Corporate Governance and Ethical Responsibility

Corporate Governance and Ethical Responsibility

Determine at least three (3) different internal and external stakeholders that Dr. Do Right has to deal with on a daily basis at the hospital.

Internal stakeholders are those closest to the organization, such as shareholders, managers and workers. The shareholders are the owners of the organization and your contribution is an investment in their actions by the prospect of return. Managers are responsible for the affairs of the organization, coordinating resources and ensuring the achievement of objectives. The workers are all employees who have other duties and responsibilities. External Stakeholders are people who have some interest in the organization, such as customers, suppliers, government, local communities and the general public. Social responsibility is therefore closely linked to the image that companies want to have in the market (Higgs & Kapelianis, 2005).

There are various internal stakeholders at Universal Human Care Hospital such as employees, managers at different managers as well as trustees while the external stakeholders are pharmaceutical representatives, patients and corporate partners. Many will argue that companies always played a role in care towards the community. In reality, there is very philanthropic practice, but such actions are the most often sporadic, without planning or prior estimate. When we talk about social responsibility, social commitment and we mean not just philanthropy. Stakeholder theory has its roots in the early 30s of the twentieth century, the time of flowering of large corporations and a significant increase in the strength of public opinion. At this time of rising public expectations in respect of undertakings have been formulated basic principles theory known as the theory of stakeholders. According to this theory, the company should work primarily for the public good and private interests should it go down by the wayside. If a company wants to survive in the market, its managers need to be facilitators, connecting the world to the world organization to its environment. Administrators must balance the interests of various stakeholders for the good of the organization. For their part, the stakeholders can unite in coalitions to influence the organization. Some stakeholders may also have conflicting interests in the organization (James, 2010). Many of the rapid changes occurring in the external environment of organizations increasingly require attention of the administrators. The component of the direct action of the environment consists of the stakeholders-that is, groups that have direct impact on the organization's activities.

The organization should have social responsibility on the environment in which he lives. For him, there are stakeholders who work directly on the company seeking dividends, higher wages, higher payment terms and low prices are the stakeholders active, they are influencers immediate management process organizational. Dr. Do-Right recognizes that it is very difficult to say who is and who stakeholder is not, for this reason it is necessary to define the objectives of the organization and its performance in market, for calculation of the forces that interact directly or indirectly. The relationship between the company and the business is going to ...