Essay --

1. A stakeholder is a person or group of people that has an interest or concern in an organization. There are a lot of different things that can affect a stakeholder such as the organizations actions, policies, and even sometimes their objectives. An example of a negative impact on stakeholders would be when an organization has to cut their costs and therefore has to start laying off employees. The stakeholders in this case would be Merck as there decided to try to pour a lot of money into research to develop new medications. Stakeholders are really important because they are ultimately what decide if a company survives or not. A business or organization needs to have stakeholders to be able to submit payments to them monthly to help them succeed. 2. There are a lot of potential costs and benefits of such an investment this is exhibited in this case. Profits that Merck made based on their selling of prescription drugs was not the only thing that they cared about and wasn’t in high priority to them. All that Merck tried to do was have the ability to feel like and think that the medicine that they have is for the people and that the profit comes second. Merck feels like if they remember this then they will have the ability to be able to make profits without even trying. All businesses need to be able to examine the positive and negative effects of all of their products or services. Most of the time business managers are only interested in seeing the bottom line, but in this case they care a lot more about their customers and what they have to offer them. 3. There are many different kinds of corporate social responsibility that all can help a company be successful if they are used correctly. My assessment of the company is that I ... ...potential and willing to give their all to your organization. 7. If I was running an organization or company, being the manager there would be certain ways that I would go about communication the corporate social responsibility to all of my employees. Being able to communicate this effectively with all of your employees allows you to establish a strong corporate culture and also strengthen a lot of the relationships that exist within your organization. The most important goal that all organizations want to be able to achieve is to have the ability to communicate the CSR effectively to help their employees be able to be engaged fully in the company. Some of the ways that I would use to be able to communicate the CSR to my employees and workforce effectively would be as follows: †¢ Social networking sites †¢ Videos †¢ Forums †¢ Websites †¢ Blogs †¢ Meetings †¢ Newsletters Essay -- 1. A stakeholder is a person or group of people that has an interest or concern in an organization. There are a lot of different things that can affect a stakeholder such as the organizations actions, policies, and even sometimes their objectives. An example of a negative impact on stakeholders would be when an organization has to cut their costs and therefore has to start laying off employees. The stakeholders in this case would be Merck as there decided to try to pour a lot of money into research to develop new medications. Stakeholders are really important because they are ultimately what decide if a company survives or not. A business or organization needs to have stakeholders to be able to submit payments to them monthly to help them succeed. 2. There are a lot of potential costs and benefits of such an investment this is exhibited in this case. Profits that Merck made based on their selling of prescription drugs was not the only thing that they cared about and wasn’t in high priority to them. All that Merck tried to do was have the ability to feel like and think that the medicine that they have is for the people and that the profit comes second. Merck feels like if they remember this then they will have the ability to be able to make profits without even trying. All businesses need to be able to examine the positive and negative effects of all of their products or services. Most of the time business managers are only interested in seeing the bottom line, but in this case they care a lot more about their customers and what they have to offer them. 3. There are many different kinds of corporate social responsibility that all can help a company be successful if they are used correctly. My assessment of the company is that I ... ...potential and willing to give their all to your organization. 7. If I was running an organization or company, being the manager there would be certain ways that I would go about communication the corporate social responsibility to all of my employees. Being able to communicate this effectively with all of your employees allows you to establish a strong corporate culture and also strengthen a lot of the relationships that exist within your organization. The most important goal that all organizations want to be able to achieve is to have the ability to communicate the CSR effectively to help their employees be able to be engaged fully in the company. Some of the ways that I would use to be able to communicate the CSR to my employees and workforce effectively would be as follows: †¢ Social networking sites †¢ Videos †¢ Forums †¢ Websites †¢ Blogs †¢ Meetings †¢ Newsletters