Stakeholder Theory In The Hotel Industry

Stakeholders are those groups, individuals and/or organizations that are worried or troubled with the operation of a business. Stakeholders are bothered by a business actions because they can be directly or indirectly afflicted by the performance of the business. Stakeholders can be separated into two different categories. One being internal stakeholders and the other being external stakeholders. Internal stakeholders are the ones that are directly affected by the way the business performs. They are individuals such as the owners, shareholders, creditors, managers, customers, and the employees. Internal stakeholders are often referred to as the primary stakeholders. They have the most to lose of the two types of stakeholders. External stakeholders

Kids Path provides specialized care from infancy through eighteen years of age. Being one of the few organizations in the U.S that provide hospice services to children they currently have over 50 patients. While the Kids Path building is not a place for the kids to live such as the Beacon Place, they do provide many activities within the building to provide help and support to children and their families. The goal of Kids Path is to allow children to live a life of normalcy. They can provide hospice services to children within their home, just as they do with adults and receive all the same services with the multidisciplinary team. This program also provides age appropriate counseling to the patient and the family as needed throughout the disease

The Varsity Reds is an open system organization because it has a link to the external environment and all the key aspects of an open system described by systems theory including inputs, throughputs, and outputs. The organization also includes an internal environment and an external environment which will be discussed in greater detail shortly. The inputs of an organization are the acquisition of external resources. An example of inputs for the Varsity Reds organization is the money it receives from UNB's operating budget as well as donations from alumni of the program so that the organization can operate. The throughputs of an organization are the processing of the inputs in the internal environment of the

The purpose of this memo is to discuss the opposing views of shareholders and stakeholders, evaluating our decision based on multiple ethical principles, focusing on Chocoholics Anonymous profitability, and ethical integrity.

Stakeholders are individuals or groups of people who are affected by the activities, decisions and strategies of a business (Pride, Hughes & Kapoor 2015, p. 10). Fourth generation family members Richard Graeter II, Robert Graeter and Chip Graeter have separate roles but are equal owners of the business, thus share the responsibility for making all the decisions regarding the direction and future of Graeter’s (Pride, Hughes & Kapoor 2015, p. 95 & 255). Graeter’s have both internal and external stakeholders.

In the following task or assignment I will be regarding stakeholders of a business, I will explain what stakeholders are, what they do, what they want, how they are involved with businesses and I will link these specific stakeholders back to the two businesses I had chosen in the previous assignment and give examples that are specific to the two businesses I have chosen.

A stakeholder, according to the Stanford Research Institute, is defined as “those groups without whose support the organization will cease to exist. (Kosnik 1).” In other words, a stakeholder is any group that if it does not support the business, then the business will not function. For this case, the Broderick Corporation is the business. The stakeholders mentioned in this scenario include upper-level management and employees of the company, such as Phil Prior and the other staff. Both of these stakeholders are considered to be internal stakeholders, or people who work directly for the company. Other potential stakeholders not mentioned in this scenario may also include shareholders, such as investors who purchase the company’s stocks,

"When most people think of corporate responsibility, they are focusing on a business 's effect on and relationship to stakeholders. A Responsible Business sees stakeholders as full partners and meaningful instruments for the evolution of healthier communities and more successful businesses” (Sanford Page number). Carol Sanford, a rhetorician, educator, and author of the novel, The Responsible Business: Reimaging Sustainability.In this novel, Carol Sanford takes her readers on a journey. She gives the inside scoop on what it’s like to be in the business world when it comes to team work, growth, and stability.

Resource 2.1.1: Wateridge, J 1995, ‘IT projects: a basis for success’, International Journal of Project Management, vol. 13, no. 3, June 1995, pp 169-172.

The aim of this case study is to investigate the applicability and functionality of organizational theories in Hilton Hotels Corporations. The first part of this case study is concerned about the compatibility between Hilton Hotels mission with its activity and purpose. Also, another aspect of this paper is to present the suitability of organizational theories referring to Human Resources Theory, System and Contingency Theory. In order to uphold this report, I will conduct a SWOT Analysis of Hilton Hotel Business. The last part of this paper presents a critically important aspect of a successful business in regards to the Hilton Hotels CSR programs and initiatives.

Someone having a stake in your project and its outcome is called a stakeholder. Stakeholders include your customers, the team members who worked on the project and the departments which will be affected by the project. Sometimes it becomes difficult to identify the stakeholders of the project. You must identify the major roles of the stakeholders. A customer of the project is a person or group who solves a problem. It brings along three very important things to a project which is the funds for the project, views about the projects and approvals for all the derivable from start to end.

There are several tools that are apparently used to understand how the environment affects businesses whether positively or negatively. However, Carpenter, Bauer and Erdogan (2010) provided the Five Forces frequently used to analyze the competitive environment of a firm which was developed by Michael E. Porter in 1979. The Porter’s Five Forces includes Rivalry, New Entrants, Buyers, Suppliers, and Substitutes. To conceptualize these forces, it is appropriate to present them in a chart and this will be actualized in the next topic below.

“You can think of a stakeholder as a person or organization that can affect or be affected by your organization. Stakeholders can come from inside or outside of the organization. Examples of stakeholders of a business include customers, employees, stockholders, suppliers, non-profit community organizations, government, and the local community among many others.” Shawn

Corporate Social Responsibility (CSR) plays a crucial role in organizations and societies. Traditionally, CSR is a management concept that has been implemented by most of the listed companies around the world. CSR is implemented by companies to be responsible for the company’s consequences on the environment and social welfare in their business operations and interactions with their stakeholders (Unido, n.d). In the other words, CSR is a program that benefits both society and business that do not provide immediate financial benefit to the company but environmental change and positive social (Investopedia,

There are several approaches to improve job satisfaction and employee engagement, first of all our recommendations to Kris Jenkins to develop job satisfaction and employee engagement of Salon Manager are, at the first stage, increasing the opportunity of promotion for the managers because fulfillment theory in order to make the employees happy you have to satisfy their wishes and demand and the more the employees earn the more satisfy they will be as (Çelik, 2011), stated. The second one is, the supervisors have to establish a strong connections with the subordinates, and the owner also need to establish a strong relationship with the managers “determination theory also proposes that in addition to being driven by a need for autonomy, people seek ways to achieve competence and positive connections to others” (Robbins & Judge, 2013 pp 208 ). The third one is managers should make decisions independently, at the same time the managers should know the organization 's goals and objectives properly. Secondly, our suggestions to Kris Jenkins to improve job satisfaction and employee engagement of Hair Stylist, firstly promotion opportunity has to be raised. Secondly, the relationship should be positive with the supervisors according to Harter and Schmidt and Killham in 2003 an effective manager is always listen to his subordinators and fulfill their needs and the managers have to find a relationship between the needs of individuals and the organization. The owner of the firm