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The Role of Stakeholders in the International Business - Term Paper Example

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This paper comprises the discussion on the stakeholders of international business and their role in it. This paper investigates their main contribution and effect on international business. The aim of this research is to discover how does stakeholder theory help in managing such a business. …
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The Role of Stakeholders in the International Business
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Download file to see previous pages This paper will present a detailed and comprehensive overview of the overall topic. This research presents a detailed overview of the International Business stakeholders and the stakeholder theory that helps to manage such a business. In this paper, I will conduct an investigation of the concerned parties and holdings in any other nation, in relation to neighboring situation and strategies. It offers imminent interest in together the risks and achievement issues concerned in working with overseas partners, and guides to suggestions for action. I will carry out the exploration of the major stakeholders and their precise concerns with regard to the foundation phase that leads the deal or the movements. In the stakeholder review, I will carry out a more detailed investigation of the concerns, the situation and the society scope per stakeholder grouping, through relation to the purpose of the movement with consideration to the conclusion of business.
A stakeholder is described as "any person or group who is able to pressure and is affected by the dealings, choices, strategies, performance, or aims of the organization"(Alkhafaji, 1989). An organization with a stakeholder focuses intentionally stay away from actions that would prove disadvantageous to stakeholders. The objective is not to take full advantage of stakeholder well-being but to defend it. The stakeholder outlook does not modify the goal of maximizing shareholder wealth. Such a vision is often a well-thought-out division of the firm’s “social responsibility.” It is anticipated to make available long-run benefit to shareholders by maintaining positive stakeholder relationships. Such relationships should minimize stakeholder turnover, conflicts, and litigation.    ...Download file to see next pagesRead More
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