Stakeholder Theory

 

Write 1-2 pages synthesizing scholarly research related to stakeholder theory. What is stakeholder theory? What theorist is credited with developing stakeholder theory? What was the original purpose of this theory? How does this theory apply to learn organizations?

Part II:

For Part II of this assignment, develop a plan for collecting and incorporating stakeholder feedback into your improvement process. This is one element you will include in the Week 8 Signature Assignment.

Begin by identifying an area in need of improvement, and then consider what input you will need from the various stakeholders in your learning organization. Identify 3-5 stakeholder groups, both internal and external to your organization. Discuss some ways you can collect feedback from your stakeholders to include in the improvement process. How will you integrate stakeholder feedback into your improvement plan? How often will you meet with stakeholders, if at all? How can you encourage continued support from them? Incorporate a feedback loop to keep all stakeholders up to date. What are some challenges you may face when trying to collect and integrate stakeholder feedback? If you are not working currently in a learning organization, chat with your professor about other organizations you could use to complete this assignment.

Sample Solution

Stakeholder Theory

Stakeholder theory is a view of capitalism that stresses the interconnected relationships between a business and its customers, suppliers, employees, investors, communities and others who have a stake in the organization. In 1984, R. Edward Freeman originally detailed the stakeholder theory of organizational management and business ethics that addresses morals and values in managing an organization. Stakeholder theory promotes a practical, efficient, effective, and ethical way to manage organizations in a highly complex and turbulent environment (Freeman, 1984; Freeman, Harrison and Wicks, 2007). The theory argues that a firm should create value for all stakeholders, not just shareholders. Stakeholder theory looks at the relationships between an organization and others in its internal and external environments. It also looks at how these connections influence how the business conducts its activities.

this paper I argue that surveillance is a necessary evil, we are not be able to choose alone security or alone privacy, because they are closely related. If we lose or there is no proper security and we have trouble, then our private spheres will no longer matter. When we can feel safe and we have not got the sense of danger is more important than some private data. Do we want to travel by an airplane where everyone’s luggage was screened or by an airplane where no one’s was? For the sake of security, we must abandon certain private data (for example when we let them look into the package and see our personal items) but it has limits too where regulations are needed to find the balance.

1. Definitions and concepts

In order to be able to take a side of this issue, we need to clarify some of the basic concepts that we will be exploring during the essay. Below, I define the three basic concepts of the paper: privacy, security and observation. However, it is important to note first that these terms do not have an exact definition and they are universally disputed issues. Another important influencing factor can be the context in which we put these expressions. They can have a different meaning in a democratic and in a totalitarian system. In this work I incorporate these phrases into a democratic system.

The meaning of privacy can differ from one person to another. It does not have an exact, generally accepted definition. As Lyon quotes (1994) Warren and Brandeis’s idea, privacy is “the individual’s right to be left alone” (p. 14). A more precise definition of privacy was formulated by the Open University during the surPRISE project (2014) “the ability of an individual to be left alone, out of public view, and in control of information about oneself” (p. 14). In this sense, privacy is a persons’ right to act freely, to speak and discuss questions with others without being restricted or observed by anyone.

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