Stakeholder theory

Definition of stakeholders A stakeholder is anyone that can affect or is affected by the organisation, strategy or business project. The person or group can be internal or external, they can also be in the senior or junior level of the organisation. Most of the definitions stats that stakeholders are those who have the power to impact the organisation or business project in some way. In one of the article they stated, ‘People or small groups with the power to respond to, negotiate with, and…

2.0 Sulfur Creek Academy Summary Sulfur Creek Academy (SCA) is a non-profit organization invested in providing safe, secure learning environment for private school students working on a general educations degree (GED) in rural communities in South, Texas. SCA has selected to bring the Live Oak Community Center online for private school families as a centralized learning center. SCA is a small woman owned business, which employs four staff who specializes in software development for academic…

are doing accordingly to the plan with minimal conflict amongst different stakeholders. These intermediary organizations would translate the scientific data into information that would be relevant to the policy that the stakeholders are looking for. They would act as an intermediary in these kinds of situations, extension officers and NGOs would have to improve their communication methods in order to allow different stakeholders to understand the information…

the type of power leaders rely on when interfacing with internal and external stakeholders significantly affects how they are perceived. This is certainly true in criminal justice institutions, where employees and members of the public alike recognize criminal justice decision-makers and law enforcement agents as authoritative (Giblin, 2013). How power is carried out in criminal justice administration affects stakeholders’ perceptions of organizational justice. Formal power extends from…

Objectives within an Organisation. Briefing Sheet Introduction All organisations have objectives. Many large businesses create a “mission statement” which displays ideals and desired outcomes to potential stakeholders. There may be more than one objective for each organisation; these can range from maximising profits to becoming more environmentally friendly. Organisations The businesses I have researched are the following; J D Wetherspoon’s – A pub chain in Great Britain and Ireland with over…

According to Jerzemowska, M., (2006), there is an agent relationship when a person or a group of people, who are the principals, employ a third party as an agent to perform services or tasks on their behalf. The principals delegate their decision making powers to the agents who represent the principals. There are two main types of agency relationships that exist in a firm, namely, between shareholders and mangers, and between shareholders and creditors. Shareholders are the owners of the…

Stakeholders are referred to as anyone who has a vested interest in a business. The U. S. Department of Defense (DOD) Defense Logistics Agency (DLA) Aviation performs as internal stakeholders throughout the organization dependent upon each division to fulfill their responsibilities to fulfill their own. The Customer Account division receives a customer’s order and initiates a purchase request (PR) which is input into the system where the Inventory Management division either fulfills the…

In this module, I found the most important concept to be Interest Based Negotiations. I identified this concept to the most important because it focuses on the root cause of conflict verses what this at stake for the individuals involved. According to the Noncommissioned Officer Academy Distance Learning Course 15, Interest Based Negotiation is the practice of focusing on the interests, and not the positions of the two negotiating parties. Furthermore understanding the impact of utilizing…

DISPUTE ARISING BETWEEN THE TWO THEORIES 1. Introduction A company should pursue economic profitability in order to survive. However, today, it has been brought to awareness that a company also has social responsibilities towards a number of people working together to achieve its aim. An analysis of the shareholder and stakeholder theories has led to the conclusion that these two are very much contradictory, resulting in a debate as to which theory will help embrace good corporate governance.…

Stakeholder theory is very relevant in today’s society, especially because in order for anything to advance, people need to rely on and help each other. A deontologist would look at this theory, and even though there are some flaws, they would still be in favor of it for it a couple reasons. First, companies would be acting in ways that not only benefit them, but also benefit their stakeholders. This could include sponsoring an event because it is an event that would help many people, not only…