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Do global businesses consider their stakeholders?

Do global businesses consider their stakeholders?. Presented by Jamie Norman, Simon Thompson, Mark Fernandes, Mohummed Tala, Sarah Simpson & Lisa Warne. Contents. What do we mean by globalisation? Who are stakeholders? 5 Companies …. 3 Countries Summary of the companies approaches

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Do global businesses consider their stakeholders?

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  1. Do global businesses consider their stakeholders? Presented by Jamie Norman, Simon Thompson, Mark Fernandes, Mohummed Tala, Sarah Simpson & Lisa Warne

  2. Contents • What do we mean by globalisation? • Who are stakeholders? • 5 Companies …. 3 Countries • Summary of the companies approaches • Are they taking account of stakeholders? • References

  3. What do we mean by globalisation? … the growing integration of economies and societies around the world (World Bank 2008) Globalisation is essentially … - the breakthrough that capitalism had to eventually come to in order to enable continued accumulation and growth in production sales, consumption, trade and investment … - an outcome of the build up of enormous pressure on the part of the [capitalist] agencies to get rid of … barriers so that they can gain better access to the many fields of activity previously blocked to them. (Trainer 2002)

  4. < ? > Who are stakeholders? …any identifiable group or individual who can affect the achievement of an organization’s objectives or who is affected by the achievement of an organization’s objectives (Freeman and Reed 1983)

  5. Disney in the UK Introduction… disney… their values, mission statement etc…. Stakeholder values.

  6. Disney in India Disney in the USA

  7. Tesco in the UK Introduction… tesco… their values, mission statement etc…. Stakeholder values.

  8. Tesco in India Tesco in the USA

  9. Toyota in UK • Recently overtaken GM to become the World’s Largest Automotive Manufacturer. • IW 1000 - 5th largest manufacturer in the World today. (Industry Week, 2008) • Key Values – Environmentally Friendly, Corporate Social Responsibility, Customer Focused, hard working, Philanthropic. • Slogan – “Toyota – Moving Forwards” • 1992 Toyota UK Started production, Derby. • University of Derby –Toyota’s HRM policies in the UK plant. How Prodcution system is suitably designed to maximise four identified HRM Goals: 1. Organisational Integration 2. Employee Comittment 3. Flexibility & Adaptability 4. Quality. “Using the absolute minimum of staff (the Lean Production System),relying on intense horizontal communication of information (the Kanban System),and employing precisely-timed delivery and assembly (the Just-in-Time System), all combine to position the assembly worker as, perhaps, the key power holder among the many stakeholders in the enterprise.” (Winfield 1994)

  10. Toyota in India Toyota in USA • Toyota in Joint Venture • Kirloskar Motor Company take 11% Equity. (JCN Newswire, 2008) • 35 billion yen expansion - production increased by 100,00 units. • $5.6m on Newly Built Training School in Bangalore. (Murphy, 2008) • Test Case for Future of Toyota. • Stakeholders - Corporate Social Responsibility, Competitive Edge. • 1988, Toyota Expand to Kentucky, USA. • Adapted Japanese Management Techniques to American work culture. (Besser, 1996). • Kaizen & Just In Time systems - team-based, co-operative culture. (Fang & Kleiner, 2003) • Stakeholders – Staff valued / motivated, effective management. • May 2006 - Hideaki Otaka, president of Toyota Motor North America - named in a sexual-harassment lawsuit. • Stakeholders – New President, Moral Issue, Bad Press.

  11. McDonald’s McDonald’s in the UK Introduction… their values, mission statement etc…. Stakeholder values.

  12. McDonald’s McDonald’s in India McDonald’s in the USA

  13. Playboy in the UK Introduction… their values, mission statement etc…. Stakeholder values.

  14. Playboy in India Playboy in the USA

  15. In summary ….

  16. Well…have they?

  17. References Freeman, E. and Reed, D. (1983). "Stockholders and stakeholders: A new perspective on corporate governance". California Management Review 25(3), 88-106. Trainer, T. (2002). "Two Common Mistakes About Globalisation". Humanomics18(1/2), 1-6. World Bank(2008). "Globalization definition."[online] Retrieved 30th October 2008, from http://www1.worldbank.org/economicpolicy/globalization/.

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