ipl-logo

Stakeholder Power In An Organization: A Case Study

802 Words4 Pages

3.0 Stakeholder power Stakeholder knew as the prime source for the organization unit (Kristen, 2015). Stakeholder refers to any group or individual who can be affected or affected by the entities achievement (Mayers, 2005). In fact, Mayers divided the stakeholders into four categories; first, the business partner sector includes employees, suppliers, and distributor. Second, the external influencers are media and society. Third, the regulatory authorities involve government agencies. Then customer and client segments include choices of customers towards products and the service of the business. What we know about stakeholder is based on setting priorities, objectives and involve into the decision making of the corporation. Other contributors have identified stakeholder into different types as discussed below.
3.1 Stakeholder types Keim & Hillman, (2001) agrees with above definition where stakeholder is responsible for being affected by or who can affect business outcomes. Their review underlines multiple categories of stakeholder in the organization; Primary stakeholder and Secondary stakeholder. The primary stakeholder is those who operate within the organization frameworks, e.g., administrators, while Secondary stakeholder is those who provide the inputs and compete with the …show more content…

According to Aaltonen & Kujalab, (2010) Table 1 stakeholder influence strategies classifies into four types based on the relationships between stakeholders and organization. The procedures are direct withholding, direct usage, indirect withholding and indirect usage. Aaltonen & Kujalab, (2010) define withholding strategies as those who provide resources to a company in return for making changes in particular behavior. While, usage strategies processed in which the stakeholder continues providing resources, but with certain

Show More
Related

  • Why Are Stakeholders Important In Healthcare

    133 Words  | 1 Pages

    Some of the important stakeholders include: internal (executive and senior management, such as CFO, CEO, CNIO, CMIO, CIO, departmental directors), interphase (focus groups representing front line clinicians, pharmacists, nurses, other allied healthcare professionals) and external ( e.g. government regulatory bodies, patients, accreditation associations). As a stakeholder is any individual that can affect or be affected by the CIS deployment, it is important to identify and engaging them early on is critical to the latter success. The interphase stakeholders know best the workflows at the point of care and will help identify a system that is compatible with the needs and has functionality that is in line with the processes. The internal stakeholders

    Read More

  • Richard Graeter's Stakeholders

    259 Words  | 2 Pages

    A Stakeholder is any individual who has a vested interest in a business and is affected by the organisations decisions and strategies (Pride, Hughes & Kapoor 2015, p. 10). Therefore, the people most affected by Graeter’s decisions to take a long term view of the business rather than aim for short term profits are the family members who have a stake in the business. At the present, Richard Graeter II (CEO), Robert Graeter (vice president of operations) and Chip Graeter (vice president of retail operations) manage the business and are responsible for all the decisions regarding its operations. Graeter’s management team have chosen to forgo the opportunity for short term profits by adhering to the traditional manufacturing process used by Louis

    Read More

  • Case Study Of Target's Stakeholders

    1172 Words  | 5 Pages

    Know Your Business Environment Unit No. 1: The Business Environment Pervez Ghazi Shaikh Date Submitted: 31/10/2016 Carl Loraine Cruz 20154176   Target is the organization that I have chosen for this assignment. Target is a famous discount retailer in United States that was founded by George Dayton. It was formerly called Dayton’s Company in 1910.

    Read More

  • Stakeholder Salience Theory Case Study

    1043 Words  | 5 Pages

    The Stakeholder Salience Theory, created by Mitchell, Agle and Wood, are based upon the combination of the three relationship attributes to generate general types of stakeholders. These attributes include: Power; Legitimacy; Urgency. “Stakeholder salience” is defined as the degree to which managers give priority to competing stakeholder claims. Therefore if a stakeholder consist of all three attributes, he/she/it will be of most importance and will have more rights and privileges than a stakeholder that consists of only one of the three attributes. As seen in the picture on the right, you can differentiate between the different types of stakeholders, according to where they get placed given the attributes they consist of.

    Read More

  • Stakeholder Analysis Body Shop

    941 Words  | 4 Pages

    Introduction This case study explores the acquisition of the Body Shop, which is one of the largest franchise cosmetics companies in the world, by L’Oreal. The main concentration of the case study aims at investigating the impact on business ethics and corporate social responsibility by the concentricity of the Body Shop and L’Oreal and how the general attitude and buying behaviour is distorted in the course of this acquisition. L‘Oreal being the big conglomerate in the cosmetics industry acquired the Body Shop International which is comparably small but having iconic brand of environmental and socially responsible concerns, on 17 March 2006, through a covenant of $1.2 billion. The combination of two brands in a newly formed conglomerate implies a combination of values, principles and associations that might affect a company’s appeal. The verity that L 'Oreal 's acquisition of the Body Shop provides plenty of potential growth opportunities is undeniable; nevertheless the question of how well the acquisition sits in the group of the world 's largest cosmetics company is another matter.

