Multi-Stakeholders Issues Assessment for Global Organizations Essay

Multi-Stakeholders Issues Assessment for Global Organizations - Essay Example The two detrimental events have been key contributors to this change. In the beginning of 2000s, eruption of corporate scandals such as Enron, WorldCom, and Tyco advocated the idea that multi-national corporations and corporate executives care little for ethics, in their pursuit of profit and wealth generation. In 2008, the global financial crisis erupted and rippled across the world, due to a wide convergence of factors in the real-estate market and secondary financial markets, causing economic collapse of many countries, state and private organizations. This crisis, initially affecting the banking industry, not only scaled to a broader economic and geographic spectrum, but also widened the chasm between Wall Street and Main Street triggering wide-spread anti-capitalism and anti-MNCs protests. In spite of their substantial differences, both of these intra and inter-company crises have at least few characteristics in common. Both crises exemplify that managerial behavior and decision -making has high risk and potential to impact a broad range of people all over the world (Clement, 2005). These crises have been major blows to the public trust in business as an institution. In addition, these financial and economical catastrophes also accentuate that the pursuit of corporate goals can be, without difficulty, unsettled by the actions and behavior of unexpected groups and individuals (Parmar, et al., 2010). These issues, driven by change, interconnectedness and globalization, indicate a need for managers and academic scholars to re-evaluate the conventional ways of conceptualizing the responsibilities of the firm and role of a manager within the company. This essentially gives rise to the need of evaluating and effectively managing needs of all stakeholders for the organization. The concept of corporate objectives focused towards a broader and diverse set of stakeholders has been studied by a number of scholars and practitioners for the past few decades. Among many ideologies, â€Å"stakeholder theory† or â€Å"stakeholder thinking† has developed as a fresh narrative to analyze and manage three interconnected business challenges — the challenge of understanding how value is created and operated, the challenge of linking ethics with capitalism and the challenge of supporting managers with tools to address the first two challenges. This essay highlights and addresses the â€Å"stakeholder approach† to tackle challenges related to business ethics, corporate social responsibility and value creation. Upon the understanding of what stakeholder approach reinstates, the essay analyzes the dilemmas, issues and recommendations in its practical applications for managers. The Stakeholder Approach The stakeholder approach in the context of strategic management was first proposed by R. Edward Freeman in 1984 (Freeman, 1984). Contrary to the customary understanding of corporate strategy, which fundamentally associates the term â⠂¬Å"stakeholder† with the owners, investors or shareholders of the organization, Freeman defined a stakeholder more broadly as â€Å"Any group or individual who can affect or is affected by the achievement of the firm’s objectives†. This was the first time that an academic study related to

Customer Profile Pape for La Perla Essay Example | Topics and Well Written Essays - 750 words

Customer Profile Pape for La Perla - Essay Example It mainly deals with sleepwear and underwear for both women and men. In particular, La Perla boutique sells bras, lingerie, pajamas, briefs and nightgowns. The La Perla focuses on distinctive categories of products that are flexible and responsive to the needs of the customer. In particular, La Perla attracts women who love gentle and feminine sensuality. Its management aims at offering the best shopping experiences for its discerning customers with flexible price ranges for the product category which can go up to $200 for a bra. La Perla boutique targets women who value their lingerie and will always desire to shop at a specialty store than a mere departmental store. In this regard, these women cherish the detailed services that focus on individualized needs, such as personal brand choices. In particular, La Perla boutique targets intricate, cosmopolitan, business women of medium to high income earning levels. They entail high-class women who range between the ages of 30 to 55. They are also financially stable and are much more independent. This target group also loves their bodies enough to set aside plenty of money to acquire items and products that bring out their splendor and sensuality. Over and above, it targets the cosmopolitan area and city center population where many high income earning customers are located. The La Perla boutique aims at using different fabric compositions for its products. In particular, it focuses on high-class, stylish and pleasing to the eye products acquired from only select fabrics. The manufacturing process of the fabric is done intricately to foster the Italian craft tradition. The La Perla boutique employs the Leavers Lace and the Soutache process, in addition to the Frastaglio techniques in designing its products. They integrate the corsetry techniques which entails the sophisticated art of boosting the feminine sensuality in socially  assorted means.  

