Stakeholder Theory Application

Stakeholder theory, popular in the sass, advised that corporations should look beyond the shareholders theory of profit minimization, and take into consideration other stakeholder groups that the company is associated with, and have involved in their legitimate interests or contribution to the company (Ninja and Howell, 2011). Groups of stakeholder might be customers, employees, suppliers, authorities, shareholders etc†¦ Yet they share the different but significant influences in business operations and take into account responsibilities to work for their interests which elates to the company. This critical review aims to understand the conceptualization of stakeholder theory in business ethic model, address the argument/challenge circulate the application of the theory, and criticize to find a solution or suggestion for the dispute in the limitation of individual work.Business ethic model is a form of applied or professional ethics which can be assigned into all aspects of busin ess conduct, possibly individual's manner or organization's culture, controlling the way of working as well as behavior. Within the context of business ethic model, stakeholder theory acts as a managing tool for managers to resolve conflicts from reciprocal to antagonistic influencing powers inside or outside the company. A business ethic model may vary from low to high level of compliance.Once noticed the groups of stakeholders and their level of interest/association with the company, managers can also leverage their priorities' supervision in motivation as well as attempt to resolve the conflicts in orders. In another words, stakeholder theory is serving the business ethics as boosting up the equitable capitalism and co-produce the Corporate Social Responsibility (CAR) internally and externally (Kale, J. , 2006) One of the main arguing points in the application of stakeholder theory to business ethic model is the implementation of this tool in the complicated reality of business e nvironment.Stakeholder groups are various in ranges and diversified in competing interests. In the ethic model, it is more and more complicated with the term subjective â€Å"moral† which is belonging to the very own perspectives of individual/organizations to set a specific standard. Then how ND which measures should company take to detect, use and control those valuable source of information to achieve maximized productivity from stakeholders? If it is possible to employ the tools, then could the company balance all these differences to achieve stable and sustainable stage of interests?Kale discussed that â€Å"the manner and depth to which any particular interest should be served can be determined on the basis of nature and degree of the (role-specific) responsibility involved† (Kale,J. 2002). SUGGESTIONS FOR INFLECTING TOOLS The result of this determination process can be found in the criteria that business eight set for themselves in the attempt to set up competin g interests, in according with their strategy, business model and organization culture.Obviously, in the nature of business, the most powerful and influenced stakeholders, defined by businesses, are the persons will take lead to the organization's operation. However, with what standard that the business uses to detect their substantial groups of stakeholder is a challenge for each organization's own culture. Once the corporation identify groups of stakeholders and their interests, it is necessary for it to create value proposition ND propose for the groups, typically in finance benefits (price, volume, target, etc†¦ , functional activities (productivities, choice of flexibility, etc†¦ ) or emotional interests (security, trust, etc†¦ ). This value proposition then needs to be balanced with the â€Å"return on investment† perspective of business; in another word, business need to determine what they are seeking from each stakeholder group. It is important and cri tical for the company after this assessment stage that they should compare the capabilities needed with offers of interests they have to create a profitable model to engage the trade-offs among groups of stakeholder.This tool helps become a mean to manage and track competing interest and return on investment for the business in accordance with a set key performance indicators established from the beginning. CONCLUSION Stakeholder theory is applied to business ethic model as a useful tool to identify and manage competing interests within the business ethic environment. It is discussing successfully in this review about the possibility and method that business use the theory as an implementing tools and applicable standards to identify interest and capture the returned benefits.

Prolific effects of civil war on medicine Research Paper

Prolific effects of civil war on medicine - Research Paper Example Period prior to war During the time prior to the civil war, medical personnel’s received minimal training. Even those doctors who had attended medical institutions were poorly trained. This is because in America, medical students received only two years or less of training, gained no clinical or laboratory training experience due to lack of instructions. When civil war began in 1861, the army had only 98 medical doctors, and Confederacy had 24. The army recruits received only physical examination giving room for soldiers to enter the federal army camp with physical defects and chronic illnesses that would affect their performance at the battlefield as soldiers. The newly recruited soldiers were sent to large camp to gain skills and learn how to become soldiers. The first challenge they faced was disease even healthy soldiers were affected by illnesses that easily spread due to large concentration of people in the camp. In addition, the spread of these diseases was aided by poor diet of soldiers and unsanitary conditions in the camps which led to many people succumb to diseases such dysentery and diarrhea. According to statistics given by Shryock on his website (1962), they represent the real and grave statistics of deaths and wounds incurred by the soldiers in the Civil War and how medical doctors dealt with these numbers. During the battle of Gettysburg, the Union medical corps was armed with 1,000 ambulances, 650 officers, and 3,000 drivers but within 3 days, 21,000 soldiers were wounded. This left each surgeon with 900 patients that they were individually responsible for. According to Shryock report on its website (1962), these incredibly large numbers led to many amputations due to infections. This professional medical historian, one of the first of his kind, explores the fact that medical professionals of the 1860’s did not have a good understanding of bacteria. Since then, ‘cumulative experience’ of those doctors led to the improvement of techniques in medicine. Shryock gives a reflection of how severe the wounds of the Civil War were and how medical profes sionals used what they had available to treat them under great stress. This assisted

