Essay about Stakeholders of the Offshore Wind Company

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.

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.

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

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.

            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.

In most businesses, stakeholders are the customers, investors, shareholders, employees, suppliers, government agencies, communities and others who have an interest in a company’s products, operations, and markets (Ferrell, Fraedrich, & Ferrell, 2011). Ultimately, they not only influence the course and direction of the company, but the company can influence them as well (Attend, 2015). Additionally, there are secondary stakeholders, such as: media, trade associations, and special interest groups who can have a positive impact, especially in times of corruption (Attend, 2015).

The stakeholders are the owners of the company, investors or stockholders. They pay people to manage certain aspects of the firm and trust that the reporting will be accurate and honest.

Stakeholders: owners; customers; suppliers; employees; debtors; creditors; financial institutions (banks, mortgage lenders, credit factors); environmental groups; government agencies (central government, local authorities); trade unions

Profit- We living in a society where they value profit over people nowaday. They would

Primary stakeholders are seen as what define the organisation and who are vital to its existence, managers, employees, customers or suppliers. Secondary stakeholders or those who may effect relations with primary stakeholders so competitors, government bodies, pressure groups or community groups could all affect relations. An example of this could be bad publicity from the media on a company’s product, which would then affect customer purchases. Through stakeholder analysis organisations will aim to identify the objectives of their various stakeholders. By doing this they will hope to gain a better knowledge of factors that may affect them. Once objectives are identified stakeholders can be prioritised with level of interest to the level of power or influence they may have. An example of this can be seen within the Book People, as it is a

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

Stakeholder is a person having direct or indirect interest in the firm’s objective, which include customer, board of directors, employees, shareholders, suppliers etc. They track the satisfaction of various constituencies who have critical interest in and impact on the company’s performance (Kotler Keller,2012). Take gate gourmet as an example it is the supplier of British airways, as a stakeholder it plays an important role in the development of the firm whereas it is also crucial to assess the stakeholder for maintaining the long-term relationships. There are three main connection features, which drives the value of the stakeholders. This essay will map British Airways stakeholders as well as the ethical concerns it has

In the society we live in today, many people have the misconception that there is a never-ending supply of energy available for our wasteful use. However, people must realize that the fossil fuels that we have come to depend on for our energy are quickly being depleted. There are several renewable energy resources, most of which come from the sun, that are available for our use. One of these abundant energy resources is the wind. By taking advantage of the wind, and harnessing its power to supply useful energy, people can ensure that they will have energy for as long as the sun continues to heat the earth.

It is important for a business to balance all the different stakeholders that a company might have. Some stakeholders might have different priorities than others. For example, some shareholders expect the business to give them only money while others stakeholders need good working conditions. Also, investors might wish to see proof that the company responds to environmental matters before promising money to a business. In addition, problems might happen when stakeholders compromise to the expectation of other stakeholders.

Stakeholders are the group or number of people who are directly or indirectly related to a particular business. Stakeholders can be directors, customers, employees, government, agencies, owners, suppliers, unions and the community from which the business draws its resources (Campbell, 2002). However, stakeholders are a crucial part for the success of business. If an organisation knows it’s stakeholder, then it can determine where, there is prospect for business and also by analysing stakeholders, business can set its operational activities (Graham, 2005).