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The development of the world has made individuals realize that business has a role that extend beyond economic wealth creation. Businesses possess a social role since they create externalities in the environment. For instance, proper enumeration of employees compensate for the cost that workers incur in working for the company. Organizations participate in stakeholder orientation for their own benefit and for the sake of stakeholders’ satisfaction (Maurer, 2007). In this sense, the stakeholders feel that the organizations take care of their needs.
Stakeholder orientation seeks to establish sustainable economic development by working with the employees, local community, shareholders, and the larger society (Ferrell, Fraedrich & Ferrell, 2013). This has a significant impact on honesty and fairness since corporate entities manifest as partners in societal development. When organizations emphasize on the satisfaction of their stakeholders, the larger society is highly likely to respect the profit making intention of businesses. In addition, it promotes information sharing, which makes the business’s activities and intentions clear. This enhances accountability as each party enjoys the incentive to practice
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For instance, it is recognized that the “soft science” aspects of project management often lead to failures, which is the human factor contributing to the project (Pearson Education, 2000). Project managers tend to have a form of tunnel vision, believing that technical solutions will handle all conflicts or barriers to the project, failing to recognize the complex dynamics of human emotional capacity.
Corporate governance is therefore an essential component of public and private enterprises today (Mulili and Wong 2011). This paper focuses on two theories of corporate governance that have been subject of debate by many analysts on how they approach the issue of governance.
As time passes on, the roles of the accountant keeps changing. In addition, they become more diversified enabling the roles of the accountant to be viewed in varied forms of activities. Management accountant hence applies several forms of concepts and practices in the process of budgeting.
Many changes have occurred over the past many decades in the industry, most of which is evident on the technology used in the railway transport (Tobin 2012). Technological advancements have ensured that services are improved through better facilities. To ensure efficiency, the government privatised railways services.
Based on the supply chain framework the necessity of examining and evaluating the competencies of the supply chain partners and forming a strategic alliance with them for attaining a sustainable competitive advantage is explained in the paper. The necessity for change in the organisational culture for bringing out the effectiveness of the supply chain management is also discussed.
While serving the interests of a number of stakeholders, the decisions are influenced from a number of interest groups, depending upon the criticality of the policy or decision. While identifying the stakeholders, a
Among the world’s largest hotel group Wyndham Hotel Group is the largest group because of the huge number of properties that the company has. The group looks to get maximum profit mostly by franchising, which accounts for about 84% of the total profit earned by the company. The company was been founded in 1981 by Trammel Crow.
There are various risks associated to falling such as a downward spiral of limited mobility; therefore; there is a need to prevent the falls. Various steps can be undertaken towards the prevention of falls in
This process gets complicated for huge real-estate investments including personal property and real estate, and such situations make it imperative to secure a trust.
For a multimillion real estate consisting of personal and real estate property, it is advisable
In the line of business, there are other factors and circumstances that ought to be considered other than the role of making profit and it is the notion of Corporate Social Responsibility. H&M has continues to pursue policies and principles of CSR as a moral
11 Pages(2750 words)Coursework
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