stakeholders

Examples of stakeholders in the following topics:

• Internal Stakeholders

  • Organizational management is largely influenced by the opinions and perspectives of internal and external stakeholders.
  • Employees are primary internal stakeholders.
  • Owners often make substantial decisions regarding both internal and external stakeholders.
  • This graphic is a good illustration of the stakeholders involved in a search engine organization.
  • Owners are directly involved in the process, and thus described as internal stakeholders.

• External Stakeholders

  • Decisions should be made in a way that ensures all stakeholders are considered.
  • As a result, suppliers are closely related to organizations as key external stakeholders.
  • Governments can in fact be considered primary stakeholders, considering the profit motive involved.
  • While other stakeholder groups could be discussed at length, these are a few of the key pillars in stakeholder theory.
  • Identify the various external stakeholders that may be impacted by business operations

• Types of Stakeholders

  • Although all stakeholders can affect or be affected by the organization's actions, objectives, and policies, not all stakeholders are equal.
  • In contrast, secondary stakeholders are usually external stakeholders who may not necessarily engage in direct economic exchange with the organization.
  • Customers represent another key stakeholder group.
  • Some of the most powerful primary stakeholders are stockholders.
  • Funders and donors are yet another powerful stakeholder.

• Promoting Ethical Behavior through the Planning Process

  • Building in a strong sense of ethics, and an alignment with the well-being of all existing stakeholders (and society at large) is an integral aspect of the strategic planning process.
  • The concept of aligning with the needs, ethics, and well-being of all stakeholders is referred to as Stakeholder Theory.
  • All organizations have a wide variety of stakeholders.
  • Basically any group, individual, or organization impacted by operations is considered a stakeholder.
  • This code of ethics should take stakeholders concerns into consideration, and evolve organically over time as the organization grows.

• Employee Development

  • There are several categories of stakeholders that are helpful in understanding employee development: sponsors, managers and supervisors, participants, and facilitators.
  • Each of these stakeholder groups has its own agendas and motivations, which can cause conflict with the agendas and motivations of other stakeholder groups.
  • Human resource professionals should focus on aligning the interests of every stakeholder in the development process to capture mutual value.
  • Talent development, part of human resource development, is the process of changing an organization, its employees, and its stakeholders, using planned and unplanned learning, in order to achieve and maintain a competitive advantage for the organization.

• The Mission Statement

  • The mission statement is generated to retain consistency in overall strategy and to communicate core organizational goals to all stakeholders.
  • The external assessment, which includes the business's stakeholders, is valuable since it offers a different perspective.
  • How the organization provides value to these stakeholders, that is, by offering specific types of products or services
  • An example of a mission statement, which includes the organization's aims and stakeholders and how it provides value to these stakeholders.

• Why Study Organizational Theory?

  • Organizational theory studies organizations to identify the patterns and structures they use to solve problems, maximize efficiency and productivity, and meet the expectations of stakeholders.
  • Organizational theory examines patterns in meeting stakeholders' needs.
  • This concept map illustrates common internal and external stakeholders: internal stakeholders include employees and managers, while external stakeholders include customers, suppliers, creditors, and society at large.
  • A company must take all of these stakeholders' interests into account.

• Building Support for Intrapreneurship

  • Intrapreneurs need to know who the key stakeholders are and how to capture their attention.
  • Customers are also key stakeholders because their needs are the primary determinant of organizational trajectory.
  • One useful way to integrate stakeholders and speak the language of upper management is to numerically demonstrate that a new idea is financially and strategically feasible.

• Types of Organizational Branding Deliverables

  • Communicating clearly and accurately with stakeholders is a vital task of any successful organization.
  • Communicating clearly and accurately with stakeholders is a vital task of any successful organization.
  • Effective communication through use of deliverables such as annual reports and internal memos can allow an organization to provide important information to stakeholders while establishing and reinforcing the company brand.
  • They may be considered "grey literature" and may be used only to communicate with internal stakeholders.
  • Internal memos can be a great way to build and maintain a positive and transparent relationship between organizational leaders and other primary or internal stakeholders.

• Visual Scorecards

  • A good visual scorecard is easily deciphered by all stakeholders, immediately conveying areas of strength, weakness, success, or deficiency.
  • When communicating business processes to stakeholders, managers are often tempted to rely on jargon and detail-oriented descriptions of strategy and process.
  • The visual scorecard gives stakeholders a clear understanding that jargon and business-speak may not.