A business stakeholder is a person or entity with an interest in the economic performance and well-being of a company. For example, owners, suppliers, customers and employees are all stakeholders in a company.
Name a business in which you are a stakeholder and describe what type of stakeholder you are.
For instance, I am a stakeholder in MCCC. I am an internal stakeholder because I am an employee of the college. I have a stake in the financial health of MCCC because I want to continue being paid. I am also a service market stakeholder in American Airlines as I am a frequent flyer customer. I have a stake in their financial health because I want to be able to use the points I have accumulated.
Business stakeholders can be mainly characterized into 'Internal stakeholder' and 'External stakeholder'.
Internal stakeholders, primarily employees, owners and managers, are directly involved in the operations and strategy of the organization.
External stakeholders are groups outside a business or people who don't work inside the business but are affected in some way by the decisions and actions of the business.
A business stakeholder is a person or entity with an interest in the economic performance and...
A business stakeholder is a person or entity with an interest in the economic performance and well-being of a company. For example, owners, suppliers, customers, and employees are all stakeholders in a company. Name a business in which you are a stakeholder and describe what type of stakeholder you are.
13.02 - 2 Incorporating Stakeholder Impacts into Business Sustainability Analyses and Decisions Stylz Company, a recent start-up fashion retailer based in the United States, is deciding between opening its first sales presence in either Italy’s Tuscany Region or Spain’s Matarrana Region. Stylz’s financial group surveyed potential customers in both markets and has compiled a business plan that estimates the financial impact for the first 5 years. This 5-year financial plan estimates that entering Tuscany would generate $9,000,000 of operating income...
13.02 - 3 Incorporating Stakeholder Impacts into Business Sustainability Analyses and Decisions Stylz Company, a recent start-up fashion retailer based in the United States, is deciding between opening its first sales presence in either Italy’s Tuscany Region or Spain’s Matarrana Region. Stylz’s financial group surveyed potential customers in both markets and has compiled a business plan that estimates the financial impact for the first 5 years. This 5-year financial plan estimates that entering Tuscany would generate $9,000,000 of operating income...
13.02 - 1 Incorporating Stakeholder Impacts into Business Sustainability Analyses and Decisions Stylz Company, a recent start-up fashion retailer based in the United States, is deciding between opening its first sales presence in either Italy’s Tuscany Region or Spain’s Matarrana Region. Stylz’s financial group surveyed potential customers in both markets and has compiled a business plan that estimates the financial impact for the first 5 years. This 5-year financial plan estimates that entering Tuscany would generate $9,000,000 of operating income...
The business function designed to determine the wants and needs of consumers is referred to as: Group of answer choices a)Human Resources b)Finance c)Operations d)marketing The accounting concept requiring that an accounting system reflect information relating only to those economic events pertaining to a particular entity is the: Group of answer choices a)periodicity concept b)business entity concept c)going entity concept d)monetary unit concept For information to be useful, it must be relevant. Information is relevant when it Group of answer...
_____a. T or F: Creditors of a company are an important group of business stakeholders who are concerned about its financial condition and ability to repay debts. (If false, identify and correct the errors) _____ b. T or F: Amazon is a very successful business. It recognizes revenues (sales) when the goods ordered by customers have been shipped because this marks the point when the performance obligation has been satisfied. This is an example of the time period concept. (If...
The performance measures/metrics used to assess organizational performance are many. The measures employed by managers must be applicable/relevant and vary depending on certain issues. Once we are able to measure strategic initiatives, we can manage them. Listed below are three corporate-level strategies/initiatives discussed in class. For each corporate-level strategy/initiative listed below, offer three (3) performance measures relevant (i.e., especially meaningful) for monitoring the success of that particular strategy/initiative. Offer the measure and explain why it is especially relevant for that...
Global Airline Alliances, Airline Joint Ventures, and Network Difficulties Star Alliance (initiated by United Airlines) became the first multi-airline global network where member carriers could book seamless schedules and share frequent flyer benefits among their passengers. It was a convenient way for airlines to expand and maintain market share internationally without having to invest billions of dollars in market growth initiatives. It gave alliance partners airport access in regions where it might be difficult to obtain. Many of the partners...
A common problem facing any business entity is the debt versus equity decision. When funds are required to obtain assets, should debt or equity financing be used? This decision is also faced when a company is initially formed. What will be the mix of debt versus equity in the initial capital structure? The characteristics of debt are very different from those of as are the financial products. Their initial capitalization goal is Kshs. 50 million. That is, the incorporators have...
The most influential theory of corporate responsibility of the past century is: the free society economic theory. the neoclassical economic theory. the social contract theory. the stakeholder theory. In which of the following ideas are the ethical roots of the economic model of corporate social responsibility found? The interests of stakeholders are as important as the interests of the corporation's stockholders. Managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would...