Critically assess the arguments for and against adopting a stakeholder Essay

Critically assess the arguments for and against adopting a stakeholder perspective - Essay Example While the proponents of the shareholder perspective have their views so do the proponents of stakeholder perspective. In light of these two approaches, this paper will critically analyze the stakeholder perspective. First, the shareholder approach focused primarily on the owners or individuals holding the shares in the company with little regard of the rest. That is to say, all decisions were taken with the concerns of the owners first then others’ later. Conversely, the stakeholder perspective advocates for recognition of other organs in the business whose influence is also vital. These include the customers, employees, suppliers, governmental bodies and now the owners. According to the contents in Freeman’s book, the traditional shareholder was not only unhelpful to the owners but also to the business as well since it failed to address the customer needs (Miles 2012). Analysing this notion seems to reveal some truths in it though it also has some demerits, which could lead to negative impacts on the society. Lately, many companies have adopted stakeholder theory as a way of increasing profitability. The approach seeks to place the people seen as important to a business in a higher position (Miles 2012). That is to say, all actions taken by a corporate are focused on benefitting these people first. In this approach, the major people regarded highly include the owners, shareholders, customers, suppliers and in some case even competitors. Since this approach focuses on the most important stakeholder in the business- the customer to be precise- a number of benefits are evident. Freeman suggested that whenever a business applies the stakeholders even the shareholders’ interests are safeguarded. Additionally, when this approach is adopted, the business will last longer and even exhibit performance (Miles 2012). This is because businesses are able to analyze the needs by various stakeholders

Effectiveness of higher education Coursework Example | Topics and Well Written Essays - 2250 words

Effectiveness of higher education - Coursework Example The metrics of measuring or appraising the effectiveness of higher education are vast and essential. Higher education is perceived as any post-secondary school education which aims at modeling students to be professionals in various fields of interest. In order to measure the effectiveness of higher education, specific variables are considered based on their roles and the influence they have on both students and the institutions. In this synthesis essay, identified are sources that provide in-depth analysis of how effectiveness in higher education can be achieved. Additionally, the sources show how difference variables are deployed in various higher education settings and how efficient they make higher education. Among the factors considered in this case include productivity, effectiveness, unit cost, and efficiency. With reference to the productivity, efficiency and effectiveness, there are various perspectives that influence how each of these properties of higher education can be u sed to measure the overall effectiveness of the education system. While different sources provide varying arguments regarding how effective higher education is, a universal element is considered in most of these sources. Technology is mentioned in various sources as a factor that influences the effectiveness of higher education. This synthesis essay seeks to agree while at the same time offering a different perspective since most sources are peer-reviewed and offer quality appraisal metrics regarding the effectiveness of higher education.