What Are Gm's Key Stakeholders

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.

This paper will explain GM’s most pressing challenges. Overcapacity is negatively impacted their financial results, brutal international competition is causing GM to react with target costing strategies, rising fuel prices directly impacts their cash flows and complicates capital budgeting strategies and tactics and their ongoing health care and pension costs continue to color their future earning potential.

The first key group of stakeholders are the employees. These include both managers and regular employees at all levels of the organization. The managers are in charge of overseeing certain departments within the corporation. Managers must also work to implement the company strategy and work towards accomplishing the company’s

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.

The second key stakeholder is the employees. An employer is an individual who works either full-time or part-time under a contract of employment for a business and they are getting paid. The main reason why employees are one of the components for the stakeholder of a company because the business/company provides the employee with a livelihood. If an employer works really well, they are more likely to get promotions and move up from different roles, for example – a sales assistant to a supervisor. If an employee doesn’t get treated right due to issues such as discrimination, they are more likely to not be satisfied with their job and they will not work towards their best potential. They are also more likely to quit. If an employee quits, this will cost the business/organisation more money to find someone else to replace their old employee. The advantages of employees are that this will increase the country’s employment percentage because more people are joining the labour force; this will provide the employees a better standard of living because they are earning more and this will increase the level of staff motivation because this will motivate them to do their best and they can receive promotions and

The fourth stakeholder I am going to evaluate is suppliers which are external stakeholders. Stock managers have trusted suppliers to supply them with the products they need to sell. The suppliers should provide the products on time, however if not then stock managers will find new suppliers that are better than the ones they had previously.

General Motors (GM) was one of the premier automakers of the world. Firmly planted as the leader of the big three automakers, GM, Ford, and Chrysler, years of success grounded GM as an economic and cultural icon of American business. As the Japanese auto market grew and became more efficient, turning out improved vehicles that the public wanted, GM was becoming a lumbering behemoth of inefficiency and corporate gluttony. Many circumstances contribute to GM’s road to bankruptcy including high legacy costs in union owned contracts, largely poor design, inferior quality, and low productivity.

Stakeholders are individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers1. There are several different types of stakeholders associated with a corporation, and those stakeholders can have different views and opinions on what corporation 's goals should be and how they should be running. I have interviewed three different stakeholders of Staples Inc., an employee, a customer and a stock holder, to find their relationship between them and the firm. Then, I will use this information to suggest how the firm should proceed and continue to have a better and more beneficial

When I visited General Mills website, I was instructed to identify their company’s mission and vision and stakeholders. After identifying the vision and stakeholders of General Mills, I will compare and contrast them to Kellogg and Conagra.

Historically, General Motors was recognized as a “good stand in for the corporation” (Davis 6). At the top of GMs successful reign they carried nearly a million employees

Even though GM has been given some advantages, it is experiencing problems in Europe and in South America (Kinicki & Williams, 2013). The home market is proving to be a challenge, also. Toyota and Honda are standing out as stiff competition. One plan to help achieve the profit goal for GM is to reduce auto platforms by

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.

Several internal and external stakeholders were described in the case study Western National Insurance. They include independent agents, employees, business partners, customers, business customers, regulators, policyholders, Creameries, board members, homeowners, managers, A.M. Best, and reinsurance brokers. Leadership must fully understand the importance between engaging stakeholders and profitability.

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