ADM 1101 Lecture Notes - Lecture 3: Deepwater Horizon Oil Spill, Major Disaster, Civil Society
5 Oct 2016
School
Department
Course
Professor
Document Summary
The way that corporations deal with their relevant stakeholders is extremely important to success. There are many different charts and ways to define the stakeholders of specific corporations, from using charts, to using matrices. These techniques help businesses classify their relevant stakeholders (which are different for every single corporation based on their industry), and evaluates their power and importance to the corporation. The most important stakeholder identification method identifies stakeholders based on: salience, urgency, power, legitimacy, or a mixture of all of these characteristics. Corporations should put in efforts to identify and address important stakeholder opinions and ideas. There are two main civil society organizations that businesses should be aware of. Both of these organizations have different powers and aspects that could affect business operations, and their powers and desires should be analyzed and dealt with by corporations. Oil flowed for 87 days after the explosion. The degree to which priority is given to.
