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Stakeholder theory and Corporate Ethics
Stakeholder theory and Corporate Ethics
Name
Institution
Stakeholder theory and Corporate Ethics
Edward Freeman states that an organization cannot exist on its own. It needs different stakeholders to perform its activities and ultimately achieve its objectives. Those stakeholders also fulfill their individual goals through their engagement with the organization. The role of the managers, therefore, is to align the organization’s interests with those of its stakeholders for all parties to derive maximum benefit from their interaction. However, priority is given to those relationships with the lowest cost and highest benefit to the organization. The main reason for the direction is always profit and increasing the value of shares. Other objectives are secondary.
All stakeholders have their interests, which can only be fulfilled through activities carried out with the organization they are affiliated to. For most stakeholders, their primary interest is usually financial, thus expect to save more or spend less. For instance, suppliers require timely payment, creditors expect to make interest from their loans, and shareholders expect regular dividend payments and rising share values. They also expect to derive non-monetary benefits from the affiliate institution on account of their importance to the survival of the organization. For example, loyal customers want affordable, but quality products and long-serving employees want better pay and the right working conditions. Stakeholders, therefore, want managers to take great care of their interests to the same extent they have helped them achieve their interests.
Ethics refers to the moral principles that govern the behavior of people as they conduct their activities. These principles are implied, derived from the behavior of people taught or passed down to others. Business ethics, on the other hand, are usually laid down a framework that is set to protect the interests of stakeholders of a concern in case one party acts mischievously. It includes the business policies that an organization has to implement to make sure it discharges its responsibility towards various stakeholders.
Stakeholder Perspectives Paper
Stakeholder Perspectives Paper
Task:
Write a three page (minimum) paper that utilizes your best collegiate writing skills to identify a public argument, explain two contrasting stakeholder perspectives, and conclude with a review of shared values and opportunities for future solutions.
Purpose:
As the only considerable writing assignment of our summer course, this paper acts as an evaluation of your ability to show off your critical thinking skills through an analysis of competing/contrasting stakeholder perspectives.
Moreover, as a piece of argumentative writing, this paper evaluates your ability to analyze argumentative form and reasoning. You are expected to use your best research and writing skills to complete this paper. Your analysis of the argument you’ve chosen will be evaluated based on your ability to synthesize your own original research about the artifact in a way that clearly explains your understanding of the stakeholders, spheres, and key claims involved.
Criteria:
The paper should identify a clear public argument issue in the introduction, develop an analysis of two contrasting stakeholder perspectives in the body of the paper, and effectively review the shared values and opportunities for future solutions.
The paper should be written and edited to demonstrate collegiate writing and grammar skills representative of a university student.
The argument should be developed with at least five clear and relevant references to secondary research associated with the artifact.
The Introduction Paragraph Should:
Capture the audiences attention (avoid rhetorical questions, set up the argument with interest)
Introduce and describe the public argument (what is it?)
Explain the significance (why do we care?)
Clearly set up and explain the two perspectives to the argument (what are the two stakeholder perspectives you are investigating?)
You should establish this thesis using declarative language.
Example: In this paper, I will analyze __________ (issue) from two perspectives. I will first describe __________________ perspective that believes _________________ about (issue). Secondly, I will detail ___________________ perspective that believes ____________ about (issue). Finally, I will consider opportunities for these two sides to come together in the future”
Note: This preview should be unique to your artifact.
Note – this is not meant to be copy and pasted, this is just one example – there are hundreds of correct alternatives to structure your paper. This is just to illustrate how you might adapt signposts to punctuate your preview of main points clearly for your reader.
The Three Main Points Should:
The first point should identify a technical sphere stakeholder. This main point needs to accomplish at least three tasks:
How is this stakeholder related to the public argument?
What is their opinion about how the public argument should be resolved?
Identify one of their main claims, analyze the claim:
What is the source of the claim? What makes them credible in the technical sphere?
What type of claim is it? (Fact/Value/Policy)
Are there any important qualifiers or reservations built into the claim?
What type of data is provided (statistics, narrative, etc.)What type of reasoning is used? (sign, generalization, example, analogy, correlation, etc.)
The second point should identify a public sphere stakeholder. This main point needs to accomplish at least three tasks:
How is this stakeholder related to the public argument?
What is their opinion about how the public argument should be resolved?
