Stakeholders and How They Are Affected by Financial Crisis - Assignment Example

which is working for humanitarian motives with aiming for “caring for people in crisis”.... Since its inception, it has worked during the war between France and Persia, the first and Second World War, the gulf crisis, the Hungarian revolution, etc.... … The paper "Business Processes of the British Red Cross" is a wonderful example of an assignment on management....

Realistically, however, and considering the social, environmental, and regulatory pressures directed at them, companies have had to consider the interests of other stakeholders.... Even assuming that other stakeholders were not a factor in corporate governance, shareholders would still have to grapple with challenges associated with ensuring that managers act in their business interests.... The extent of benefiting shareholders would however be expected to be greater in companies whose lack of consideration to other stakeholders does not affect operations and/or profit-making potential....

A crisis can be defined as an occurrence that requires not only decisive but also immediate action from various stakeholders.... A crisis can be defined as an occurrence that requires not only decisive but also immediate action from various stakeholders (Manoj and Baker, 2007).... A crisis is intense as well as a critical issue that widely threatens the existence of a given organization in terms of its operations, values, and ways.... In order for an organization to have effective and efficient crisis responses, there is a need for all stakeholders to be involved whereby communication between them needs to be enhanced (Hahn, Moon and Zhang 2008)....

nbsp;The years 2007 to 2009 were a tumultuous period for the United Kingdom (UK) economy and the global economy in general due to the global financial crisis.... nbsp;The years 2007 to 2009 were a tumultuous period for the United Kingdom (UK) economy and the global economy in general due to the global financial crisis.... The global financial crisis was triggered by a myriad of factors.... Consequently, many governments around the world have adopted a wide range of measures in a bid to mitigate the effects of the crisis and avert possible occurrences of a similar financial crisis in future (Stolz &Wedow, 2013, p....

stakeholders and their needs either harm or benefit includes; The banks need more access to their retail operations thereby financing the operations of risky investments (Labrosse, Olivares-Caminal & Singh 2011).... … The paper "Enterprise and Social Responsibility - the financial Crises" is a perfect example of a business assignment.... The paper "Enterprise and Social Responsibility - the financial Crises" is a perfect example of a business assignment....

The theory of Utilitarianism primarily stresses the idea of happiness and how it can be attained.... For instance, the crisis that befell the coffee industry across the world that occurs between 2000 and 2004 saw its prices fall to the lowest levels, and producers saw their export earning reduce by half.... This crisis was detrimental to the coffee industry and had negative economic, political, and social consequences for the leading coffee producing countries (Giovannucci & Koekoek, 2003)....

The stakeholder theory surfaced as a contribution to an improved comprehension of organizational management by focusing on the individuals or groups that affect or are affected by a firm's actions.... The stakeholder theory surfaced as a contribution to an improved comprehension of organizational management by focusing on the individuals or groups that affect or are affected by a firm's actions.... Although scores of stakeholders were negatively affected by the sale of the firm's brands, the company's management was justified in this strategic decision....