The Group Will Be Responsible For A Presentation Minimum ½ H
The Group Will Be Responsible For A Presentation Minimum ½ Hour To Be
The group will be responsible for a presentation (minimum ½ hour-to be done in PowerPoint) and a list of 3-5 discussion questions. The topics and some suggestions are below. Prepare a presentation in PowerPoint on your topic Develop 3-5 discussion questions Topic: Week 3 Stakeholders 11/7/2020 Group B List the various stakeholders of an organization Discuss the stake(s) that each stakeholder has in the firm Discuss the impact of ethics on each stakeholder Please give me the description to present this presentation in 400 words
Paper For Above instruction
Good morning everyone. Today, our team will be discussing the vital topic of stakeholders within organizations, focusing on understanding who they are, their stakes in the company, and how ethics influence their interests and relationships. This presentation aims to provide a comprehensive overview of stakeholder roles, their specific concerns, and the ethical considerations that shape corporate behavior.
To begin, it is essential to identify the various stakeholders involved in any organization. These typically include internal stakeholders such as employees, managers, and owners, as well as external stakeholders like customers, suppliers, investors, government agencies, communities, and non-governmental organizations. Each group plays a crucial role in the organization’s success and sustainability. For example, employees are interested in fair wages and job security, while investors seek profitability and growth prospects. Customers focus on product quality and value, whereas communities are concerned with environmental impact and social responsibility.
Moving forward, understanding the specific stakes of each stakeholder is vital. Employees, for instance, have economic stakes (salary and benefits), job stability, and opportunities for advancement. Managers have a stake in organizational success, career development, and recognition, while shareholders have a financial stake in the company’s profitability and stock value. External stakeholders like communities have stakes related to environmental sustainability, safety, and social equity. These stakes influence how stakeholders interact with the organization and what they expect from it.
Ethics significantly impact these stakes because ethical practices set the framework within which organizations operate. Ethical behavior promotes fairness, transparency, and respect for stakeholder interests, fostering trust and long-term relationships. For example, ethical labor practices ensure fair wages and safe working conditions for employees. Ethical environmental practices reduce pollution and resource waste, benefiting communities and the environment. Conversely, unethical behavior, such as exploiting workers or polluting the environment, can harm stakeholder trust, lead to legal issues, and damage an organization’s reputation.
In conclusion, understanding the various stakeholders of an organization, their stakes, and the influence of ethics is essential for sustainable business practices. Companies that prioritize ethical considerations are more likely to build strong relationships with their stakeholders, ultimately leading to long-term success. We hope this presentation has shed light on the importance of stakeholder management and ethical conduct in shaping an organization’s reputation and operational success.
References
- Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Boston: Pitman.
- Crane, A., & Matten, D. (2010). Business Ethics: A Textbook with Cases. Oxford University Press.
- Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20(1), 65–91.
- Schwartz, M. S. (2004). Ethical Climate Building. Organizational Dynamics, 33(4), 338–350.
- Jones, T. M. (1991). Ethical Decision Making by Individuals in Organizations. Academy of Management Review, 16(2), 366–395.