Net Map : A Four Stage Iterative Approach

A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments, these are groups outside of the business.

The first step in covering stakeholder engagement is to first determine who a stakeholder is. A common misconception is that

The first step in the process is to identify and define the problem at hand. During this step, all the information is gathered and looked over. This allows for the problem to be clearly identified and hopefully making the whole process easier. Step two of the process is to begin generating possible solutions. In this step, managers can begin formulating one or several potential solutions (Lombardi, Schermerhorn, & Kramer). Before going onto step three, some additional information may be required, because step three is when a plan of action is chosen. In the fourth step, the chosen plan is implemented. It is the responsibility of the manager to make sure this portion goes smoothly. Everyone on the team should know exactly what they should be doing. The final step in the process is to review the results. In reviewing the outcome of the action plan that has been chosen, you may find things that need to be altered and you may find things that are going perfectly. At this point the appropriate changes should be made.

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.

In this assignment, I will be talking about what stakeholders mean and the different components of the key stakeholders based on two organisations: Debenhams and Water Aid. A stakeholder is when a person shows a keen interest in the activities of a business, directly or indirectly.

Stakeholders are individuals or groups that partake, or assert, possession, privileges, or benefits in a, organization and its accomplishments, previously currently, and in the upcoming (Barrett, 2001). These requested privileges or benefits are the result of communications with, or activities reserved by the organization, and they must be lawful or ethical, separate or combined Stakeholders with comparable benefits, entitlements, or privileges can be categorized as fitting into the similar collection: personnel, investors, and clients (Barrett, 2001). The better the impact these groups have on client’s lives and the extra community assets with which they are assigned, and it becomes vital that they are responsible (Barrett, 2001).

The various stakeholders have been grouped under the influential outcome to manage the legislation who are all the democrat, the groups of advocacy, the US Senate and the Bush administration and republicans.

Every stakeholder have their own process and roles, it can affects or can be affects by organization’s action. All stakeholders have own satisfied and unsatisfied (appendix 2).

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

Stakeholder mapping identifies stakeholder expectations and power and helps in understanding political priorities and underlines two issues:

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

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

Stakeholders “represent very important constituencies or groups of individuals who are part of an organization or

Formulating a network diagram, likewise alluded to as a logic diagram, in order to comprehend and envision how each task will continue is an extraordinary path to begin. It is a basic idea within project management planning that is effectively utilising as a part of application, commonly used as a part of assembling commercial enterprises, and also to outline and comprehend work processes are what service industries requires. It distinctively shows the rational rules for influencing tasks. (Holland, 2014) The development of the network diagram by incorporating the project team acquires an agreement of comprehension of how the undertaking ought to be accomplished. Nonetheless, giving a discussion to testing acknowledged

Stakeholders can be defined as a person, group, organization, or system that affects or can be affected by an organization’s actions. Examples of stakeholders in accounting are; owners, suppliers, customers, government, employees, creditors, and labor unions. These people are classified into four categories; Capital Market, Product or Service Market, Government, and Internal Stakeholders. Capital Market Stakeholders provide the major financing for the business to begin and continue its operations. Some examples of the stakeholders are banks and owners. Product or Service Market Stakeholders are buyers of products or services and vendors to the business. Examples of Product or service market