Stake and Stakeholder from an Individual Perspective Discussion

IntroductionWelcome to Unit 1, Introduction to Business and Society. In this unit, we will explore the interrelationships between business and society, including the tensions that exist between various stakeholders and the growing pressures to approach business with a sense of corporate responsibility and sustainability as primary underlying influences. With regards to the rapidly changing technologies and expanding globalization, it is imperative to strategize business decisions with far greater insight and conscientiousness than ever before.As you navigate through the unit (using the arrows), make sure you click on the different links, read through the content, and watch the videos. Consider any parts that are unclear to you, and make note of them in your learning journal.Stop what you are doing and take a minute to look around you. What do you see? Perhaps you see your living room, where you’re sitting at your desk doing your homework. You might be at a local coffee shop, hanging out with some friends who are going to help you study. Or maybe you’re sitting on the beach, reading this on your tablet or phone while you listen to the sounds of the ocean and children playing in the sand.Now, look around again but this time consider everything within your view and ask yourself what all of these things have in common? If you said that they are all the product of business, then you’re right! How can that be, you ask? The products of businesses are everywhere, in everything we touch, we eat, we see, we smell, and we feel. Not always directly, of course, but in one way or another the evidence of a business is there. It’s like the air that we breathe—mostly invisible, but always present.View the presentation to learn more about business and society. Alternatively, you can download the Business and Society: An Overview [PDF].READ and TAKE NOTES on the following: Watch the Mindtools video on Stakeholder Analysis to learn about winning stakeholder support for your projects. Alternately, you can read the article on Stakeholder Analysis.Putting It Together: Role of Business. Authored by: Linda Williams and Lumen Learning. License: CC BY: AttributionSustainability is a modern concept that promotes thinking around ways of living in harmony with the natural world, while simultaneously and actively working to protect and preserve it from irreversible damage. It seeks to balance the advancement of human well-being with the conservation of our natural environment. The sustainability drive has led humanity to the era of sustainable development, which relates to the need to address environmental and social problems while we develop technologically and economically. The university, as a learning institution, is no exception in this journey. As you go embark through your educational journey at UoPeople, you will come across courses that have a focus on sustainability. Our hope is to provide you with the foundational knowledge to help you become more sustainably conscious within your future job and life in general. Take some time and review the sustainability module in the LRC. You might even want to unlock your Sustainability Badge.We often hear the words ‘sustainable’ and ‘sustainability’ in our daily lives. But what does sustainability mean? Watch the video to learn what sustainability means using scenarios from our daily lives. Pay attention to some of the basic changes to lifestyles and systems that can lead to a more sustainable society. Review the United Nations Sustainable Development Goals to gain an overview of the 17 Goals for Sustainable Development, as defined by the United Nations. As you look over each of the goals, consider how your organization and/or community are affected by them.In this video, Professor Sachs discusses the role of profit-oriented business in achieving the Sustainable Development Goals. As you watch the video, consider what things business managers should keep in mind in regards to SDGs, including how they can be used to help form the future world and economy, how they impact corporate responsibility and governance, and how they can be used in the creation of public-private partnerships (Sachs, 2019).The United States Environmental Protection Agency (EAP) has designed a framework called the E3: Economy, Energy and Environment to help communities, manufacturers, and manufacturing supply chains adapt and thrive in today’s green economy. The E3 Sustainability Tools page shows more than 60 tools/resources that E3 has assembled to help participants, stakeholders, and assessment teams address various area of improvement. Take some time to learn about the different tools. A Macroenvironment is the complete societal context within which the business organization exists, consisting of four parts :Pluralism is a distribution of power among society’s many different groups and organizations (Multiple Stakeholders and their interrelationships)Special-Interest society is one in which pluralism is pursued to an extreme: society is created and influenced by tens of thousands of groups, each with their own agendas (again, many stakeholders)A stake is an interest or share in an undertaking. A stakeholder is the person who has this interest or share. This interest may include a legal right, a moral right, or simply a strong concern for what they consider ethical or fair.Business criticism has led to business change and innovation.Explain the concepts of stake and stakeholder from your perspective as an individual. For example: what kinds of stakes and stakeholders do you have? How does this impact the decisions you make in your own life? Please be sure to use your own words (don’t just copy and paste from a website) and references your sources. Refer to the UoPeople APA Tutorials in the LRC for help with APA citations.It is your responsibility to respond to three classmates by providing comments, asking questions, or having a conversation about their main post. Feedback should be appropriate, meaningful, and helpful. For instance refer to how your own experience supports/contradicts the opinions developed by your peers. If you think they are too general or not rooted enough in personal experience, you may also ask for more detailed examples supporting these opinions. In particular make sure that the examples provided are properly referenced and that you are able to access them. Overall, your comments should contribute positively to the conversation by broadening or clarifying it. Feedback should be at least 3-4 complete sentences. After posting an appropriate, meaningful, and helpful response to your three classmates, you must rate their posts on a scale of 0 (unsatisfactory) to 10 (Excellent). The rating scores are anonymous; therefore, do NOT mention in your remarks the separate rating score you will give the peer. The instructor is the only person who knows which score matches the comment given to a peer. Some classmates may worry that some peers will not provide a fair rating, or be unable to provide accurate corrections for grammar or other errors. It is the instructor’s responsibility to ensure fairness and accuracy.10 (A) – Excellent, substantial, relevant, insightful, enriching, and stimulating contribution to the discussion. Also, uses external resources to support position where required and/or applicable. 8 – 9 (B) – Good, quite substantial and insightful, but missing minor details which would have otherwise characterized it as an excellent response. 6 – 7 (C) – Satisfactory insight and relevance, but required some more information and effort to have warranted a better rating. 4 – 5 (D) – Limited insight and relevance of the material; more effort and reflection needed to have warranted a satisfactory grading.0 – 3 (F) – Unsatisfactory insight/relevance or failure to answer the question, reflecting a poor or limited understanding of the subject matter and/or the guidelines of the question.If at any time you suspect that a post in this Discussion Forum violates UoPeople’s rules regarding plagiarism and/or any aspect of UoPeople’s Academic Code of Conduct, please notify your instructor immediately.Remember that your instructor will be reviewing responses, ratings, and comments. Your instructor will adjust ratings if he/she believes that they do not seem warranted or supportable.Below is an annotated APA list of all the reading and other resources found within this unit’s learning content.Business and Society: An Overview [PDF].Explainitychannel (2012, July 25). Sustainability explained [Video]. YouTube. Made available through KalturaMindTools. (n.d.). Stakeholder analysis: Winning support for your projects. MindToolsVideo. (2019, January 10). Stakeholder analysis: Winning support for your projects [Video]. YouTube. Made available through SDGAcademy. (2019, August 20). The role of a business in the SDGs [Video]. United Nations (n.d.). About the sustainable development goals. United States Environmental Protection Agency (n.d.). E3: Economy-energy-environment. United States Environmental Protection Agency (n.d.). E3: Sustainability Tools. University of the People (2020). Business and society: An overview presentation [Video]. Made available through KalturaWatt, A. (2018). Stakeholder management. BCampus.