LEVEL 6 ,PLEASE BE CAREFULL,WE NEED A VERY GOOD WORK,PLEASE COMPARE,DESCRIPTION OF XPLC, S STAKEHOLDER ENGAGEMENT ,CHOOSE DEBENHAMS AND WH SMITH
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Corporate Responsibilities And Ethics
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Cover content •Introduction •Stakeholder theory •Stakeholder identification and engagement •Description of DEBENHAM'S and WH SMITH's Plc stakeholder engagement •Evaluation of company's stakeholder engagement •Conclusion •References
Introduction Stakeholders are those people or entity who are either directly or indirectly connected to an organization. It is important for an organization to ensure that company's policies and strategies support needs and demands of their stakeholders.
Stakeholder theory Stakeholdersofthe Organizational mind is a theory which argues that identificationofkey people i.e. stakeholder is importantforevery organization.
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Stakeholder Identification and Engagement Stakeholders are identified by analysing those entities which are either positively or negatively impacting company's projects. By regularly communicating with them, enterprise can assure stakeholders engagement.
Description Of DEBENHAM'S And WH Smith's Plc Stakeholder Engagement Customers, Suppliers, Employees, shareholders, communityare keystakeholders of company.
Evaluation Of Company's Stakeholder Engagement WH SMITH and Debenhams, bothcompanieshas adopt different strategies fortheirstakeholders. For example, Debenhams resolvequeriesof customerthroughtheir website and WH SMITH taketheirfeedbackin company's store.
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Conclusion From the above presenation, it can be concluded that the strategy of engaging with organisation differ from person to person. Company try to adopt a particular strategy according to their own need.
References Missonier, S. and Loufrani-Fedida, S., 2014. Stakeholder analysisandengagementinprojects:From stakeholderrelationalperspectivetostakeholder relational ontology.International Journal of Project Management. 32(7). pp.1108-1122. Pearson,R.,Seyfang,G.andJenkins,R.,2013. Corporate responsibility and labour rights: Codes of conduct in the global economy. Routledge.