Stakeholders Essay Example | Topics and Well Written Essays - 2500 words

Stakeholders - Essay Example Goodjik (2003) point out to the fact that management needs to build relationships with different stakeholders including shareholders, employees, customers, and society at large. This is only possible with increased transparency and accountability in practices on the part of the organizations and increased involvement or participation of the stakeholders in management decisions. The need to mobilize a sense of responsibility among stakeholders could help create an organizational context for participation and involvement and stakeholder arguments and opinions could be used to shift the balance of decisions in the interest of stakeholders. Active stakeholder participation is thus useful for any management perspective as considering stakeholder opinions and arguments could help create and strengthen partnerships between stakeholders and management at the corporate level. The stakeholder model assumes constructive partnership and dialogue between the management and the stakeholders includ ing the employees and is thus useful for promoting a beneficial relationship at the corporate level. This discussion focuses on the contributions of the stakeholders in business success and business performance of companies and emphasizes on the beneficial relationship between stakeholders ... The Role of Stakeholders: Stakeholders play an important role in an organization and affect corporate social performance and financial performance and Neville et al (2005) point out that a company's reputation could determine the corporate social performance and financial performance or CSP-FP relationships. Corporate social performance is related the stakeholders' resource allocation to an organization and how much stakeholders are ready to invest in or trust a company would in turn determine the performance and success of a company. In this context the stakeholder would trust or invest in a company based on the existing reputation of a company thus company reputation would determine stakeholder assessments and would also be relative to stakeholder expectations. Neville (2005) thus suggests that reputation of a company plays a key role in determining the CSP-FP relationship. Strategic management principles and competitiveness also change the CSP-FP relationship. Considering that corporate branding and reputa tion are important in achieving stakeholder trust, the role of marketing could be important for strategic advantages of any company as it helps build brand reputation. Maintaining stakeholder interests and stakeholder benefits is the major concern of companies and forms a major part of corporate social responsibility or CSR. Whitehouse (2006) used qualitative data from semi-structured interviews with representatives of 16 UK companies from different sectors and traced CSR policy development from identifying the meaning attributed to CSR to factors that help to implement CSR agenda. CSR objectives and policies are

Abraham Lincoln View of slavery Essay Example | Topics and Well Written Essays - 500 words

Abraham Lincoln View of slavery - Essay Example Lincoln in his speech in Illinois termed slavery as unjust and morally wrong. He confessed both privately and in public that he hated slavery, even though he was quiet about it for a long time. Lincoln also believed that all people were against slavery, insisted and maintained a view against it. Besides, he never regretted his words either did he take them back because slavery was not right. He also came out clear giving his view that he was not an abolitionist. His problem was the current constitution that never factored in the term slavery all the clauses that gave protection to the institution. He alluded that there was a need to abolish slavery and consider slaves as equal members of the United States. Abraham argued that both the black and white were equal. Therefore, they were entitled to equal opportunities and benefit to improve their lives making slavery was unfair.Therefore, the debate on the issue of slavery was among one of the questions that triggered the civil war both in the Western and Northern states as they fought to protect the union. However, at the same time the South states struggled to gain its independence under its constitution. Conversely, the South agrarian protected their slaves to take care of their large plantations and help in other tasks that they required. During the civil war, more Africans worked in the south offering labor. They contributed significantly to the South economy because they worked and at the same time, they were sold to pay debts.