Identifying Key Stakeholders

The key stakeholders in a business include customers, suppliers, employees, local and national communities and governments.

The first key group of stakeholders are the employees. These include both managers and regular employees at all levels of the organization. The managers are in charge of overseeing certain departments within the corporation. Managers must also work to implement the company strategy and work towards accomplishing the company’s

The company has mission, vision as well as core values. Its mission focuses on creating a conducive environment where guest satisfaction is its highest priority. Its vision focuses striving hard in order to surpass its own accomplishment for the purpose of recognition in the industry as the leader. Lastly, its values are passion of excellence, integrity, respect and responsibility, people, service-Mindedness, Dynamic leadership and high performance (Kliman, 2006). The company's mission, vision and core values help in bringing together all the employees towards achieving a common goal. In addition, they help them to remain focus to certain objective (Gabriel, 2008). This has

The “Leadership Crisis of Steelworks Xiamen Plant” article impartially shows events happened in Steelworks which have led to an unpleasant break between the new CEO of Steelworks, Kumar, and the general manager of the Xiamen 's plant. Since 1960s, Steelworks has provided metal products and services for construction sector in different Asian countries. In 2005, Steelworks was acquired by Southern Metals, a well-known and respected Indian metal company. Because of the different philosophy of the new CEO Kumar from his predecessor, some problems emerged in the Chinese branch of Steelwork company. The critical point was the project "3C", which Kumar has created as a key for reorganization of regional branches of Steelworks’. According to S. Heidari-Robinson, advisor of the British Prime Minister David Cameron and S. Heywood, problems are inevitable in any company restructuration, because it unlocks existent values and brings up new ones ' (Heidari-robinson & Heywood , November 2016). Indeed, this project produced an escalation of conflicts in relationship between the headquarters of Steelworks in Singapore and C.H. Chan, the general manager of the Xiamen plant. Thus, to better understand this in study case, we are going to analyze the perspective of Chan, the relationship between Kumar and Chan, their two distinctive personal and cultural dimensions, and finally suggest what Kumar could have done differently.

Each stakeholder has a different criterion of responsiveness, because they have a different interest in the organization. Most organizations are similarly influenced by a variety of stakeholder groups. Investors, shareholders, employees, customers and suppliers are considered primary stakeholders, without whom the organization cannot survive. Other important stakeholders are the community, which have become increasing important in recent year.

The second key stakeholder is the employees. An employer is an individual who works either full-time or part-time under a contract of employment for a business and they are getting paid. The main reason why employees are one of the components for the stakeholder of a company because the business/company provides the employee with a livelihood. If an employer works really well, they are more likely to get promotions and move up from different roles, for example – a sales assistant to a supervisor. If an employee doesn’t get treated right due to issues such as discrimination, they are more likely to not be satisfied with their job and they will not work towards their best potential. They are also more likely to quit. If an employee quits, this will cost the business/organisation more money to find someone else to replace their old employee. The advantages of employees are that this will increase the country’s employment percentage because more people are joining the labour force; this will provide the employees a better standard of living because they are earning more and this will increase the level of staff motivation because this will motivate them to do their best and they can receive promotions and

In the IT and business field, the stakeholders can be many different people. Talks of tech have a great definition of stakeholders stating that: "Any person who has interests in an existing or

In healthcare the stakeholders are key element of the organization. The stakeholders are the Providers, Payers, Employers and Patients. The stakeholders are individuals with some stake or concern in the process. The customers want the lowest rate and the highest quality of provision. The employers want job security, a decent workplace and benefits. The corporation desires to see the highest revenue for the lowest total cost.

“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”

Primary stakeholders are those people who are active members of the Healthcare Group such as board of directors, functional members, shareholders, patient, senior manager and employees. For the success of a Healthcare organization, management of the stakeholders is an important step.

Stakeholders are people or groups with interest in an organization that can affect or be affected by the organization itself, its objectives, or its policies (BusinessDictionary, 2015). Each stakeholder brings their own perspective to the table based on their relationship with the organization (e.g. internal or external role), their level of experience, and their area of expertise about the subject matter they are involved with. At a high level, the list of stakeholders for any organization could include people or groups such as: customers, employees, government agencies, suppliers, unions, community resources, shareholders, and business owners. For the purpose of this assignment, I will discuss and review stakeholders relative to the

A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers, customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in case it is sole

Tata Steel is a truly global company with a well established presence not only in India but around the world in large economies as well as emerging economies.. In the year 2013, it was the 11th largest steel producing company in the world and the second largest steel company in India (measured by domestic production) after the State run entity- Steel Authority of India Limited.

Since its establishment, Tata has shown a strategy of incremental change. Arguably, that point was important because so the group might vary within the current market. In the nineteenth – century steel was seen as an unprofitable section. Even more than 50 independent steel producers went into bankruptcy in the USA (Business Monitor International Ltd, 2010: 54).

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited, is the world 's sixth largest steel company, with an annual crude steel capacity of 31 million tonnes. It is the largest private sector steel company in India in terms of domestic production. Ranked 258th on Fortune Global 500, it is based in Jamshedpur, Jharkhand, India. It is part of Tata Group of companies. Tata Steel is also India 's second-largest and second-most profitable company in private sector with consolidated revenues of Rs 1,32,110 crore and net profit of over Rs 12,350 crore during the year ended March 31, 2008. Backed by 100 glorious years of experience in steel making, Tata Steel is among the top ten steel producers in the world