Edward Estlin Cummings Research Paper Example | Topics and Well Written Essays - 1500 words

Edward Estlin Cummings - Research Paper Example He was named after his father although he was called by his middle name by the family. His father was a successful man as once he was a professor of Sociology and political science at the Harvard University before proceeding to become a renowned minister of a church located in Boston. This gave Cummings the opportunity in education and development as compared to other children because his father knew the value of education, therefore, doing all he could to provide the opportunity to his children. Cummings spent most of his time with his mother Rebecca s and sister, Elizabeth as they were the ones closets to him. This was when his destiny in poetry was predicted because he did a lot of writing as directed by his mother. In addition, he started writing poems under the watchful of his mother who directed on him on things to do and things not to do. He was a smart boy, and his mother encouraged him to write more poetry everyday. His home environment encouraged his poetic attitude as he h ad the opportunity to be affiliated with philosophers like William James and Josiah Royce who were family friends. Cummings went a head with his education and graduated from the Harvard University in 1915 with a certificate. Cummings from an early age studied Latin and Greek, and this explains his affinity for later works like XAIPE which is a Greek word meaning â€Å"Rejoice†, â€Å"Anthropos† a Greek word meaning â€Å"human† and â€Å"Puella Mea† a latin word â€Å"my girl†. ... This was when he started active participation into his life long career of writing and composing poems. Later life (Biography) Cummings attended Harvard University where he got a B.A. degree in 1915 and proceeded to obtain his Masters for English and Classical studies in 1916. Cummings labored on the newspaper of the school alongside Dos Passos and S. Foster Damon who were fellow Havard Aesthetes. During his final year at Havard University, the influence of writers such as Gertrude Stein and Ezra Pound was so great. He graduated magna cum laude in the year 1916, delivering a commencement address that was controversial entitled â€Å"The New Art†. This is the speech that gave him the first taste of notoriety since he was able to give a false impression that Amy Lowel, the well-liked imagist poet whom he so admired was â€Å"abnormal†. These chastised Cummings in the newspapers. He turned to poetry as he was ostracized because of his intellect. On September 21, 1917, he a nd his friend William Slater Brown got arrested as they were suspected of espionage. They both expressed anti-war views openly, and Cummings specifically talked of his lack of hatred towards the Germans. They were detained in a military detention camp where they languished for three and half years. He was released from the camp on December 19, 1917 due to much intervention from his father who was politically connected. He returned to United States in the year 1918. Later he was taken into the army where he served at the 73rd Infantry Division at the Camp Devens, Massachusetts until 1918 November. In 1921, he returned to Paris where he remained there for two years. He later moved on to take his new job in New York City where his role was to write

Experiencing Long-term Care, Rehabilitation & Recovery (BSc Adult Essay

Experiencing Long-term Care, Rehabilitation & Recovery (BSc Adult Nursing) - Essay Example The study focuses on two themes that are important to understand long term conditions and long term care. These themes are; self care/self support and supported care management. Self care/ self support involves persons with long term conditions managing their own care plans without much help from others for instance nurses and other professionals. This concept is known as â€Å"expert patient† and it is based on the premise that the person with the condition or disease understands it better than health care professionals. These patients have more knowledge about their conditions and have therefore learned ways of managing them. The patients undertake programs which provide information, resources and ways of developing relationships with healthcare bodies. This approach has demonstrated benefits for patients because they possess more knowledge of their conditions, ensures participation in decision making and get involved in the symptoms management processes. Although the concept of â€Å"expert patient† has its advantages, we must always be mindful of leaving some patients feeling abandoned and neglected when they are not able to manage skills and information they have been provided with. It is therefore advisable for patients to enroll in the supported care where nurses and other professionals are able to take care of both their personal and health needs. This is the reason that there must be a partnership with the patients, nurses and other professionals. The second half of the twentieth century brought a realization that due to the increase in numbers of people living with long term conditions (LTC), health care needed to be improved with an emphasis on patients being empowered to become decision makers in their care (Margerson, 2010). In the case scenario of Angela, the study concludes that she should focus more on supported care management where professionals with vast knowledge will assist

Project Evaluation Assignment Example | Topics and Well Written Essays - 1500 words

