assess the relationship and communication with stakeholders of nike

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Customer relationship management is a collection of specific guidelines, principles, and practices which organizations adhere to while interacting with their customers. P2 (4.1.2): Evaluate the extent to which Morrisons achieves the objectives of three stakeholders: Businesses, like people, are part of the world community and as such have responsibility for the activities carried out in their name. - Department head for Delivery Logistics and Shipping, leading a team of functional managers and the coordinators and associates reporting to them. In the case of Nike a more effective ethics program would have ensured that they do not hire children to work for them in their factories. 810 certified writers online. It also says that is essential to have a strategic and global approach toward working with stakeholders. its stakeholders in various ways such as social media, leaflets, q and a, newsletter and through the mobile app. This has had a major effect on the way communication takes place in the business because they help to play an important role in the effectiveness of communication. Its net income also rose by 13% and diluted Earnings P These strategies are developed within every department of the company. Huge Customer base Nike has millions of customer from around the world who loyally follow Nikes trends, participate in Nike events, and even provide customer feedback. Developing an effective stakeholder relations strategy requires a clear-eyed view of the situation in question, starting with an assessment and map of the organization's stakeholders. This is a very detailed work of the communication methods Nike applies. The goals of the communication plan are: 1. Common examples of stakeholders include employees, customers, shareholders, suppliers, communities, and governments. The main methods of ICT Sainsbury uses externally Face to face: Sainsbury sets up a customer service desk which deals with customers enquiries and complaints. The highlight of the social media communication strategy of Nike is that it has around fifty microsites maintained separately and tailored to meet the requirements of integrated marketing communication strategies (Anderson, 1999). Nike has also employed process focus as a driver for performance improvement. Like any other organisation, employees are very vital for Tesco, so are the managers. Term Paper. These can be government agencies, people directly affected by the project, local communities and associations, consumers, employees, suppliers, mayors, etc. The latest Lifestyle | Daily Life news, tips, opinion and advice from The Sydney Morning Herald covering life and relationships, beauty, fashion, health & wellbeing In business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. relationship marketing strategy. A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Functional strategies. Customer relationship management tools include the software and browser- based application that can receive and organize the information about the customer and then provide to the employee with the information that they need to know their customers wants and needs. (Refer to AC1.1 Identify a range of stakeholder groups relevant to the manager; AC1.3 Assess the benefits of building relationships with stakeholders and the Indicative Content for this AC) COMPLETE THE TABLE: Stakeholder group. Internal stakeholders of Tesco. If you say you are going to do something, then do it. Engage a wide range of stakeholders early as a key input into the process. We then evaluate the Nikes sales and profit trend along with its market share. wholesale wide brim hats. Nikes stakeholders analysis includes the following points that highlight the initiatives taken by the company for the interest of stakeholders: Customers: Nike gives the topmost priority to the customers by providing them high- quality shoes, equipment, If the stakeholder feels you are not keeping your word they will begin to lose respect for you and feel that you do not respect them. The project communication plan sets the standards for how and when communication takes place. - Strategic decision-making based on rigorous data analysis. The companys vision is to reduce its environmental impact by sustainable use of resources, such as materials, water, and energy. The aim of this project is to evaluate Nike Inc.s marketing Strategy. Then answer the four discussion questions. CRM programs implemented by Nike are mainly operational and strategic. Indeed, it. Assignment successfully met all criteria set by the board. Many organisations also want to live up to the values and identity that they communicate to the outside world, and ensure that behaviour is aligned and integrated with their overall strategy. Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders. Hong Kong. All our academic papers are written from scratch. Communicating with stakeholders is a crucial CSR activity and at the heart of CSR communication. Nike manages its stakeholder relationships with a global communication department. Nike Sweatshops Nike is the largest seller of athletic footwear and apparel in the world. Primary stakeholders are the people or groups that stand to be directly affected, either positively or negatively, by an effort or the actions of an agency, institution, or organization. The highlight of the social media communication strategy of Nike is that it has around fifty microsites maintained separately and tailored to meet the requirements of integrated marketing communication strategies (Anderson, 1999). March 25, 2022 by Essays. The customers are one of the main key stakeholders of Tesco which have a major role on Tesco. Nike could introduce the use of fairtrade in the manufacturing process to ensure their workers receive a sufficient salary, This would increase the sustainability of the company as well as improving their reputation. Stakeholders'Conflicts. Nike has common drivers that produce superior performance. The purpose of this essay is to analyse the relationship between companies and their stakeholders and to determine whether or not good relationships with stakeholders lead to benefits, therefore possibly leading to significant cost savings. Nkolfoulou. Jan 2021 - Nov 202111 months. Strategy and Operations Manager. Stakeholder relations. Where can you go for help? Dont let scams get away with fraud. This document contains 1 conference paper abstract and 10 papers from a conference on business education and information systems research. Introduction. Rue Numro 5500. jobs during covid for students Report at a scam and speak to a recovery consultant for free. Keep up the good job guys Build your custom Nike shoe. The aim of stakeholder relations management is to influence stakeholder attitudes, decisions, and actions for mutual benefit. The study of crisis management originated with large-scale industrial and environmental disasters in the 1980s. I prefer to work exclusively with progressive, ethically minded businesses that understand the value of marketing, creativity and are ready to GROW. All our clients are privileged to have all their academic papers written from scratch. The representatives are one stakeholder with a significant impact and interest in the Sainsburys company. More detail of the task has been shown below. Money-back guarantee You have to be 100% sure of the quality of your product to give a money-back guarantee. Thats why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe. The company operates in the US Europe Asia Pacific the Middle East and Africa. Stakeholders are important and can affect the running of the business. The goal of stakeholder analysis is to develop a strategic view of the human and institutional landscape, and the relationships between the different stakeholders and the issues they care about most. Morrisons are also responsible to a range of stakeholders with often differing and conflicting aims. A Assess the relationship and communication with stakeholders of two contrasting businesses using independent research. This document describes a communication plan that is designed to improve the communication strategies employed by Nike Inc. Michael Joseph Bonsu. Excellent communication and relationship-building skills, with an ability to prioritize, negotiate, and work well with other agencies and departments Lead the communication between business stakeholders, Technology, and vendors Company and stakeholder groups involving multiple representatives that change over time. UNIT CMI 305 Building Stakeholder Relationships Using Effective Communication. The current ratio, while not a major strength, shows that Nike is inline with the industry concerning ease of converting assets to cash to cover short-term obligations. The quick ratio of 1.43 is above the industry average of 1.17. Nike has made use communications audit in corporate communication this thesis to legitimize its skateboarding culture. Nike used internet marketing, email management technologies, and using broadcast and narrowcast communication technologies to create multimedia marketing campaigns. Netflix and Cancer Research Uk2 evidence structure - PREDIJ = Point, Reason, Organizations are influenced by a variety of external stakeholders. You are accountable for what you are responsible for. How, then, can organisations begin to assess the relationship between M1- Assess the relationship and communication with stakeholders of two contrasting businesses using independent research. Delivering a high-quality product at a reasonable price is not enough anymore. We provide solutions to students. can be argued that communicating with stakeholders is This describes us perfectly. Aug 2008 - Oct 20135 years 3 months. The paper "Nike Company Communication Analysis and Communication Plan" is a good example of a marketing case study. 5 tips for an effective communication strategy for stakeholder engagement. For example, Nike Fuel enables customers to record their progress through the use of Nike Plus devices. Stakeholders are groups or individuals that have an interest in a business. The business I chose to use for this assessment were Apple UK and Oxfam. Suggest three ways in which the primary stakeholders can influence the organizations financial performance.

assess the relationship and communication with stakeholders of nike