment, share, or interest in something, as a business or industry. This is not just limited to someone who has purchased stock in a company, which is a shareholder.
A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments, these are groups outside of the business.
A stakeholder is anybody who is affected by the business; they could be internal or external, as well as being in contact with them very often or only on occasions.
John Kew and John Stredwick mention that Jonhson et all 2011 defines a stakeholder as “those individuals or groups who depend on the organisation to fulfil their own goals and on who in turn the organisation depends.”
A stakeholder is a party that has an interest in a company. It may affect by the business or organization actions. Typically, the prime stakeholders are customers and employees. Patagonia is eco-friendly clothes are gaining the support of consumers and non-governmental organizations in the U.S. Since the company is a certified B Corp, they provide workers with certain benefits, the community and the environment. Patagonia outdoor clothing and gear retailer is well known for sustainability. They protect the environment and inspire social change. The company overall environmental and social performance is measured and independently verified a third party. Patagonia believes that full of practice transparency will be the ones in the future rewarded
A stake holder in a business is somebody that can affect or be affected by the actions of the business. Businesses have several stake holders each. Anybody associated with a business can be a stakeholder of that business in some way.
Stakeholder is anyone with an interest in a business. Stakeholder can be individuals, groups or even organisations that are affected by the activity of the business, they include:
A stakeholder is someone who someone who benefits or is burdened by a corporation, or someone who the corporation benefits or is burdened by. (Steiner). Stakeholders are represented by two main groups; primary and secondary
The transmission of information between organizational members or parts of the organization is considered internal communication. Internal communication takes place across all levels of a company and employs a broad range of internal communications strategies such as vertical, horizontal, formal, and information communications (Grimsley, 2003-2017). Internal communications help establish a knowledgeable, democratic and training-oriented environment (Egan, 2015). As a result, the company has greater professionalism, empowerment and greater customer service.
In this assignment I will draw up a number of key documents required for the recruitment of a Finance Manager position in order to establish the correct documentation required in the recruitment process, which will then be adopted for all employment opportunities in Elite Management. I will also include the description of the recruitment documentation used in Elite Management.
A stakeholder is someone who is interested in a company or business, e.g. Tesco; they can either be an internal or external customer to the business. They may also be affected in a situation that happens to the company because they them selves may of given and invested money into the company or may just be interested in it and use it quite often. They can either have direct or indirect control of the business, internal usually being direct while external being indirect control of the business. Key stakeholders are those who draw in resources such as money
A stakeholder is someone or anyone who has an interest in the success of a business. A stakeholder can affect the businesses processes and outcomes.
The (word) stakeholder means any person with an interest in business, someone who can contribute to the company grows and success or who benefits from its success. The various stakeholders in business have differing role and their level of involvement in the enterprise varies