Social Performance
The Target Corporation: Description, Stakeholders, and their Roles
The Target Corporation has grown, from a small branch of Dayton Hudson Corporation, to the second largest retailer store in the United States, dealing in soft lines, hard lines, and (mostly) non-perishable groceries. The company has realized numerous achievements, and currently holds the 36th position on the Fortune 500. From a single Minnesota store in 1962, Target corporation has witnessed massive expansion across all states, to a record 1,870 units (82 of these in Canada), and over $70 billion in sales. The company, currently, has Gregg Steinhafel as CEO, and John J. Mulligan as chief financial officer.
Like any other corporation, Target has a wide range of stakeholders: primary, secondary, as well as other key stakeholders. People (groups) that are directly affected by the organization's activities, either positively or negatively, are referred to as primary stakeholders. Secondary stakeholders, on the other hand, are indirectly affected by such actions. An organization's employees, and members of the community within which it operates are some of the more common primary stakeholders. Their family members, for instance, fall under the secondary stakeholders' category. Although stakeholders regarded key or crucial may not necessarily fall in either of the above groups, they do have significant effect on an organization's actions - due to their influence on the masses. The media, and powerful politicians, are examples of key stakeholders.
Stakeholders play a crucial role in the success/failure of any organization, or program. The stakeholders to a program "have the ability to influence program outcomes, both positively and negatively" (Letavec, Rollins, & Altwies, 2008, p.117). It is, therefore, important that organizations ensure that their interests are taken care of (Rabinowitz, 2013). Organizations can best ensure this by embracing a stakeholder participation approach, where stakeholders are given a platform to "both contribute, and take ownership" (Rabinowitz, 2013). This kind of stakeholder involvement has a number of benefits. First, it enables more interaction: organization/stakeholder, and stakeholder / stakeholder. The stakeholder/stakeholder form of interaction is crucial for the success...
Social Performance Description of Company My company, WidgetCo, designs and manufactures widgets here in Dullsville, USA. The company has been in operation since 1927, and moved to Dullsville shortly after WWII to take advantage of the large clustering of industry around the steel plant in Steelville. The steel plant and many of the other businesses have now closed, but WidgetCo has long been an innovator in widget design, so remains a thriving
Social Performance, Part 2 This a continuation assignment. Imagine company ethics program effective program. The Federal Sentencing Guidelines Organizations encourages firm set ethics programs. Company: Pinnacle Professional College Pinnacle Professional College is a for-profit institution that offers technologically-related continuing education courses, professional certification, and degrees primarily in technical fields such as dental hygiene, diagnostic sonography, and radiology. For-profit institutions have come under increasing scrutiny by the federal government for taking student's
Business Ethics Social Performance Of Organizations BP PLC (famous as British Petroleum PLC) is a multinational company from Britain. The company's headquarters is located in London, England, United Kingdom. The company mainly deals in the production and distribution of oil and gas. BP PLC stands as the sixth largest company in the global oil and gas market-by-market capitalization and fifth in terms of revenue. BP PLC is vertically integrated, which in microeconomics
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move. Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages
The Impact of Gender Differences on Social Performance in Saudi Arabia: A Mixed-Method Empirical StudyAbstractToday, the citizens of the oil-rich Kingdom of Saudi Arabia enjoy numerous benefits, including a wide range of social services that make the country the envy of its neighbors and much of the rest of the world. Nevertheless, as the custodian of two of Islam�s most important pilgrimage sites and a population that is comprised of
company British Petroleum, its products and services, the critical success factors for its operations and its salient stakeholders. It also discusses ways in which the primary stakeholders affect an organisation's financial performance. Then it evaluates the controversial corporate social responsibility issue of Deepwater Horizon Accident of 2010 and the formation of a stakeholder coalition to address this issue, including plans to address the challenges in persuading the affected stakeholders
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