logo image

Management and Stakeholders

Stakeholders are people who may be affected by or have an effect on an effort. They may also Include people who have a strong Interest in their business. Stakeholders are generally said to have an Interest In an effort or organization based on whether they can affect or be affected by it. The more they stand to benefit or lose by it, the stronger their interest is likely to be. The more heavily involved they are in the effort or organization, the stronger their Interest as well. Who are the key stakeholders?

Owners who are interested in how much profit the business makes. Managers who are concerned about their salary. Workers who want to earn high wages and keep their jobs. Customers who want the business to produce quality products at reasonable prices. Suppliers who want the business to continue to buy their products. Lenders who want to be repaid on time and In full. The community Why are they important? Owners have a big say In how the alms of the business are decided, but other groups also have an influence over decision making.

For example, the directors who manage the day-etc-day affairs of a company may decide to make higher

Need essay sample on "Management and Stakeholders"? We will write a custom essay sample specifically for you for only $ 13.90/page

sales a top priority rather than profits. Customers are also key stakeholders. Businesses that ignore the concerns of customers find themselves losing sales to rivals. In a small business, the most important or primary stakeholders are the owners, staff and customers. In a large company, shareholders are the primary stakeholders as they can vote out directors if they believe they are running the business badly. Less influential takeovers are called secondary stakeholders.

Management and Stakeholders By charitable may also include people who have a strong interest in their business. Stakeholders are generally said to have an interest in an effort or organization based on whether or organization, the stronger their interest as well. Workers who want to earn high wages and keep their Jobs. Want to be repaid on time and in full.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy