A stakeholder’s actions determine the outcome of business decisions. This broad definition makes a lot of people the stakeholders of a company. They can be the employees who have a stake in the company’s success, or they can be the business partners who rely on the success of the business to keep the supply chain going. Shareholders are one of the most important stakeholders of any business. Ford has sustained, interdependent relationships with several distinct categories of stakeholders: employees, customers, dealers, suppliers, investors and communities. They also take seriously their relationship with “society,” which includes government agencies, nongovernmental organizations (NGOs) and academia.
The following table gives an in-depth analysis of the various stakeholders of Ford:
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• Implementation of safety programs in operations unit.
• 176,000 individuals at 80 plants worldwide.
• Offering new product test-drive opportunities to our employees, who, in turn, communicate about our vehicles to their friends and families. • Represented by unions and covered by collective bargaining agreements.
• Faces workplace health and safety challenges.
Customers • Serves more than 4.8 million customers
Therefore, Ford is part of almost every aspect of citizens in the World State lives. They respecting Ford because technology is the most important part of their society and Ford is the one who started the mechanized factory production. Likewise, the people in the World State are referred as Fordians, they worship Ford, in the same way that Christians worship
A Stakeholder is any individual who has a vested interest in a business and is affected by the organisations decisions and strategies (Pride, Hughes & Kapoor 2015, p. 10). Therefore, the people most affected by Graeter’s decisions to take a long term view of the business rather than aim for short term profits are the family members who have a stake in the business. At the present, Richard Graeter II (CEO), Robert Graeter (vice president of operations) and Chip Graeter (vice president of retail operations) manage the business and are responsible for all the decisions regarding its operations. Graeter’s management team have chosen to forgo the opportunity for short term profits by adhering to the traditional manufacturing process used by Louis
Know Your Business Environment Unit No. 1: The Business Environment Pervez Ghazi Shaikh Date Submitted: 31/10/2016 Carl Loraine Cruz 20154176 Target is the organization that I have chosen for this assignment. Target is a famous discount retailer in United States that was founded by George Dayton. It was formerly called Dayton’s Company in 1910.
Ford Motor Company's various leveled society affects the affiliation's drive toward higher execution to perform its vision of industry organization. An association's various leveled society describes the qualities, conventions and traditions that impact individual and group practices. Ford uses its progressive society to keep up a world class workforce. As the fifth most noteworthy player in the overall vehicles showcase, the association needs to keep up high productivity and convincing support for mechanical and technique headway (Khosrow-Pour, 2006). These necessities are met through a various leveled society that epitomizes Ford's vision and mission statements, with highlight on flawlessness and joint effort.
Stakeholders and businesses have an effect on one another, thereby emphasizing the importance of company social responsibility and company citizenship. Tesla’s automotive business directly and indirectly affects stakeholders. As such, it's essential for the company to keep up an adequate corporate social responsibility strategy to make sure lowest negative impact and best profit to stakeholders. With a powerful brand as a manufacturer of electrical vehicles, Tesla has vital opportunities to point out the globe what a serious international firm’s company social responsibility efforts will do to satisfy the interests of stakeholders. Tesla Motors, Inc. addresses stakeholders’ interests through a company social responsibility strategy that focuses on property and environmental friendliness of automotive products.
Introduction This case study explores the acquisition of the Body Shop, which is one of the largest franchise cosmetics companies in the world, by L’Oreal. The main concentration of the case study aims at investigating the impact on business ethics and corporate social responsibility by the concentricity of the Body Shop and L’Oreal and how the general attitude and buying behaviour is distorted in the course of this acquisition. L‘Oreal being the big conglomerate in the cosmetics industry acquired the Body Shop International which is comparably small but having iconic brand of environmental and socially responsible concerns, on 17 March 2006, through a covenant of $1.2 billion. The combination of two brands in a newly formed conglomerate implies a combination of values, principles and associations that might affect a company’s appeal. The verity that L 'Oreal 's acquisition of the Body Shop provides plenty of potential growth opportunities is undeniable; nevertheless the question of how well the acquisition sits in the group of the world 's largest cosmetics company is another matter.
It contains six elements, to include management leadership and employee participation, workplace analysis, accident and record analysis, hazard prevention and control, emergency response, and safety and health training (Program, 1996). After evaluating each of these factors, a work center is given a score to reflect which areas are compliant, and which areas are non-compliant and require action to ensure proper health and safety (Program, 1996). By using this tool, Truss Construction Shop displays that efforts are in place to improve safe working conditions, in turn removing the company from the negative media
In a competitive world market, businesses must have a thorough understanding of the processes and systems used within the company in order to determine whose interests need to be taken into account when implementing policies and/or programs. This stakeholder analysis is integral to growth and development. For large corporations which have multiple divisions and companies within their corporate structure it is essential to look at all aspects of the business model to identify stakeholders. Establishing the given responsibilities of the various divisions and the direct role they play in the economic success of the firm must also be considered. Many of the largest and most lucrative corporations in the world are those related to supporting military
(Investopedia, 2015) They are concerned in the business how much profit will be made. (BBC, 2014) The shareholders of the Leftfield Manufacturing Limited is the stakeholders in this situation. Second, for the managers, they are the
Stakeholder analysis Stakeholder are entity that will affect the organization actions, objectives and policies. There are two types of stakeholder which is internal stakeholder and external stakeholder. The McDonald’s stakeholders are customers, suppliers, employees, managers, government, local communities and pressure groups. Customers Customers are the external stakeholders of the company, no customer mean zero profit.
Ford motor company 's organizational structure is based on business requirements under the condition of different markets around the world. Enterprise organization structure defines the components and their interaction system configuration. In the case of ford, the organization structure is directly related to the status of the global auto industry. Ford 's international operations also decided against competition and the key structure components required for market risk. In this respect, as the second largest U.S. automakers ford is to show the effectiveness of its organisational structure to support continuous business growth and high performance.
The purposes of this report is to ask the question “how much does the common worker know”. Do they see all of regulation that OSHA has put in place as a standard of safety or is OSHA ingrain in the common workplace that it is an afterthought
Looking at the impact of external environment on select companies, we’ll look at both Ford Motor and General Motor companies. The Ford Motors company approximately had 14 percent market share in the U.S. automobile industry (David, 2011). The company had recovered a lot after the impact of recession in the year 2008. The company has been investing in developing vehicles which use alternate energy sources, and is having global presence and brand reputation for its automobiles. The company has received government support during the recession period, and had to cut down thousands of jobs and adopted latest machinery for enhancing the productivity of the company.
Many employers are held to high standards when stakeholders are involved. A stakeholder is any group of individual who can affect or is affected by the achievement firm’s objectives. These can include: customers, shareholders, suppliers and employees; and expanded to competitors, governmental entities, special interest groups, media, and local community organizations. Stakeholders look at an organizations ethical relationship between business and society; as well as, the organizations social responsibility attending to the needs and interests of the various stakeholders (Clark & Roberts, 2010, 513). If the employers are not taking these steps in securing their stakeholders that can lead to the organization becoming either uncreditable or will cause the organization to lose business.
Stakeholder define as a person, group or organization that has interest or concern in an organization. Some examples of key stakeholders are shareholders, employee, suppliers, customers and government. Not all stakeholders are equal. A company 's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company 's employees.