Stakeholder Concerns : Corporate Management

Another challenge for companies when considering social responsibility is the possible negative perception of shareholders. Historically, publicly-owned companies had a primary focus of maximizing shareholder value. Now, they must balance the financial expectations of company owners with the social and environmental

The main purpose of this research is to assess the overall social vulnerability, and resilience in the coastal communities of the US Gulf Coast States, and in-depth assessment of vulnerability in the fishing communities in the states of Mississippi and Louisiana to provide national and state marine resource decision makers with an improved understanding of the complex ways in which Ocean Acidification (OA) may affect ocean ecosystem and human communities to facilitate adaption to OA. The research outcomes will be useful for the stakeholders such as the Coastal Research and Extension Center, Mississippi, Mississippi-Alabama Sea Grant Extension Program, the fishing communities

Certified B-Corporations are much more closely related to the Stakeholder Model rather than the Economic Model. In the Economic Model, the main goal is to maximize profits for shareholders. Executives have the option to contribute to society, however, this option is only considered if it is in the best interest of the companies’ shareholders. In the Stakeholder Model, the main objective is to benefit a wide range of people. Through this model, managers have a responsibility to everyone who is interested in the success or failure of the company. They are responsible for much more than just the stockholders. As a manager in the Stakeholder Model, you have an obligation to maximize profits without causing harm. This makes the Stakeholder Model

Generally speaking, socially responsible investors spur corporate practices that advocate environmental stewardship, consumer protection, human rights, and diversity. Some shun businesses specialized in alcohol, tobacco, gambling, pornography, weapons, and/or the military. The focus of concern recognized by the SRI industry can be summed up as environment, social justice, and corporate governance — as in

In a narrative format, discuss the key facts and critical issues presented in the case.

Ethical investments are similar to traditional investments with only one difference. Both traditional and ethical investors pursue the same goal of capital gains, higher income and/or preservation of capital for future needs. "The major difference between traditional investors and ethical investors is that ethical investors do not want their investments going for things that cause harm to the social or physical environments. Instead they want their investments to support needed and life supportive goods and services"(Kingswood Consultants ). In this paper I will explain what ethical investments are, why ethical investments are so significant, what was the past stand on ethical investments, the current stand on ethical investments and

There are various definition of stakeholders by many scholars. According to Bryson (2003), stakeholders are defined as persons, groups, or organizations that must somehow be taken into account by leaders, managers, and front-line, who can affect or is affected by the achievement of the organization’s objectives. Furthermore, stakeholders are the suppliers, customers, employees, stockholders and the local communities who contributes positively for the growth of any business by having claim in an enterprise (Langtry, 1994).With respect to the annual report of Tesco (2016), stakeholders are defined as group of people (customers), colleagues, shareholders, and supplier partners who have a solid governance framework which helps in rebuilding

Stakeholders are either a person or a group of people that hold an interest in the business; this could be an interest in the product or services, or the operations of the business. There are different types of stakeholders, this include the employees of the business, the customers, the suppliers, the owners, local people, the government and the trade unions. Stakeholders have a huge influence on business, they can change a lot of the operations if they are unhappy, and the business must make an attempt to fulfil their wishes to have an effective company.

Globalization can affect stakeholder coalition building either negatively or positively. Caughlin noted that the level of communication from the overall result of a stakeholder or group of stakeholder’s significantly influence the relative power and conviction for a particular outcome which will greatly affect the costs of the decision making process as well as time (Caughlan, 2002). In building a stakeholder coalition one’s abilities to attain own

Socially responsible investing (SRI) is an investment strategy that incorporates social, environmental, and ethical considerations into the investment decision-making process. According to Renneboog et al. (2008a), “Investors in SRI funds explicitly pursue two types of goals: the economic rational goal of wealth-maximization and social responsibility.” That is, investors pursuing a SRI strategy attempt to “do well while doing good”. The introduction of non-financial screening criteria into the investment decision-making process raises the question of whether investors must forgo financial performance in order to invest according to social values. Answering this question is the key contribution of this study.

Stakeholders are individuals or groups who have an effect or are affected by the activities of an organisation. The stakeholder approach means that the business focuses on the needs of its main stakeholders. These can include the local community, employees, customers and suppliers and can focus on environmental issues, regular orders and security of employment. In contrast to this the shareholders approach focuses on giving a good sized dividend to shareholders, which means the business objectives would be based on getting more profit.

Stakeholder analysis is an integral part of what determines a business’ success. Within every business, there are various stakeholder groups that have individual specific needs. Each stakeholder group has to be consistently considered by the company when it makes decisions. Over the course of five weeks, students made decisions to help guide K-Tai, Inc. with its stakeholder analysis and corporate social responsibility (CSR) efforts. Several conflicting decisions were considered and a thorough analysis helped the CREO office come up with the best possible solutions to the company’s problems. The CSR simulation was an excellent tool to help students understand the importance of ethics in business and how to address the common issues that businesses face in today’s society.

INTRODUCTIONThe introduction of the concept of stakeholder theory can be traced back in the 1960s (Stoney and Winstanley, 2001),however the concept gained grounds with the publication of Freeman’s (1984) book, Strategic Management: A Stakeholder Approach. Till now most writers with stakeholders as a central theme have shown numerous theoretical and empirical studies about this concept (Donaldson and Preston, 1995). The concept about stakeholders in an organisation is very paramount, however, far too less work have been shown to consolidate and implement the study, that can help the realistic use of stakeholder management in our contemporary firms (Donaldson and Preston, 1995). This essay strive to critically evaluate how stakeholder management can have impact on business and management practices and decision making. In answering this question, this paper will attempt to air the view of other relevant articles or authors to solidify, yet a demonstrative approach to successfully manage stakeholder relations. HOW TO IDENTIFY A STAKEHOLDER AND IT’S IMPORTANCEThe first issue under stakeholder management is to identify your stakeholders, in short, who are the relevant stakeholders in an organisation?…..ref.. (Mitchell et al., 1997) in their previous work has identified stakeholders in different and various ways, nevertheless, Freeman (1984, p. 46): has given a well noticed definition for as “A stakeholder in an organisation is (by definition) any group or individual who can

• Critically analyze the impact of recommendations and regulations of corporate governance on organizations within a global context

Access to capital enables a company to grow and make timely investment. Companies with good CSR standing are likely able to secure equity and debt capital with most ease. The growth emphasis in Socially Responsible Investment (SRI) is a clear indication of likely future trends