Identify one of their main claims, analyze the claim:
What is the source of the claim?
What makes them credible in the public sphere?
What type of claim is it? (Fact/Value/Policy)
Are there any important qualifiers or reservations built into the claim?
What type of data is provided (statistics, narrative, etc.)What type of reasoning is used? (sign, generalization, example, analogy, correlation, etc.)
The third main point should compare these two distinct perspectives and describe an opportunity where a future solution or resolution can be made. This main point should address three questions:
What do they agree on?
What facts and values do they share? Identify at least one or two.
What, if any, proposed polices would both stakeholders support?
Is there a middle ground? Or alternative solution?
Are there other stakeholders that might be able to bring these two together?
How could this issue be solved?
Who is the best actor to solve this issue? The United Nations, the US Supreme Court, the President, Congress, the University of Nevada, Las Vegas?
What organizations are working to solve this issue now?
What proposed solutions might work for both stakeholder groups?
The conclusion should:
Your conclusion paragraph should summarize the significance of the public issue you’ve selected, briefly review the positions of the stakeholders identified, and describe what will happen if this issue is not resolved. Where possible, the paper should close optimistically with a description of how both perspectives might overcome their differences to reach a future agreement.
Overall:
Every paragraph should include a clear APA reference to support your key claim (source, year). You (2019) are encouraged to keep “direct quotes” short and prioritize paraphrasing (p. #).
Top scoring papers will use more than five pieces of secondary support.
Stakeholder Engagement within Schools
Stakeholder Engagement within Schools
Name
Institution
Focus is Parents within a UK school setting. Parents are very important in the school setting because they cater for every material need of the learners and support children’s learning in out of home setting. Parents need to be valued and respected because they are more involved in their children’s learning and can help planning with the practitioner (Raising Children Network 2014, n.p).
I plan to evaluate the school teacher relationship by using communication strategies such as home visits where applicable, use of phone calls, homework hotlines, allowing an interactive school websites where parents can air their views and holding workshops for parents. I would then ask them about their feelings and attitude towards the school through the effective communication strategies. In some instances such as in communication directed to mothers and fathers, I would design questionnaires that enquire about the parents’ perceptions towards school (Incesu & Asikgil 2012, pp. 92-98)
Some of the priority areas for a marketing strategy and promotional techniques to ensure effective engagement with parents are an assurance that their children will have an excellent learning institution that will nature their talent and let them pass in their examinations. Every parent takes their children to school to acquire high quality education and be successful in life (Skallerud 2011, pp. 671-686).
School based works that will need the completion of the module are activities designed to increase responsibility and care amongst parents as well as understanding of the children’s performance by inviting both the parent and their children together. Some of the challenges that may be faced are failure of parents to honor invitation and the belief by some parents that they are already better parents and the rest of the school activities are left for the school.
Marketing schools should not be discriminatory in terms of race or ethnicity. Moreover, marketing a school should not be exaggerated by including some activities that in real sense do not exist in the school (Lockhart 2005, pp. 7-8).
The school Business manager may institute business functions such as administration; asset management and finance that may make parents have confidence in the school management (Matthias 2013, n.p). They also play a significant role in marketing and communication that include developing and refining communication strategies such as branding and identify opportunities for parents’ research needs.
Bibliographies
Incesu, G., & Asikgil, B 2012, “An Evaluation of the Relationship between Service Quality in Primary Education and Parent Satisfaction”, International Journal of Business and Management, vol. 7, no. 18, pp. 92-98, retrieved http://search.proquest.com/business/docview/1077382766/812752A24EFC473DPQ/18?accountid=45049
Lockhart, J., M 2005, How to market your school: a guide to marketing, public relations, and communication for school administrators. Lincoln, Neb, iUniverse.
Matthias, P 2013, Inside the role of a school business manager, The Guardian, http://www.theguardian.com/teacher-network/hays-partner-zone/school-business-manager-education
Raising Children Network 2014, Involving Parents in School and Child Care, retrieved http://raisingchildren.net.au/articles/involving_parents_in_school_and_childcare.html
Skallerud, K 2011, “School reputation and its relation to parents’ satisfaction and loyalty”, The International Journal of Educational Management, vol. 25, no. 7, pp. 671-686, retrieved http://search.proquest.com/business/docview/893889083/8B211D209BE445A5PQ/1?accountid=45049