Bus 475-Assignment 2
Jean R Alerte
Dr. James J. Kolacek
Ethic Code, a Must for a Successful Business.
Business as a system is a combination of business commerce, occupations, and organizations that produces and distributes the goods and services that create value for people in a society. Today more than ever socially responsible in investing has led to the development of a large number of methodologies for measuring corporate social responsibility and to a growing body of research exploring the link between social and financial performance. Increased availability of information potentially generates an abundance of riches upon which to base investment decisions, but it also raises issues of commensurability, information overload, and confusion. Using a unique data set, trying to answer the following questions: 1) description of the company in question and analyze the primary and secondary stakeholder group their roles and relationships within the company. 2) Which ways can stakeholders influence the destiny of the business? 3) The creation of a plan on how to encourage stakeholder to form a coalition to help achieve the goal of the business and the assistance the coalition may provide. 4) What are the challenges to get the stakeholders to come together to help achieve the goals and the steps to take to overcome these challenges. They also find corporate financial performance to be associated greatly to the process of involving all stakeholders.
1) Description of the company and analyze the primary and secondary stakeholder groups, their roles and relationships.
Founded in 1997, R&V Inc. is a company that provides goods and services ranging from bottle water, energy drink, and coffee to tea. With an annual revenue $ 1.3 billion, R&V Inc. is operates in two countries and accounts for nearly twelve hundred employees. R&V Inc. interacts with society in many different ways, and the company’s relationships with various stakeholders differ. There are Market stakeholders who engage in economic transactions with the company as it carries out its primary purpose of providing customers and consumers with goods and services, there are also sometimes called primary stakeholders. Every relationship is based on a sole transaction, or two-way exchange. Stockholders invest in the company and in return receive dividends and capital gains on their investments. Creditors lend money and collect payments of interest and principal. Employees contribute their skills and knowledge in exchange for wages, benefits, and the opportunity for personal satisfaction and professional development (Lawrence T. A, Weber J 2010). In return for payment, suppliers provide raw materials, energy, services, and other inputs; and wholesalers, distributors, and retailers engage in market transactions with the company as they help move the product from plant to sales outlets to customers. All businesses need customers who are willing to buy their products or services. These are the essentials market interactions each business takes with society (Weber J. 2010). Stakeholder refers to persons and groups that affect, or are affected by, an organization’s decisions, policies, and operations and R&V Inc. all of them are being taken seriously in all decision’s making.
Stake, in this context, means an interest in or claim on a business enterprise. Those who possess a stake in the company’s actions include such diverse groups as customers, employees, stockholders, the media, governments, professional and trade associations, social and environmental activists, and nongovernmental organizations. Remember stakeholder is not the same as stockholder, although the words sound closely the same. Stockholders for R&V Inc. are individuals or organizations that own shares of the company’s stock are one of many kinds of stakeholders.
2) In what ways can stakeholders