Stakeholders Of Stakeholders

Firstly Stakeholder is an individual or a group who has an interest in the success of a business I delivering high results and maintaining the viability of the business’s products and services.There are internal and external

A corporate stakeholder is a person or group that can affect or affected by the actions of business (Boundless, n.d.). There are two broad groups of stakeholder, internal stakeholders and external stakeholders. Internal stakeholders are parties who directly involved in the activities of the firm such as owners, managers and workers. External stakeholders are people outside of the business for example are customers, suppliers, creditors, government and the society. (BBC, n.d.) (Boundless, n.d.). Further more, different stakeholder has its own interest in the business, employees want their wage to increase, manager or owners want to maximize the business’s profit, the society wants products that help to develop the community and consumers want products that meet their demand. Through an overview, all the stakeholders have diverse impacts on the company and it depends on the approach of the

Stakeholder theory looks at the relationships between an organization and others in its internal and external environment. It also looks at how these relationships affect how the organization conducts its activities. You can think of a stakeholder as a person or organization that can affect or be affected by your organization. Stakeholders can come from inside or outside of the

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 purpose of this paper is to recognize the definition and what a stakeholder is and what it does. I will also explain the two groups of the stakeholders and put the stakeholders in the group where they belong. I will explain what the stakeholders responsibilities are, what their ethical responsibilities to the company. Will explain what would be the appropriate response to the situation in the company. And finally explain what Joe should propose to the management team and how Joe should support his proposal.

In this paper, a stakeholder is the key to the program, where their decision is affected by the actions and decisions that are made by the organization. Stakeholders take interests in various areas of the operations of any business, but having a well put together program plan will help make

Stakeholders plays a significant role in today’s organization. “Stakeholders include any person, group or organization that has an interest in the activities and affairs of a company.” (Kokemuller, 2016) Stakeholders can also include people inside and outside of the organization. Some example of stakeholders includes employees, customers and suppliers. An external stakeholder such as the organization’s employees plays a significant role in customer value proposition. It is very important that for the organization to care for their employees as much as they care for their customers. Additionally, showing commitment to employee’s needs/want is also just as important as showing commitment to customers. “The notion is that if you take care of your

Stakeholders are a group of people or an individual who have great interest in the activities and affairs of a company. They are also people who can contribute in an organisation’s growth. Stakeholders are categorized into two groups the first one being external stakeholders which are a group of people outside the organisation for instance the Local community, customer, partners and supplies. The other stakeholders are called internal stakeholders who are group of people inside the business, example owners, shareholders and employees.

Daft (2012) defines stakeholders as “any group within or outside the organization that has a stake in the organizations performance.” Stakeholders within the organization include the owners, managers and employees while external stakeholders includes the organizations customers, suppliers, community, workers unions, creditors as well as the government. Due the variety as well as different nature of the stakeholders, each stakeholder has a different expectation from the organization as concerns their stake. It is from this characteristic and expectation that each stakeholder will be affected differently by actions and decisions as well as policies and practices implemented by the business from those of another stakeholder (Carroll & Buchholtz, 2014). This also means that the different stakeholders will act or make decisions that affect the business in a way best situated for them. Carroll & Buchholtz (2014) discuss the relationship between the business and stakeholders as one that has a two-way interaction; businesses will affect stakeholders as well as stakeholders affect the business, that is an interchange of influence. The complexity of the stakeholder-business relationship calls for

Stakeholder’s analysis is the way to identify the key factors whose influence will have a greater impact that helps to plan the support to get success. There are the benefits of stakeholder’s analysis such as; it helps to improve the

In this assignment I will be evaluating the influence different stakeholders have in one organisation. A stakeholder is someone who takes an interest in a business whether it being small or big. For example, in Nike, a stakeholder could be an employee or a customer as they would have to take massive interest in the business.

It is important to explain first of all who are the stakeholders. They are the groups of people interested in a particular business organisation. They can be separated into internal, external stakeholders and connected stakeholders.. The internal stakeholders are the employees of an organisation as well as the managers.. Connected stakeholders are the retailers, distributors, customers, suppliers. External stakeholders are the government, the press as well as the pressure groups and local communities. The whole society can also be classified as an external stakeholder. The key stakeholders for the company are employees, competitors, environmental issues, government, suppliers, media, customers, financial institutions, shareholders and local communities.

The impact and the extent of the impact that Stakeholders and the organization have over each other depends on the nature of organization and the relationship between the stakeholder and organization. Every stakeholder has its distinct affect on organization or business depending on its nature, functions and relationship with organizations. For example, government sets rates of pay, taxes, level of national insurance and introduce new legislations. Shareholders elect board of directors and vote on director’s pay levels in annual meeting. Trade unions represent its members and negotiate on behalf of its members for their rights.

            In the past it had been the common conception that businesses fundamentally rely upon, and in turn effect their economic capital, which is represented in the form of stockholders. The rise to prominence of stakeholders (through studies and reports) has allowed firms to realize that there are people and infrastructure beyond the company which are necessary to it and who must have their interests protected. An organization’s stakeholders are all parties who can reasonably be understood to be affected by its decisions. They can be deemed to represent the businesses ' social and environmental capital as well as economic. Stakeholders can be of very different and varied guises and also harbor conflicting interests. In the main they can be categorized into three major groups: Internal, Connected and External Stakeholders.

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