Question

Stakeholder analysis frequently uses three attributes in describing a stakeholder group: power, legitimacy, and urgency. Pick an organization as an example and then list an example of each stakeholder attribute for that organization.

Answer 1

ANSWER

Legitimacy:

• Minorty Shareholders of Google can ask for their voting power in the annual general meeting of the company and have their right to disagree with any certain decision taken by the company in the capacity of being shareholders despite being minority one.

Urgency:

• when Kotak became bankrupt, it's debt became immediately due and it's bondholders asserted claim on the assets of the company, indicating urgency over the liquidation.
• Power describes the ability of the stakeholder to assert it's ability to influence the company by power it holds. For an example, Mark Zukerberg being the CEO of the Facebook can asset his views and decision on the board of the company due to his power to control the functioning of the company.

"These three examples above explain the power of stakeholders of the company under certain situations"