Princeville Paradise Ice Cream Shoppe manufactures and sells premium ice cream in a unique Hawaiian environment. Princeville

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Princeville Paradise Ice Cream Shoppe manufactures and sells premium ice cream in a unique Hawaiian environment. Princeville Paradise's management performed a stakeholder engagement exercise to identify its most important stakeholders, given its strategy to "Provide tourists and residents with the best ice cream experience in the islands." The exercise revealed that Princeville Paradise's top four stakeholders are customers, employees, local suppliers, and regulators.

Required:

1. For each stakeholder, list and briefly describe a risk that the stakeholder poses to Princeville Paradise achieving its strategy.

2. For each risk described in Requirement 1, list and briefly describe one nonfinancial performance metric that Princeville Paradise management should use to measure how effectively this associated risk is being managed.

3. For each nonfinancial performance metric in Requirement 2, list and briefly describe one financial performance metric that Princeville Paradise management should use to measure in financial terms (i.e., to investors) how the management of the associated risk ultimately affects the company's financial performance.

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...
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Managerial Accounting The Cornerstone of Business Decision Making

ISBN: 978-1337115773

7th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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