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The Knowledge of the Essentiality of International Businesses Stakeholders - Research Paper Example

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This proposes that a course of action could be present within international organizations whereby stakeholder interests are acknowledged as primary components in the creation of performance goals. There has been an interest in stakeholder theory at the global corporate level in international organizations…
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The Knowledge of the Essentiality of International Businesses Stakeholders
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Download file to see previous pages International managers and consultants have traditionally recognized that the wide-ranging context in which international organizations discover themselves has a significant impact on the management, operations and effectiveness of those international organizations. Throughout the decades, the context of international business has been perceived and described in several ways. The context has been deliberated in relation to sub-contexts, such as economic, political, social and recently technological. It has as well been deliberated in relation to macro and micro units and strategic and functioning units, in addition to other concepts (Woodside 1996). In a primary perspective, stakeholder theory opened up yet another means to think about the context of international organizations. Stakeholder theory, or sometimes referred to as the stakeholder concept, illustrates particular individuals and/ or organizations in the international business context as not merely being several sub-contexts, publics or communities with which the global organization should work together to be successful, but somehow as individuals or organizations who have specific stakes or investments in the international venture. When perceived in this manner, these stakeholders, similar to the owners or shareholders of the global enterprise, have to a certain extent some crucial investments in the continuing operations and objectives of the international business venture, and, hence, should be considered more as if they were a fundamental fragment of the organization rather than outside constituencies (Johnson 2003).   International managers and consultants have traditionally recognized that the wide-ranging context in which international organizations discover themselves has a significant impact on the management, operations and effectiveness of those international organizations. Throughout the decades, the context of international business has been perceived and described in several ways. The context has been deliberated in relation to sub-contexts, such as economic, political, social and recently technological. It has as well been deliberated in relation to macro and micro units and strategic and functioning units, in addition to other concepts (Woodside 1996). In a primary perspective, stakeholder theory opened up yet another means to think about the context of international organizations. Stakeholder theory, or sometimes referred to as the stakeholder concept, illustrates particular individuals and/ or organizations in the international business context as not merely being several sub-contexts, publics or communities with which the global organization should work together to be successful, but somehow as individuals or organizations who have specific stakes or investments in the international venture. When perceived in this manner, these stakeholders, similar to the owners or shareholders of the global enterprise, have to a certain extent some crucial investments in the continuing operations and objectives of the international business venture, and, hence, should be considered more as if they were a fundamental fragment of the organization rather than outside constituencies (Johnson 2003).    ...Download file to see next pagesRead More
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