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Essay / Research Paper Abstract
This 3 page paper answers three questions for the student. The first question identifies internal and external stakeholders and looks at how internal stakeholders may interact with the external stakeholders. The second question discusses the advantages and disadvantages of old and transformed organizational models. The last section of the paper discusses the benefits of diversity management. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEstorgq1.rtf
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Unformatted sample text from the term paper:
include employees and management (Thompson, 2007). Internal stakeholders would often have a greater level of knowledge regarding the state of the company compared to external stakeholders who may be
reliant on information within the public domain. External stakeholders are those outside of the organization including, but not limited to, customers, suppliers and local residents (Thompson, 2007).
The internal stakeholders may interact with the external stakeholders in a number of ways. The use of marketing and public relations exercises on effect way
of communicating with stakeholders including customers and others who may have an interest such as local residents or members of interest groups. These can play a formative role or a
role in trying to persuade or influence views of the stakeholders. Some marketing or public relations exercises may involve direct interaction, such as road shows.
Other external stakeholders may receive different types into action. Suppliers, including lenders, are likely to receive direct communication both verbal and written. Some suppliers may insist on seeing
supporting information before they will undertake a transaction. External stakeholders such shareholders may rely on information released in the public domain, such as earnings reports and annual reports. However, further
communication may take place indirectly through the use of dividends weakening, where dividends are used to indicate the way management believes the company is going to perform in the future.
For example, retaining the dividends even if there are reduced earnings may send a message of confidence in the companys future (Brooke, 1998). Question 2 There are strengths and
weaknesses associated with the old and the transformed organizational model. The older organizational models tend to have a more formal hierarchy, which can be an advantage when there are difficulties
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