Surrealism in American Film Essay Example | Topics and Well Written Essays - 3000 words

Surrealism in American Film - Essay Example The essay "Surrealism in American Film" discusses the American film and surrealism. Three American films are good examples of surrealism in the American Cinema. Eternal Sunshine of the Spotless Mind (2004) by Michel Gondry, Blue Velvet (1986) by David Lynch, and Spellbound (1945) by Alfred Hitchcock all draw upon the cultural movement of Surrealism in order to create their works. Eternal Sunshine of the Spotless Mind (2004) was written by Charlie Kaufman, well known for his surrealist concepts. David Lynch, who wrote and directed Blue Velvet (1986), is also a well known surrealist who has dealt at length with the theme of the illusory nature of reality. Alfred Hitchcock, whose talents for creating suspenseful films that leave the audience in wonder and shock, has long been an influence to contemporary film directors and writers for the modern interpretations of Surrealism in film. His film Spellbound (1945) is a primary example of this influence. Surrealism is a style of art that was developed to create an expressive expansion of the dreams of artists so that the internal could be expressed rather than the external repeated. For Salvador Dali, the work of the Surrealist is â€Å"based on phantasms and representations brought about by the materializations of unconscious acts†. The style utilizes what is real but puts it into an unreal framework. A good example of this type of recreation is in Salvador Dali’s Lobster Telephone, 1936, where a lobster has been substituted for the receiver of the telephone.

Marketing Essay Example | Topics and Well Written Essays - 1500 words - 24

Marketing - Essay Example Stuffed animals need stuffing. By looking at the raw material inputs that are used in stuffed animals, it was thought that these hole punch scraps can be used as alternative. The major concern in deciding on which products to choose, where the hole punch scraps can be useful is the question of volume. Hole punch scraps can only be valuable if they are sold in huge volumes. The answer to this question has been found on the stuffed animals alternatives for raw material inputs. Hole punch scraps are waste materials, that in essence when they are manufactured they are very minimal in terms of costs. The materials that are used to stuff animals like â€Å"straw, beans, plastic pellets, cotton, synthetic fibres, or other similar materials (Wikipedia 2010),† are naturally produced for the stuffing, thus maybe more costly to manufacture. The demand for these products come from children and adults who look for comfort objects (Fisher 2010). From a psychological perspective, the fascination for comfort objects has sprung up during the late 1800s when life is hard and comfort objects like stuffed animals tend to cheer people up for unique psychological situations (FoxNews.com 2008). The origin of stuffed animals businesses is traced back to practices of taxidermy, where skins of hunted animals are stuffed in order to mimic their appearances even when they are no longer alive. The demand for these products can be traced to a need using Maslows hierarchy of needs framework (Kotler & Armstrong 2004). A comfort object provides the consumer with security and partly, some social needs. During unique situations such as personal tragedies, problems and moments of loneliness, and stressful events, comfort objects somehow provide the feeling of having company as well as the feeling of being safe holding something (FoxNews.com 2008). Pricing is a

Terrorism (Historical Analysis) Essay Example | Topics and Well Written Essays - 1250 words

