BA[1] - Matt Ringold BA 3902 Stakeholder Analysis: Fox...

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Matt Ringold BA 3902 Stakeholder Analysis: Fox School of Business Since the global financial crisis that started in 2008, the general public has had little confidence concerning the direction that policy makers and the business of various corporations are taking the economy. Consequently, business schools are being criticized of failing to adequately prepare executives and CEOs perform their duties of increasing the value of their firms while doing so in a responsible, ethical, and sustainable way. 1. Who are the Fox School’s stakeholders and what are their stakes? Before discussing the stakeholders of the Fox School of Business, it’s important to first define what makes someone a stakeholder. A stakeholder is an individual or group that is affected by the actions of a business. Some people become stakeholders by choosing to do so themselves, as is the case when someone becomes an employee of a corporation or when a firm decides to do business with another firm by either buying or supplying goods and services. However, some people can become stakeholders just by chance. This includes people who live, work, or own a business in the same community as another business that has an impact on their community. Generally, someone has a stake in something because they have an interest, right, or ownership of it. Some of the obvious stakeholders of the Fox School of Business include students that have a major or minor in this school for reasons. These students are stakeholders of the Fox School because essentially, they are clients. They pay tuition to attend courses in this school in order to receive an education, hoping that it will give them an opportunity to achieve their professional goals. Students in the Fox School of Business have an interest in the decisions that the school
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makes because if Fox School takes actions to enhance their reputation amongst other business schools, their graduates will become more competitive and thus have increased opportunities after graduating from a prestigious university. On the other hand, Fox graduates interests can be harmed if the Fox School takes actions that hurt the reputation their reputation of providing a good education since employers would rather hire graduates from a school with a strong reputation compared with a school with a poor reputation. Also, one could make the case that any other Temple University student has an interest in the Fox School because of a spillover effect that could occur from attending the same university that Fox is a part of. Hypothetically, if the Fox School became an undeniable, world-renowned business schools, this could increase Temple University’s overall “brand” as a quality institution which could positively impact not just Fox School graduates but all other graduates of Temple University. In addition to students at the Fox School and Temple University, other stakeholders in the Fox School of Business are everyone that it employs. When thinking about the most important employees at an university, professors
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BA[1] - Matt Ringold BA 3902 Stakeholder Analysis: Fox...

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