An analysis of aims objective and stakeholders

When to use it? Customers would want aims and objectives that are focused on satisfying their needs as customers.

Stakeholders in business

At an operational level, an individual manager may undertake a stakeholder analysis within their own division or department in order to better manage the motivation, cohesion and commitment of key stakeholder groups. When to use it? They would both be concerned for the success of the business as the employees would want to be getting paid well and the volunteers would want to get an experience of helping people out. The needs of each stakeholder should be understood, respected and incorporated into company thinking and plans. By classifying stakeholders in this way, one can determine cases where: Significant awareness-raising is required to turn a highly-influential but low-interest stakeholder into an interest potential stakeholder Significant capacity development is required to turn a stakeholder with high interest but low influence into a stronger potential stakeholder. Each stakeholder looks to protect his own interests by ensuring his objectives have been met. Local and national communities The actions of business can have a dramatic effect on communities. Questions which can be used to analyse further: Which problems, affecting which stakeholders, does the MSP seek to address or alleviate? At strategic level an organisation may conduct a broader review of stakeholder relationships to inform the strategy making and objective setting process. Employees Employees are the workers employed by the firm. Stakeholders can affect or be affected by the organization 's actions, objectives and policies. Fundamental to stakeholder thinking is that the interests of all stakeholders are taken into account in order to maximise the value of the organisation. Customers often identify with the brands they buy. Suppliers want their prompt payment.

Customers want to achieve value for their money through quality products, reliable services, good customer care and fair prices, among other factors. Customers would want to know how the British Red Cross operate, and where their donations distribute their services to.

Internal and external stakeholders objectives

Government The government is a major player in any business environment as it plays a regulatory and supervisory role. However, it is rarely so clear cut. To achieve this, managers need to identify their key stakeholders, and understand their interest in, contribution to or effect on the organisation and its ability to meet its objectives. Shareholders Shareholders have a stake in the firm through their share ownership. Employees Employees are the workers employed by the firm. They want the company to produce high quality products for them. This article will be about local, national and global businesses, this article will be discussing two contrasting organisations. They will usually want Mark and Spencer to do well since they will rely on jobs or money from the business. Customers often identify with the brands they buy. They want to experience the best possible service and products which are good value for money. Fundamental to stakeholder thinking is that the interests of all stakeholders are taken into account in order to maximise the value of the organisation. They are important players, thus every business should ensure that it does not compromise their needs. Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. It generates insights on the importance and influence of each stakeholder. Matters such as tax payment, licensing, standardization and protection of consumer welfare form part of the objectives of the government with regards to companies.

At an operational level, an individual manager may undertake a stakeholder analysis within their own division or department in order to better manage the motivation, cohesion and commitment of key stakeholder groups. It generates insights on the importance and influence of each stakeholder.

Types of stakeholders

Background of JD sports 3 3. Equally stakeholder management is relevant to projects and programmes. It generates insights on the importance and influence of each stakeholder. They either earn capital gains through the sale of shares or earn dividends declared by the firm. Local and national communities The actions of business can have a dramatic effect on communities. Stakeholder theory argues that the interests of all stakeholders — not just those with a financial stake in the business - should be taken into consideration. Fundamental to stakeholder thinking is that the interests of all stakeholders are taken into account in order to maximise the value of the organisation. This makes it easier to anticipate problems, gain the support of the most influential stakeholders, and improve what the organisation offers to different groups and individuals and how it communicates with them.

The aim of stakeholder analysis is to provide decision makers with information about the individuals and groups that may affect the achievement or otherwise of their goals.

Customers Customers keep companies in business by purchasing their products and subscribing to their services. Background for Oxfam 5 6.

stakeholder objectives definition

The needs of each stakeholder should be understood, respected and incorporated into company thinking and plans. Employee They would want to earn high wages and keep their jobs.

stakeholder objectives tutor2u

They are important players, thus every business should ensure that it does not compromise their needs. Government The government is a major player in any business environment as it plays a regulatory and supervisory role.

internal stakeholders objectives

Proponents of this approach argue that this approach will contribute to the success of the business and ultimately the interests of shareholders.

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Stakeholder Analysis: Importance/Influence Matrix