The Fall Of The Australian Education Behemoth Vocation Ltd Essay

In this assignment I will be discussing the main topic stakeholder theory, what it means to a company and how it relates to the Ginsters Company. I will also be writing about the main stakeholders in the Ginsters Company and carrying out an analysis on the company’s main stakeholders and how the company approaches the corporate social responsibility.

The stakeholder theory made popular by Ed Freeman (1984) does seem to represent a major advance over the classical view (Freeman, 1984). It might seem inappropriate to refer to the stakeholder position as neoclassical. Bowie (1991: 56-66) has defined stakeholders as a group whose existence was necessary for the survival of the firm--stockholders, employees, customers, suppliers, the local community, and managers themselves.

Parker Palmer and the Legend of Bagger Vance both connect with one another to better further our understanding of the vocational method. Palmer’s definition of vocation contains three key components to it. These components are; who am I? Whose am I? and distractions to our vocation. These three components help us to go deeper into trying to find our vocation and our understanding of what vocation is. These same three components are located in the Legend of the Bagger Vance. The Legend of Bagger Vance connects these three themes together with its own definitions and descriptions of what they are in order to better shine a light on vocation and delve deeper into what vocation is to each of us. Both Parker Palmer and the Legend of Bagger

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.

NAPLAN gives measure through which governments, training powers and schools can figure out if or not youthful Australians are meeting imperative instructive outcomes. It seems that teachers are pressured into taking time out of regular curriculum in order to satisfy the demands of the National Assessment Program for Literacy and Numeracy testing, on this basis NAPLAN has proven to be a controversial issue for Australian education as testing can cause stress and a range of adverse consequences to the education experience.

A stakeholder is someone or a group of people that have competing interests, different views and a particular interest in the Australian Curriculum. Hudson’s definition of a stakeholder is “a person or persons, a group, an organisation or a government body that has an interest in the content and/or the philosophical direction of the curriculum” (Hudson, 2013, p. 39). The greatest influence on the design and content of the school curriculum is not from parents or teachers but by businesses and governments. This is because businesses and governments are of a higher role which allows them to have the bigger and final say. Parents and teachers are also stakeholders of the design and content of the school curriculum, however they do not hold the power to have the greatest influence of the final outcome but their views and

Catholic Education Commission Victoria (2012). Catholic schools in Victoria: investing in our future. Retrieved from http://www.cecv.catholic.edu.au/publications/Investing/Investing-in-our-Future.pdf

In 2012, Dick Smith was purchased by Anchorage Capital Partners, and Nick Abboud was appointed as a chief executive officer (CEO) since then (Low, 2016a). In December 2013, it was floated into the Australia Stock Exchange for $520 million with roughly $370 million of profit (Mitchell, 2015). After Initial Public Offering, the value of

The ASX Corporate Governance Council defines the ‘corporate governance’ as the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled within corporations (Corporate Governance Principles and Recommendations, 2014). The term “failure” of a corporate can be described as “Insolvency” in Australia (Michaela Rankin, 2012). And the reasons for corporate failure can be grouped into six categories: 1. Poor strategic decisions. 2. Greed and the desire for power. 3. Overexpansion and ill-judged acquisitions. 4. Dominant CEOs. 5. Failure of internal controls 6. Ineffective boards(Michaela Rankin, 2012).

According to Hans Urs von Balthasar “a vocation is something lived, something enacted and a concrete life story” (Contino, 2004, p. 85). My vocational life story has developed over the past forty years with my first job at twelve babysitting six children to where I stand today teaching home economics at Chowchilla high school. “I build my own life story through the decisions of projects I undertake” and the choices I have made regarding my career path (Contino, 2004, p. 85). Someone looking from the outside at my wandering path might believe of my career changes seem a bit radical. Moving bicoastal, leaving a stable career of twenty five plus years to go back to college, take a pay cut and joining the unstable labor market of Home

In general ,the stakeholder approach may be more conducive to balancing a wide variety of corporate interests and thereby discouraging impropriety.Executives and boards should take the perceptions of both shareholders and stakeholders into account when formulating strategy and enunciate their stance in all organizational communications. Only within that kind of clearly delineated context, can managers be expected to make appropriate decisions. Indeed, some of the most successful businesses are those which have embraced stakeholder values for example Bodyshop. However, we see that generally, shareholder value

This paper will have a detailed discussion on the shareholder theory of Milton Friedman and the stakeholder theory of Edward Freeman. Friedman argued that “neo-classical economic theory suggests that the purpose of the organisations is to make profits in their accountability to themselves and their shareholders and that only by doing so can business contribute to wealth for itself and society at large”. On the other hand, the theory of stakeholder suggests that the managers of an organisation do not only have the duty towards the firm’s shareholders; rather towards the individuals and constituencies who contribute to the company’s wealth, capacity and activities. These individuals or constituencies can be the shareholders, employees,

In Australia the corporate failures means the “insolvency” that a company cease its business operation(Michaela 2012, 365-366). The categories of corporate failures are six possible reasons that lead the failure of corporate(Mickelwaith 2006, 2-6). The accounting theory is a way to explain the accounting practice or prescribe how accounting should be done(Michaela 2012, 133-134). Additionally, the corporate governance was defined that the framework of rules, relationships, systems and processes can be exercised and controlled by corporate(Council 2014, 3).

Anglo American hired Cynthia Carroll as chief executive officer in hopes that she would improve the overall performance of the company. Failing to meet their expectations would almost guarantee her time at the company would be short lived. As CEO she must juggle the interests of her stakeholders and make decisions that benefit the company. It can prove to be a difficult task as certain stakeholders hold more power and have more influence when it comes to making these decisions. In this paper I will be using stakeholder theory to discuss how Anglo American’s stakeholders influence Carroll’s decision. Carroll is well aware of the dangers her employees face, however she must decide whether it is in her best interest to increase safety or not. While increasing safety measures may make the company look better, it will come at great costs. Although Cynthia Carroll is facing some opposition from it’s the South African government and its employees, when taking in the interests of all the company’s stakeholders it is clear that she must keep the mines up and running without taking more safety precautions.

Career management – career management furnish workers with a chance to develop inside the association. On the off chance that workers are probably going to feel happy with their vocation administration, thus, they 'll feel persuaded to perform in inventive exercises. From this Employers pick up from having more spurred staff that will interpretation of new duties to create themselves. (Syntagm.co.uk, 2016)