The Business, Government and Society Relationship of PG

CATALOG ABSTRACT 2 INTRODUCTION 3 PURPOSE 5 1. The Stakeholder Model Theory 6 2. PG’s Stakeholder Model 8 2.1 Sustainable Development psychology 8 2.2 Economic Development 9 2.3 Environmental Protection 10 2.4 Government Relationship 10 2.5 Caring for Community 11 2.6 Consumer 11 2.7 Business Partner 12 2.8 Employee 12 2.9 Industry Associations 12 2.10 NGOs 13 2.11 News Media 13 3. Summary and Conclusion 14 REFERENCES 15 THE BUSINESS, GOVERNMENT AND SOCIETY RELATIONSHIP OF PG ABSTRACT Stakeholder model is important for a successful company that pursues sustainable development. Most of the companies do not know how to implement the stakeholder model even though they have described the different aspects of the stakeholder model.†¦show more content†¦1. The Stakeholder Model Theory The stakeholder model was researched broadly in these years due to the importance of the decisions taken by the firm for different stakeholder groups (E. Jansson, 2005). Stakeholder is an entity that is benefited or burdened by the actions of a corporation or whose actions may benefit or burden the corporation (Steiner/Steiner, 1985). Clarkson (1995) distinguishes between primary and secondary stakeholders. The primary stakeholders include stockholders, customers, employees, communities and governments. The secondary stakeholders include earth’s biosphere, religious groups, political parties, unions, creditors, political interest groups, trade associations, suppliers, competitors, media, educational institutions, future generations and the poor. Managers do not find it difficult to understand the concepts and models of stakeholder management. (Clarkson, Max B E, 1995) Stakeholder management is increasingly a key factor for improving business performance (Rienk Goodijk, 2003). Managers can no longer be held responsible for maximizing returns to shareholders at the expense of other primary stakeholder groups. (Clarkson, Max B E, 1995) Sillanpa (1998) found that companies which delegated more to their employees provided better service to customers, faster innovation and faster reactions to changes, increased productivity and competitiveness. Many companies have tried to apply theShow MoreRelatedComparing Brazilian Business Culture with German Business Culture1632 Words   |  7 Pagescomparing parts of the Brazilian business culture with German business culture, the idea of culture itself must be defined. After that, their business relationships can be scrutinized by using the technique of critical incidents. In 1871, the anthropologist Edward B. Taylor was one of the first to define culture as â€Å"That complex whole which includes knowledge, beliefs, art, morals, laws, customs, and any other capabilities and habits acquired by man as a member of society.â€Å" (Kartha, 2012) A newerRead MoreThe Celestial Empire Of China And The Tributary System Essay891 Words   |  4 PagesEmpire of China and epitomized in the Tributary System. The Chinese perspective couldn t fit into the equivalent universal relationship affirmed among European nations. In the mid-nineteenth century, particularly after the Opium Wars, worldwide law set out on an enraged impact with Chinese customary Confucianism. Debilitated by powers of Western powers, the Qing government had no real option except to come to trade off with the Western forces. Hence, the Confucian world request taking into accountRead MoreEssay on business society and policy1650 Words   |  7 Pagesï » ¿Business, society and government are placed in different situations depending on what the conflict may be. According to the case â€Å"Dickinson’s needle sticks†, all three different sectors were placed in a different position where society was seen to have no voice or empowerment. The society in this case were the nurses, patients and any health care workers using Dickinson’s needles. These sectors solved their conflicts through interacting with each other and finalise a resolution through many negativeRead MoreCOMM 3312269 Words   |  5 PagesValue and identity, and theoretical issues and are instances of the theoretical principles which the society and corporations should consider as the key to success. These theories will be illustrated and applied to Bittman’s article, â€Å"Good government puts people over business (2015). 2.0 Key Issues in the Article As stated by Bittman (2015), the political economy has underlined what the government found complicated in making decision upon agriculture and economics matters where they are complex softRead MoreCulture of Proctor and Gamble7686 Words   |  31 PagesOur Values and Policies 2 PG Our Values and Policies PG Our Values and Policies 1 Table of Contents Introduction Letter from the CEO Hierarchy of Company Ethics Principles Our Purpose Our Values Our Principles Our Policies A. Respect of Government and the Law 1. Compliance With Legal Requirements 2. Accuracy of Company Books and Records †¢ Books and Records †¢ Disclosure Controls †¢ Internal Controls 3. Securities Trading 4. Antitrust Policy and Compliance Guidelines 5. Lobbying 6. PoliticalRead MoreTerrorism Is Very Real For Mnes Essay1233 Words   |  5 Pagespermeates everyday society, and the intensifying impact of terrorism on international business is a global phenomenon with implications for both theory and practice. The research question addressed by this exploratory study is how international businesses apply past terrorism exposure and experience from operating in risky locations to create organizational preparedness and performance resilience to absorb and endure future terrorist attacks. This paper contributes to the international business literatureRead MoreKey Elements of Corporate Social Responsibility of Companies Operating in Global Markets891 Words   |  4 Pagesexisting between and among stakeholders. (Kytle and Ruggie , 2005, p.2) The global operating environment is characterized by (1) governments who hold primary roles as enforcers and providers, in preserving order and in the representation of citizens; (2) Corporations or Non-governmental Organizations (NGOs) that hold primary roles of innovators, deliverers of value to shareholders, and provision of customer support; and (3) Civil Society with the primary roles of watchdogs, protecting the rights of peopleRead MoreIdndividual vs State1320 Words   |  6 Pagescontrol in present liberal democracies is necessary to ensure the survival of the state. Whilst some may believe that the individual should remain the main priority, a liberal society increases inequality and widens the class gap which continues to suppress the poor. If the focus is primarily on the individual then, overall, society may suffer more than if it were state-driven. The individual versus the state has been long disputed within many fields in academia. From psychology to sociology and literatureRead MoreTerrorism And International Business Research1130 Words   |  5 PagesSadly, terrorism permeates everyday society, and the intensifying impact of terrorism on international business is a global phenomenon with heightening implications for both theory and practice. This research paper is a novel exploratory study of how international businesses apply past terrorism exposure and experience from operating in risky locations to create organizational preparedness and performance resilience to endure future terrorist attacks. The unique firm level research provides a theoreticalRead MoreCulture of Proctor and Gamble7701 Words   |  31 PagesOur Values and Policies 2 PG Our Values and Policies PG Our Values and Policies 1 Table of Contents Introduction Letter from the CEO Hierarchy of Company Ethics Principles Our Purpose Our Values Our Principles Our Policies A. Respect of Government and the Law 1. Compliance With Legal Requirements 2. Accuracy of Company Books and Records †¢ Books and Records †¢ Disclosure Controls †¢ Internal Controls 3. Securities Trading 4. Antitrust Policy and Compliance Guidelines 5. Lobbying