stakeholder approach 2016

8/16/2019 Stakeholder Approach 2016

http://slidepdf.com/reader/full/stakeholder-approach-2016 1/17



Presented To:

Sir Col Ijaz Ahmed

Group Member's:

Abdullah Awan

Aleem Ullah

Ali Murtaza

Adnan Ali

Ali shahroz

Talha Turab

National University of Modern

Languages



Stake Holder Approaches

Ethics:

A code o moral standards or conduct or what is !"ood# opposed to what is !bad# or !wron"#$

•What is Stake?

A Sta%e is an& interest share or claim that a "roup or indi

the outcome o a Corporation)s policies procedures or acti

others$



Stake Holder Approaches

• What is Stakeholder?

• A person "roup or or"anization that has interest or co

or"anization$

• Sta%eholders can aect or be aected b& the or"aniza

objecti(es and policies$ Some e*amples o %e& sta

creditors directors emplo&ees "o(ernment +and its a"en

+shareholders, suppliers unions and the communit& r

business draws its resources$



ri!ary vs Secondary Stakeholder "roups



Stakeholder Manage!ent Approach

• The sta%eholder mana"ement approach is a wa& o understandin" the eects o

orces and "roups on speciic issues that aect real-time sta%eholders and their

• This approach attempts to enable indi(iduals and "roups to articulate collabora

strate"ies: based on:

• Identi&in" and prioritizin" issues threats or opportunities

• Mappin" who the sta%eholders are• Identi&in" their sta%es interests and power sources

• Showin" who the members o coalitions are or ma& become

• Showin" what each sta%eholder)s ethics are and should be

• .e(elopin" collaborati(e strate"ies and dialo"ue rom a hi"her "round per

plans and interactions to the desired closure or all parties



Stakeholder Manage!ent Approach #conti$%%

• Utilitarian Approach:

• Moral beha(iors produce the "reatest "ood or the "reatest number$

• &ndividualis! Approach:

• Acts are moral when the& promote the indi(idual's best lon"-term interests +e$"$ the !"

• 'actors Affecting Ethical (hoices

•

)he Manager:• /e(el or sta"e o moral de(elopment

• /earned 0thics

• The 1r"anization S&stems

• Social *esponsi+ility

• An 1r"anization ta%in" actions that contribute to societ&

• 2ein" a "ood corporate citizen$



Stakeholder Model

– The belie that a business should be operated or the beneit o all

concerned with it +all !sta%eholders# not just the owners,$

– The oundation o Social 3esponsibilit&$

• 4-1r"anizational Sta%eholders 5-Customers

• 6-1wners In(estors 7-Go(ernment

• 8-0mplo&ees 9-Societ&

• -Suppliers



,ie-s of *esponsi+ilities of .usiness

• 4- Econo!ic *esponsi+ilities

• The onl& Social 3esponsibilit& ; Proit-Ma*imizin"$

• 6- Legal *esponsi+ilities

• Social 3esponsibilit& ; 1be&in" the /aw +as well as ma%in" a proit,

•

/0 Ethical *esponsi+ilities• To be ethical an or"anization should see% a hi"her standard than mere

law:

• Act with e<uit& airness and impartialit&

• 3espect the ri"hts o indi(iduals

• Act or the common "ood



Argu!ents Against Social *esponsi+ility

• Social e*penditures amount to thet o business owne

• 2usiness lac%s the abilit& to pursue social "oals$

• 2usiness would "ain too much power i in(ol(ed in t

domain$ +Social issues should be let to those accoun(oters$,

•Ethical Leadership .y E1a!ple

• Senior mana"ers must be stron"l& committed to eth



Whistle0.lo-ing

• 2efinition: The disclosure b& an emplo&ee o ille"al immoral or practices b& the or"anization$

• "uidelines:

– 2e sure &ou are ri"ht +%eep accurate records,

–Tr& to resol(e the situation in-house irst

– Consult an attorne& beore contactin" the media etc$

– 3ealize &ou could be ired$

– .on)t e*pect to proit



A++ott co!pany

• ,ision3 Mission3 4+5ectives

• Trust inno(ation and <ualit& are what stand out in Ab

compan&$ Abbott prides itsel in bein" the leadin" inno(ator

products includin" their de(elopment in =I> detection and

Their number one concern is or their customers ma%in" products are both eicient and proitable$ ?inall& Abbo

Commitment to its histor& and to the uture +(ision

1bjecti(es6@@9$



A++ott (o!pany Stakeholder Approaches

•Abbott)s sta%eholders not onl& include its shareholders

emplo&ees$ 0(er&one rom research and de(elopment to

wor% in the plant are sta%eholders$ The& also include .on

C01 and all the mana"ers the support o the C01$ The de pro"ress Abbott ma%es in its disco(eries and de(elopmen

to the wealth o the compan& and its emplo&ees$



Evaluation and (ontingency Approach

•Their lar"est source o re(enue comes rom pharmaceutical sal

research and de(elopment mar%etin" and sales pla& an enormo

perormance o the compan& and achie(in" their "oals$ Accordin

written b& pharmaceutical ield Abbott implements what is %nown c

as class A which inte"rates business processes tools and peo

beha(iors +6@@B,$ In other words each sales orce meets mon

mar%etin" team and presents <ualitati(e and <uantitati(e inormat

territor&$ The mar%etin" team than incorporate the eedbac% into th

and mar%etin" plans$ This process allows mar%etin" and sales t

to"ether be on the same pa"e and successull& sell and mar%et produ



*eco!!endations

•In conclusion despite economic hardships Abbott will thri(e as

continuin" to de(elop new and beneicial products that are inno(ati

the cur(e$ In order to maintain a competiti(e ed"e the compan

patents beore their competition does$ The& will do this b& continui

emplo&ees to succeed and e*cel and b& increasin" low o handsde(elopment$

• In the past &ear medical products accounted or 8$5 billion

compan&)s re(enue$ Additionall& 0conom& heart diseases is the nu

emer"enc& in the United States$

stakeholder approach 2016

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