Project Evaluation - Assignment Example The document also summarises the theories and concepts learnt in the unit, how these theories influenced my work, example/case study of a successful IT project and its comparison with the developed database. Lastly, the document includes the impact of these lessons on my future work, and what I would do differently along with its rationale. Database of Local Recruitment Agency A local recruitment agency requested to have a database in order to store their business information and access the information in the form of reports. The agency deals with the information of customers (job applicants), jobs (currently available and archived) and tracks contact between customers. In order to fulfil the requirement of the agency, I have developed a database in Microsoft Access 2007. As mentioned in the (previous) assignment, the agency has the following requirements: i. A database to be developed in Microsoft Access that is able to store, retrieve and update the information regarding customers, jobs and track contacts between customers. ii. The agency should be able to add new customers, jobs and their information or details in the database through a form (separate for each) of MS database Access. iii. The agency wants several reports to be produced from the database; however, they specified only three reports that include the customer list; jobs list grouped by job type and the report showing contacts and track follow up. iv. The database tables should be populated with data of at-least 20 customers, 10 jobs and 20 contacts. To fulfil the requirements of the agency, I have developed a database in MS Access 2007 that has four tables, which include tblCustomer, tbljobs, tblContact, and tblJobType. The agency can store all the relevant information in these tables (requirement â€Å"i" fulfilled). I have developed three forms to add/update new customers and jobs along with their details (requirement â€Å"ii" fulfilled). I have developed three specified reports that show t he customer list, jobs list and contact group by the customer (requirement â€Å"iii" fulfilled). I have populated the database with required data in the respective table (requirement â€Å"iv" fulfilled). Features of a Smart Database The developed database should also be evaluated in terms of the characteristics of a high quality database as given below: Accuracy The database is considered accurate if the values stored in the fields of the database are correct. After developing, the database for the agency presumes that the information that is input into a database is faultless as well as accurate. Completeness The end user (agency) of the database has to be aware of the information to be provided to the developer(s) for the development of the database, as if they provide less or inaccurate information, the developed database would definitely be useless and inaccurate. In our case, the information of the customer has to be complete in every aspect, for example the customer profil e, education and experience etc. is missing in the developed database, which has not been asked by the agency. Consistency The consistency is as important as the accuracy and completeness of a database. As in our case, the database is considered to be consistent as we have stored the information/data of one item in a single field only. Uniqueness The data in one field must represent

Employee Portfolio Motivational Plan Assignment Example | Topics and Well Written Essays - 500 words

Employee Portfolio Motivational Plan - Assignment Example As a matter of fact, he is on the brink of being the ideal employee; he just needs that aspect of motivation. Since Timothy has different needs that are independent of each other but all need to be satisfied, the motivation theory that best explains his situation is Alderfer’s ERG theory. For example, although he prefers to work alone, he aspires to be in a leadership position. At the same time, although he is socially inclined, he is not empathetic. Elza needs attention, emotional support, and better working conditions. She is a very emotional person who tends to get frustrated quickly. This could explain why she has problems with her boss and her juniors. Elza needs to feel valued, understood, and trusted. Her superiors should seriously consider her emotional needs and work conditions in order to bring the best out of her because these appear to be her main areas of concern. The theory that best explains Elza’s situation is Herzberg’s two-factor theory, which identifies motivators and hygiene as the two aspects that cause workplace satisfaction or dissatisfaction. While Elza is committed to her work and exhibits professionalism, her working conditions (hygiene factors) are suppressing her enthusiasm for work. Based on Herzberg’s theory, Elza’s situation embodies low hygiene and high motivation combination (Pinder, 2014). She can perform much better if she is provided with ideal working conditions an d more emotional support. Elza also exhibits certain aspects of McClelland’s motivation theory, specifically the achievement dimension. She wants to excel, prefers to work alone, and is extremely driven to accomplish tasks. Emerick has all the qualities of any organization’s ideal employee. However, he also has some weaknesses that need to be eliminated, although they are not so worrying as to affect his overall performance. This employee needs to be given more indoctrination in the

Essay about a study case analysis of the OIL MARKET

About a study case analysis of the OIL MARKET - Essay Example As opposed to the rest of the world which uses oil more for heat and power, Canada and The United States use oil more for transportation providing a larger market. The Northern Hemisphere provides a larger market during cold months. Developing countries provide a substantial market size but the increasing debt is making them a less targeted market (Luciani 85). The relative price of oil substitutes such as gas also affects the demand for oil. The development of reliable and cheaper oil substitutes may cause a shift in demand away from crude oil towards the emerging substitutes. Research and development of non-oil substitutes has risen since the high oil prices during 2004-2005, even though this can take years to affect the energy market. These substitutes include renewable and alternative fuels like hydropower solar wind geothermal, biomass and ethanol. Related goods can also be compliments of oil or goods that utilize oil and oil products like vehicles. If the prices of vehicles rise then the demand for oil will fall and if the prices of vehicles fall then the demand of oil will rise. This shows that related goods can either be substitutes or complements. The amount of income a country is willing to spend also determines the demand for oil and oil products. If the consumer country has more disposable income then the demand for oil will be more but if the income remains constant and the oil price rises the demand falls. Similarly when oil prices fall the amount of oil demanded for the same income will rise. This means that a relatively higher income level consequently increases demand levels and a lower income translates into lower demand for oil. This explains why developed countries demand more oil than developing countries. The dependency on oil has led to many of the developing countries to pile a lot of debts in their quest to acquire oil (Pirayoff 76). Oil supply depends with its availability and it is believed