The Cornerstone Of Stakeholder Management

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 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.

Stakeholder is anyone with an interest in a business. Stakeholder can be individuals, groups or even organisations that are affected by the activity of the business, they include:

To produce a set of recommendations in a written document about how McDonalds PLC, can reduce its carbon footprint through the management of key stakeholder relationships.

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

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 stake holder is anyone with an interest in a business. Stakeholders are individuals, groups or organizations that are affected by the activity of the business. Internal stakeholders are groups within a business or people who work directly within the business. External stakeholders are those individuals or groups outside a business.

The aim of stakeholder management and reporting plan is to summarize and communicate project progress and issues to the various stakeholders. Reporting the progress of the event accurately and regularly allows for better quality decision-making. There would like to discuss with the key stakeholder in following sections.

In my opinion, stakeholder management is significant to the success of every project in every organization. By engaging the right people in the right way in all projects, it can lead me to be successful. However, my plan to engage stakeholders will start from I have to understand clearly each step of stakeholder management so that I can potentially communicate and engage with my stakeholders. First, what I have learned in this class is identifying stakeholders into primary stakeholders, secondary stakeholders, social stakeholders, nonsocial stakeholders etc. Classifying stakeholder helps me to prioritize our stakeholders more effectively. Second, prioritizing stakeholders is a useful way to know who affect or are affected by my work. It can be people or organizations. Some of these may have the power either to hold back or support my projects. Some may be interested in what I am doing, others may not care. Therefore, I will be able to know what opportunities and challenges my stakeholders present to my organization. Third, stakeholder approach is also critical way to manage my project or organization better because it can be more ethical and sustainable. I have to consider the responsibilities of my organization to my stakeholders not only making profits but also following regulations, being ethical and having good

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

The (word) stakeholder means any person with an interest in business, someone who can contribute to the company grows and success or who benefits from its success. The various stakeholders in business have differing role and their level of involvement in the enterprise varies

A company’s stakeholders are individuals or groups with an interest, claim, or stake in the company, in what it does, and in how well it performs. They include stockholders, creditors, employee customers, the communities in which the company does business, and the general public.

Generally speaking, stakeholders are individuals or entities who stand to gain or lose from the success or failure of a

Stakeholders:- A group that has interest or concern in an organization . stakeholders can affected by the organization’s objectives and policies. stakeholder are creditors, directors employees, government , owners and the community from which the business draws its resources. Not all stake holders are equal. A company customers are entitled to fair trading but they are not entitled to same consideration as the company’s employees. Working in public relation we tend to focus our efforts to protect our client who is an important

Stakeholders are an integral part of a project. They are the end-users or clients, the people from whom requirements will be drawn, the people who will influence the design and, ultimately, the people who will reap the benefits of your completed project. Stakeholders are any individual, group or business with a vested interest (a stake) in the success of an organization is considered to be a stakeholder. A stakeholder is typically concerned with an organization delivering intended results and meeting its financial objectives. It is extremely important to involve stakeholders in all phases of your project for two reasons: Firstly, experience shows that their involvement in the project significantly increases your chances of success by building in a