Question

The text defines stakeholders as: “Individuals and organizations who are actively involved in the organization or...

The text defines stakeholders as: “Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does.” Every organization has stakeholders.

Choose one (1) of the companies below and identify three (3), key stakeholders, for that company. Then discuss how the company caters for stakeholder's interests and what may happen if stakeholder expectations are not met.

(1) A water utility company

(2) A multinational food company

(3) A local airport

Homework Answers

Answer #1

ANSWER:

Each organization has three stakeholders. If there should be an occurrence of a global food organization the key partners are its Employees and the board, Shareholders, and investors, Customers.

  • The organization takes into account Customers' interests by recognizing their desires and interests. It is significant that the products and services convey center around the clients so they are happy with the organization's services and worth the business. It is imperative to have an ideal relationship with clients and furnish them with quality help and items with advantages to make a preferred position over rivalry and grow the market and client base.
  • Shareholders and investors are other key partners as they give an important venture to begin a business and backing in the long term. They establish a significant impact on the board of the organization and controlling any issues identified with clashes or significant key choices. They can assist the organization with networking in the business and give further chances to development and coordinated effort. They can control the organization about the market patterns and seriousness for better outcomes and profits for their investments.
  • Employees of a multinational food organization are additionally key partners as it is significant that they know about the business objectives, strategic vision of the organization and are functioning according to the rules and advantages given to them. Their exhibition and work responsibility are basic for the accomplishment of the organization as it is subject to them to convey quality items and benefits and execute the systems and plans of the organization. On the off chance that the employees are not fulfilled, they won't perform and produce the normal outcomes for the business.

Let me accept local airport as the firm:

Partners in a Local Airport:

Different partners in a local airport are as per the following –

(1) Passengers:

Travelers might be business travelers, leisure travelers, or personal travelers. They utilize the air terminal as an appearance/flight highlight to meet their targets.

(2) Air Carriers:

  • They move travelers or freight from the local airport to a specific goal.

(3) General Aviation Users:

  • They incorporate air taxi administrators, corporate-official transporters, flight educators, airplane rental offices, elevated eyewitnesses, and others.

(4) Investors:

  • They are people who have made significant interests in the local airport and have a controlling stake.

(5) Concessionaires:

  • They offer various types of assistance to travelers, for example, food and refreshment administrations, convenience administrations, retail administrations, and others at reasonable costs.
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