    Read More

  • Conflict Of Interest: Case Study: Conflict Of Interest In A Business

    1013 Words  | 5 Pages

    The case study that I chosen is the Conflict of Interest: Case study 2. As it mentioned in the case study, Hardeep who is the IT manager in a government department with more than 500 staff members and six branches across the Australia. He received the two offers from company A and company B of proposal (RFP) for the procurement of the software for the new ERP system. Now he is in an ethical dilemma when he has to choose the best offer, as he found out the offer who made by Mandeep is the general manager of company B is his best friend. He discovered that the offer from company A is better than company B. He realized that company B’s software may require more modification where increase the total cost.

    Read More

  • Stakeholder Analysis: Lockheed Martin Corporation

    1461 Words  | 6 Pages

    In a competitive world market, businesses must have a thorough understanding of the processes and systems used within the company in order to determine whose interests need to be taken into account when implementing policies and/or programs. This stakeholder analysis is integral to growth and development. For large corporations which have multiple divisions and companies within their corporate structure it is essential to look at all aspects of the business model to identify stakeholders. Establishing the given responsibilities of the various divisions and the direct role they play in the economic success of the firm must also be considered. Many of the largest and most lucrative corporations in the world are those related to supporting military

    Read More

  • Wells Fargo: Organizational Strategy And Objectives

    850 Words  | 4 Pages

    The strategies can be business level or corporate strategies. The business level strategies are the actions taken by an organization so as to have an advantage in a single market (Johnson & Scholes 2002). The corporate strategies are actions focused on gaining an advantage in multiple markets or industries. The strategic choice that an organization takes normally depends on the attractiveness of the industry and also its competitive position (Johnson & Scholes 2002). Thus, Wells Fargo applies the corporate strategy as the company has focused its operations in the banking industry.

    Read More

  • 8 Principles Of Case Management: A Case Study

    341 Words  | 2 Pages

    Case management is a process that ensures that you are provided with whatever services you may need in a coordinated, effective, and efficient manner,FIntagliata, 1981 as cited in Frankel & Gelman (2012).Treatment is structured to ensure smooth transitions to the next level of care, avoid gaps in service, and respond rapidly to the threat of relapse. Assessment, planning, linkage, monitoring, and advocacy are the functions that comprise case management. Case management has 8 principles. The first is to offer you a single point of contact with the health and social services systems.

    Read More

  • Two Types Of Stakeholder Analysis Of Mcdonalds

    755 Words  | 4 Pages

    Stakeholder analysis Stakeholder are entity that will affect the organization actions, objectives and policies. There are two types of stakeholder which is internal stakeholder and external stakeholder. The McDonald’s stakeholders are customers, suppliers, employees, managers, government, local communities and pressure groups. Customers Customers are the external stakeholders of the company, no customer mean zero profit.

    Read More

  • Tesco External Factors

    3270 Words  | 14 Pages

    Every stake holders has its own needs and demands from the organization. Every stakeholder which are directly attached to the company requires the information as it required and his role. These are the persons, groups or other company which have legitimate interest in the company and its functions. These persons or the group directly or indirectly communicate with the company. Stake holder analysis is done below to understand the needs and demands of the stakeholders.

    Read More

  • Stakeholder Theory

    997 Words  | 4 Pages

    The History of Business Ethics and Stakeholder Theory in America Ethics play a huge role in the global business field, since considerations have to be made on moral practices, values, and judgments that govern the direction and overall success of the company. Consequently, over the progression of history, managers, entrepreneurs, and stakeholders at the helm of organizations have always had the mandate of making moral resolves on matters of ethics. According to Hunter (2003), such an approach to ethical behavior prompts a substantial growth in the organizational corporation, as well as maximizing business profits, and creating a reputable company image (Cutler, 2004). Notably, the overall performances of organizations that take part in unethical

    Read More

  • Stakeholder Analysis Of Diageo

    1508 Words  | 7 Pages

    Successful companies such as Diageo affect more and more people as their success grows. The more people they affect leads to a bigger impact that their actions have especially over people that have influence over their projects such as their customers and suppliers (Mindtools, 2015). Stakeholder Analysis’ are used to ensure that all the key stakeholders are happy and supportive in order to help you succeed (Mindtools, 2015). There are three main steps in preparing a Stakeholder Analysis.

    Read More

  • Role Of Stakeholders In Aviation

    963 Words  | 4 Pages

    3. Stakeholders: Definition:A person, group or organisation that has interest or concern in an organisation. Stakeholders can affect or be affected by the organisation 's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Not all stakeholders are equal.

    Read More

  • Stakeholder Analysis Of Uniqlo

    730 Words  | 3 Pages

    Stakeholder define as a person, group or organization that has interest or concern in an organization. Some examples of key stakeholders are shareholders, employee, suppliers, customers and government. Not all stakeholders are equal. A company 's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company 's employees.

    Read More

More about Stakeholder Power In An Organization: A Case Study

Open Document