How to Mitigate the Risks Associated with Doing Business in Burma: A Problem Analysis

The success of a project can ultimately depend on your ability to develop the support of, and manage the expectations of, key people. The successful management of stakeholders can have a substantial and immediate impact – satisfied stakeholders can greatly improve the progress and relevance of a project and ultimately contribute significantly to its success. Undertaking a stakeholder analysis can be an important first step in managing the human and social capital resources in your project.

The illustration shows the typical stakeholders of an organization. The stakeholders are divided in internal and external stakeholders. This executive report will address the external stakeholder’s financial and operational strengths. (1)

The effective balancing of stakeholder interests requires the identification of various categories of stakeholders and analyzing their expectations and needs of the organization. The basic stakeholders whose needs must be addressed are suppliers, the farmers as customers, the consumers of the foods produced by the farmers that use the Monsanto seeds, the society in which the organization operates, company employees, shareholders, and investors. Some of the stakeholders falling in the above categories can have interests that conflict with the activities of the company (Ferrell & Hartline, 2012). An example is a case in which shareholders and investors are interested in the growth of profits; thus, showing high support for any profit-generating initiative without considering the impacts on other stakeholders.

Stakeholders are individuals or groups that partake, or assert, possession, privileges, or benefits in a, organization and its accomplishments, previously currently, and in the upcoming (Barrett, 2001). These requested privileges or benefits are the result of communications with, or activities reserved by the organization, and they must be lawful or ethical, separate or combined Stakeholders with comparable benefits, entitlements, or privileges can be categorized as fitting into the similar collection: personnel, investors, and clients (Barrett, 2001). The better the impact these groups have on client’s lives and the extra community assets with which they are assigned, and it becomes vital that they are responsible (Barrett, 2001).

The purpose of this paper is to recognize the definition and what a stakeholder is and what it does. I will also explain the two groups of the stakeholders and put the stakeholders in the group where they belong. I will explain what the stakeholders responsibilities are, what their ethical responsibilities to the company. Will explain what would be the appropriate response to the situation in the company. And finally explain what Joe should propose to the management team and how Joe should support his proposal.

People often think of stakeholders as people with a monetary stake in an organization, but not necessarily true anymore. In the past, people considered stakeholders the people with a financial stake in the organization that would receive profits from the success of the business. Today stakeholders cover a much broader spectrum of people such as funders, administration, staff, volunteers, community, and the target population (Yuen/Terao, 2003). Each group of stakeholders has his or her influence on the program plan as well as the success of a human service organization and programs services (Yuen/Terao, 2003).

In this paper, a stakeholder is the key to the program, where their decision is affected by the actions and decisions that are made by the organization. Stakeholders take interests in various areas of the operations of any business, but having a well put together program plan will help make

It is vital that every organization is able to accurately identify their stakeholders, whether it is a for profit or a non-profit organization. One of the most important reasons for identifying and understanding stakeholders is that it allows the organization to recruit them as part of their efforts and learn firsthand on their needs and requirements (Rabinowitz, 2014). We live in an uncertain world where

Stakeholders are individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers1. There are several different types of stakeholders associated with a corporation, and those stakeholders can have different views and opinions on what corporation 's goals should be and how they should be running. I have interviewed three different stakeholders of Staples Inc., an employee, a customer and a stock holder, to find their relationship between them and the firm. Then, I will use this information to suggest how the firm should proceed and continue to have a better and more beneficial

Every stakeholder have their own process and roles, it can affects or can be affects by organization’s action. All stakeholders have own satisfied and unsatisfied (appendix 2).

Stakeholders are people or groups with interest in an organization that can affect or be affected by the organization itself, its objectives, or its policies (BusinessDictionary, 2015). Each stakeholder brings their own perspective to the table based on their relationship with the organization (e.g. internal or external role), their level of experience, and their area of expertise about the subject matter they are involved with. At a high level, the list of stakeholders for any organization could include people or groups such as: customers, employees, government agencies, suppliers, unions, community resources, shareholders, and business owners. For the purpose of this assignment, I will discuss and review stakeholders relative to the

The most important goal is to have a majority, if not all, of the stakeholders in agreement with the final assessment. From reviewing the stakeholders' analysis, the project stakeholders are considered important players whom are supporters of the project. The stakeholders are predicted as being unbiased but if they see that the risks are too high, perhaps the opponents may be influenced to change their decisions. AJA Consulting Firm is not only working for the island of Kava, but for the stakeholders as well. The United States is a country that provides more freedom. Individuals have to be careful not to act like they are boasting about how much better US citizens are because this may disrespect the people. If this happens then the stakeholders may end up losing the project and a large amount of money; which could mean our vision would be lost. Our research must provide the stakeholders answers to these issues to help reduce the level of concern for the project. From a stakeholders perspective this is a huge chance for growth of the company. If AJA Consulting Firm succeeds then many other chances like this may take place and in turn become more of an international company than just a company based in the United States.

The effective balancing of stakeholder interests requires the identification of various categories of stakeholders and analyzing their expectations and needs from the organization. The basic stakeholders whose needs must be addressed are suppliers, the farmers as customers, the consumers of the foods produced by the farmers that use the Monsanto seeds, the society in which the organization operates in, company employees, shareholders, and investors. Some of the stakeholders falling in the above categories can have interests that conflict with the activities of the company (Ferrell & Hartline, 2012). An example is a case in which shareholders and investors are interested in the growth of profits; thus, showing high support for any profit-generating initiative without considering the impacts on other stakeholders.

Stakeholders are the group or number of people who are directly or indirectly related to a particular business. Stakeholders can be directors, customers, employees, government, agencies, owners, suppliers, unions and the community from which the business draws its resources (Campbell, 2002). However, stakeholders are a crucial part for the success of business. If an organisation knows it’s stakeholder, then it can determine where, there is prospect for business and also by analysing stakeholders, business can set its operational activities (Graham, 2005).

Premier 's share price had dramatically underperformed the market for several years due to no clear strategy, a restrictive capital structure and the involvement in Burma was not being managed. Especially, the military dictatorship controlled the business all the time. The second issue is whether Total will reverse their bad reputation by operating business in Burma. Total had never had a good reputation for Corporate Social Responsibility (CRS). Total was marked as a part of not taking CRS issues seriously. Even though it is been pleased by Total 's adoption of a more public commitment to social responsibility, how to ensure their implementation on it? The third issue is risk and profit in Burma. Since Burma is a military dictatorship system, the regular results of democratic elections are not accepted. Summary arrest, force labour and torture were widely reported. It will affect a company 's profit by doing business in a pariah company.