Terrorism (Historical Analysis) - Essay Example When a terrorist target is focused and isolated, such as when the Unabomber attacked University faculty, there is little public outcry for compassion for the victims. Yet, when the country is faced with the graphic images of the Twin Towers disaster and the massive loss of life, the social agenda focuses on caring for the victims and the survivors. Modern terrorism has presented the world with a new definition of terrorism and is in search of a new definition of victimization. Modern terrorism has its roots in the 1970s and the wave of airline hijackings during that period. This was a move away from attacking strategic targets to the taking of innocent hostages as victims in an effort to create a threatening public display (Rapoport 421). The hostage taking at the US embassy in Tehran presented a new dynamic to the American people. The media provided an endless stream of pictures of Americans being held captive and the terrorism became more personal as the public was able to relate to the victims. Religious extremism became even more apparent in the 1980s as numerous Middle East countries that facilitated terrorist organizations began to directly threaten the security of the US at home and abroad (Shuggart 29). However, until the turn of the 21st century foreign attacks against Americans would remain overseas. Because they were out of the public eye, they remained largely out of the public consciousness. The attacks were sporadic and seemed to have no log ical target. This was in keeping with the characteristic of terrorism of focusing on an indirect and innocent target that could be used as negotiating power. September 11, 2001 forever changed the way Americans would view terrorism and the way that they would perceive the victims. The 1995 bombing of the Alfred P. Murrah Federal Building was the first time that the public would mobilize to generate aid for the victims of terrorism ("A

Case study Essay Example | Topics and Well Written Essays - 1000 words - 34

Case study - Essay Example The mediator does not enjoy a determinative or advisory function, with respect to the dispute or the outcome of its resolution (Spencer & Brogan, 2006, p. 8). NADRAC’s model of mediation entails a neutral third party intervention, vis-Ã  -vis the dispute in question. It facilitates the disputants to arrive at an agreement. Considerable variation can occur, with regard to the extent to which the mediator intervenes. However, this does not extend to deciding the outcome. The mediator can suggest methods for resolving the dispute (Astor & Chinkin, 2002, p. 84). Several means of procuring the assistance of experts are available to disputing parties. In general, these entail the third party conducting an independent examination of a few of the circumstances of the dispute and providing a report of such investigation to these parties. On occasion, the mediator could also provide advice regarding desirable, probable and possible results (Astor & Chinkin, 2002, p. 89). The mediator conducts an investigation of the dispute and furnishes advice regarding the disputed facts. As such, expert appraisal provides an independent, impartial, and objective evaluation of the disputed issues. This is made available by an expert appointed for this purpose by the disputing parties (Astor & Chinkin, 2002, p. 89). The expert cannot make recommendations, although further negotiations can be based on his opinion. Nevertheless, he can employ the findings to suggest desirable, probable and possible outcomes to the dispute. Upon the parties consenting to the factual findings being final and binding, the process acquires a determinative aspect (Young, 2001). For the above scenario, I employed the Expert Appraisal and Determination method of Alternative Dispute Resolution, as the dispute requires an expert opinion regarding the absence of air bags in the car. Since there are no precedents in this area, an expert can provide a suitable solution to the problem, after

New look on Globalization Essay Example | Topics and Well Written Essays - 2000 words

New look on Globalization - Essay Example New look on Globalization Globalization as a process is looked from a broad perspective. It had come about due to the continuous strong influence by the economy worldwide, social and cultural aspects weighing out the national and regional processes (Beck, 2000). This process is not new. It has historical roots running deep. However, a change in the world in the form of space and time due to the revolution in communication and information signifies a qualitative breakthrough from the past. Globalization has therefore greatly underway globally (Mittelman, 2000). The support got a high rate of change in technology, by price, trade liberation, and through growing advantages of supranational rules, exposing national economies to an intensive competition. Globalization has therefore been seen as being caused by a change in the views of the world, products, ideas, and cultural aspects (Weinstein, 2005). Transportation and telecommunication advancement, including telegram and internet development are all main factors of globalization, forming more interdependence of cultural activities and economy. From the advancement achieved by the countries nationally and internationally, I view globalization as something with historical background, evolving culturally and economically, forming ancient, early modern and late modern stages. Beck (2000) is one of the people who have talked extensively on this concept of globalization, and he argues that globalization is a process that existed many years ago, and it began with the voyages of Vasco Da Gama.