The key stakeholders in a business include customers, suppliers, employees, local and national communities and governments.…
Stakeholders: An individual or group interest in a business e.g. shareholders, owners, customers, competitors, employees.…
In the field of Human Services, there are many details that must never be overlooked, there are many variables that must not ever be ignored, and there are many expectations from stakeholders that most definitely must be entertained by all staff and participants who are involved with a program.…
People often think of stakeholders as people with a monetary stake in an organization, but not necessarily true anymore. In the past, people considered stakeholders the people with a financial stake in the organization that would receive profits from the success of the business. Today stakeholders cover a much broader spectrum of people such as funders, administration, staff, volunteers, community, and the target population (Yuen/Terao, 2003). Each group of stakeholders has his or her influence on the program plan as well as the success of a human service organization and programs services (Yuen/Terao, 2003).…
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 relationship with its stakeholders.…
The stakeholders might be any group of people involved in business interactions with the company. Among most significant for the business success are customers, employees, and shareholders. The customers want and need quality and awareness of the product they are paying for. This includes correspondence of the product technical condition to the safety requirements; functionality of the mechanisms due to the guarantee; provision of customer with all product information. The employees expect to have the decent job opportunities with the appropriate reward. The shareholders expect to make a profit from the company’s successful sales and business conduct (Pearce J.A., & Robinson R.B., 2003). In regards to the stakeholders of the Toyota Corporation, Toyota’s aggressively implemented a variety of measures to…
The PEACE Domestic Violence Agency has a mission to educate and bring awareness to victims of domestic violence. PEACE is committed to reducing the incidence of sexual assault and domestic violence through education and strives to challenge societal norms and beliefs that condone and perpetuate violence in the community.…
Stakeholders are a person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some of Temple Universities Fox School of Business stakeholders are as such: creditors, directors, employees, government and its agencies, shareholders, suppliers, alumni, unions, and the community from which the business attracts its assets.…
The stakeholders in a business can be a person, group or organisation that has an influence in an organisation. All stakeholders are not the same, they all have their differences.…
A stakeholder is anyone who is interested in the success of an organisation, and often the stakeholders have a large influence on the business’s aims and objectives. In this assignment I will be explaining why stakeholders would be interested in a company’s aims and objectives and why each stakeholder would be interested in my two chosen organisations joining together.There are many explanations as to why a stakeholder might be interested in a company’s aims and objectives, some for financial reasons in order to make a profit and others for employment reasons. Two different stakeholders may often have contrasting interests when relating to the aims and purposes of an organisation. For example owners generally seek high profits and so may be hesitant to see the business pay high wages to staff. A business decision to move production overseas may reduce staff costs. It will therefore benefit owners however work against the interests of existing staff who will lose their jobs. Customers may also feel negatively towards the aim to move business abroad as they will suffer if they receive a poorer service. Customers want to see good quality products.…
Stakeholders can be categorised as any party that has a share or an interest in an undertaking. This could mean literal ownership and shares in a business or an actual interest in a business succeeding as its success is in some way tied to your own. This therefore includes customers, suppliers, employees and the local community.…
A stakeholder is a person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies. Key stakeholders in a business organization include creditors, customers, employees, government, owners, suppliers, unions and the community from which the business draws its resources.…
The stakeholders are individuals or groups of people who affects or be affected by the business organization. The external stakeholders and the internal stakeholders have the effect on the business. The external stakeholders affect the business indirectly in which Amazing One’s stakeholders includes the the customers, suppliers, government and shareholders. The internal stakeholder affects the business directly in which Amazing One’s stakeholders includes the employees, owners and managers. Objectives and influence and how they meet….…
Stakeholder are groups of people who have interest in an organization and have the potential to impact or influence or to be impacted on, or to be influenced by the event. As good engagement with stakeholders is critical to successful event planning and delivery, therefore we should handle stakeholders and their needs carefully. If this crisis is poorly handled, it might create a wide impact on the event or even the event organization’s reputation. Therefore, it is very important to analyse each stakeholder, both individual and group, and then decide on the appropriate approach for each of them to keep them involved and supportive.…
The Role of Stakeholders October 2000 Olivier Frémond The recent history of the stakeholder debate has highlighted the perceived rivalry between the shareholder model versus the stakeholder model: •Shareholder model - the purpose of the corporation is to promote shareholder value •Stakeholder model - the purpose of the corporation is to serve a wider range of interests 1 The role of stakeholders Good corporate governance helps… to ensure Good that corporations take into account the interests of a wide range of constituencies, as well as of the communities within which they operate, and that their boards are accountable to the company and the shareholders. This, in turn, helps to assure that corporations operate for the benefit of society as a whole. -Preface, OECD Principles of Corporate Governance (1999)…