Ministry of Sound Case Study Essay

In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation.

The first stakeholder I am going to evaluate is customers which are external stakeholders. Customers contribute to profit levels and turnover through buying products and services. People are stakeholders in a company for financial reasons, customers do not want to have to spend an excessive amount of money to purchase a product, so if the product is cheaper in one store, such as Tesco, than in another store then customers will buy the cheaper one which then attracts more customers.

Stakeholders have a significant influence on the aims of an organisation. They are the people who are affected by or interested in the business. In some organisations the shareholders are stakeholders, and at times have some of the decision power. In trade organisations, customers are also considered stakeholders; therefore their needs are part of the organisation’s overall objectives.

As a member of management Clive Jenkins is responsible for boosting employee morale to ensure that company goals are met

I am going to evaluate how important it is for stakeholders to exert on an organisation. This is stakeholders such as employees, customers, shareholders, suppliers, owners and the government. I will also state if the influences have positive/negative effects on the long term success of the organisation.

The case study focuses on an employee, Paul Keller, who is being affected by a number of factors. His job performance is hindered by constraints such as his work environment, his home environment, stressors, mood, and the management style of his superior. The case study demonstrates how his job performance is affected and what the consequences could be as a result of his poor job performance and lack of concentration.

Stakeholders are the people who matter to a system. Stakeholder power analysis is a tool which helps understanding of how people affect policies and institutions, and how policies and institutions affect people. It is particularly useful in identifying the winners and losers and in highlighting the challenges that need to be faced to change behaviour, develop capabilities and tackle inequalities.

Have you ever had a colonoscopy or endoscopy – where they take a camera and look through your mouth down into your stomach; or a camera that goes in your rectum that looks through your bowel and intestines?

Especially, it should be determined that how these stakeholders are influencing the objectives and development of an organization.

Ferrell (2004), describes stakeholders as employees, customers, shareholders, and suppliers. (Company Name)Human Resources Department commitment to stakeholders is very important and reflects the highest standards regarding professional ethics and conducts. All stakeholders’ role in the company is vital for success. The human resources goal is to comply with ethical codes, policies and procedures as well as all state, federal, and national laws.

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

The goals provided above collectively represent the overall aim of the system. In order to further understand this aim and to thus begin to design and develop the system it is necessary to fully consider the stakeholders who are effected by, and/or who have an effect on the system. The next section provides an illustrative breakdown of the stakeholders and their proximity to/from the system. This then forms the basis of the stakeholder roles provided in section 2.2.

Stakeholders are those individuals who may be affected or have an effect in an organizations depending on the decisions that may have been made. One of the most important reason for identifying and understanding shareholders is that it allows the organization to recruit them as part of the effort in anything there are involved in. participatory effort and representation of as many stakeholders as possible ranging from internal to external has possible advantage. Internal stakeholder is a groups within an organization who work directly within the organization, such as employees, owners, and investors. In the other case external stakeholders

External stakeholders are defined as “groups outside a business or people who are not directly working within the business but are affected in some way from the decisions of the business” (Boundless, 2015). Stakeholders can have diverse levels of involvement in the organization and potentially impact an organizations

As I’ve explained in my previous article, the stakeholders in an organisation are its customers, employers, employees, government, owners and suppliers amongst others. The stakeholder can be a person, group or even an organisation that has an influence in a company. Stakeholders are different from others as they can have a different type of influence on a business. Every business has aims and objectives. An aim is a more broad term and is what the business would like to achieve in the long term, where as an objective is more of a short term thorough approach on how to achieve the long-term aim. Detailed objectives are known as SMART objectives, this is a mnemonic acronym, providing criteria to guide when setting objectives.