Compare And Contrast The Case For `stakeholders` Running Firms In Comparison To Local Communities Running Local Firms.

This serves as key functions such(prenominal) as hiring recruitment , salary , evaluation and management of performance , promotions and managing relationOn the other side , topical anesthetic communities would try to employ only those from their community or subscribe the management positions with people from their own community . This is tribalism . Some of these employees major power not possess the required skills and qualifications hence facilitating the collapse of such organizations . Remuneration or rather compensation great power also create problems as those with similar qualifications and experience whitethorn aim different packages creating job dissatisfactions low productivity and finally the employees might leave the firm . Another conflict might be in promotions . Every employee need to be recognized for his or her achievements and rewarded and one form of doing that is through promotion . In legitimate scales this is not done as required . In the case of stakeholders running the firm , the chances of tribalism and nepotism ar minimal as the parties be many and hence the human resource department is left(a) to discharge its duties effectively with little interference from the firmRegional developmentMost firms argon placed in the urban centers .

However , if local communities can be allowed to run local firms then more firms or branches would be established in the rural areas . Regional development entirely refers to advancement of the provision of aid and other assistance to parts which are less economically developed . Regional development may be domestic or international in character . The implications and scope of regional development may therefore leave in accordance with the definition of a region and how the region and its boundaries are perceived internally and externallyInnovations and Competition - this term refers to both(prenominal) radical and incremental changes to products , processes or services . The often unvoiced goal of innovation is to solve a problem . Innovations are intended...If you want to get a full essay, order it on our website: Orderessay

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