Stakeholder Approach - Essay Example

Extract of sample
Stakeholder Approach

This paper explains the needs assessment and the procedure involved and also what entails stakeholder approach.
Each of the named individual and groups has varying roles and interests in the organization. Owners are interested in the profit function of the particular business. They also have a bigger say on the decisions of the key objectives. If in any case the owners only major their interest on the profits and do not consider the wages of employees they may end up losing very skilled personnel. Managers on the other hand are interested with their pay.
Employees are also concerned since they desire to see the organization prosper so that their job is secured and their wages increased. Customers on the other hand want the organization to produce quality products at fair and affordable prices. If for instance any business does not pay attention to the needs of their customers, it may end up losing sales to their competitors. The Community gains since the local people are the ones who are employed but is also concerned with how the operations of the organization affect the local environment.
Stakeholder analysis refers to variety of techniques and ways that are used in identifying and understanding the needs and expectations of all major parties that is both in the inside and the outside of an organization. This plays a major role in planning for any projects and training process. In any proposed project there happens to be supporters as well as opponents. Understanding the interrelationships between these two parties is necessary in project implementation and the systematic planning involved. It is therefore important to analyze stakeholder’s interests despite the sides they are in that are for the opponents and supporters.
Some of the reasons as to why it is important to identify and analyze stakeholder’s interests are: (1) Achievement of fair deals. This is because all the ...Show more


Stakeholders are individuals and or groups that are interested in the overall performance of an organization and are able to influence the outcome by either their roles in the organization or the decision making power bestowed upon them. This performance is based on the set…
Author : rogahnmallie
Stakeholder Approach essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Stakeholder Approach"
with a personal 20% discount.
Grab the best paper

Related Essays

The UK and USA Corporate Governance frameworks are predicated on fundamentally different approach to principal/stakeholder prote
2). The system of corporate governance includes the board of directors, the professional service firms for audit and legal advice, and the government regulators (Larsch 2006, p. 2). A country’s system of corporate governance “comprises the formal and informal rules, accepted practices, and enforcement mechanisms, private and public, which together govern the relationships between people who effectively control corporations” (Oman and Blume 2005, p.
9 pages (2250 words) Essay
Stakeholder Analysis Paper
Stakeholder analysis aims to identify all the factors that influence the outcome of a project activity, anticipate both the positive and negative influences, and design effective strategies to overcome any challenges in implementation, in order to attain project objectives.
3 pages (750 words) Essay
Stakeholder Relationships within the Context of an International Case Study Approach London Olympic 2012
London had won the bid to conduct the 2012 Olympics and it was a moment of joy for the country to host such a mega event. Early preparation for the games had taken place both by the project team and by the government but was sustained by the public and also by the cross party political party.
10 pages (2500 words) Essay
The concept of stakeholder management
The said organizations must also address stakeholders because it is the ethical course of action to pursue. Stakeholders have claims, rights, and expectations that should be honored, and the stakeholder approach in governance analysis encourages that pursuit.
4 pages (1000 words) Essay
Stakeholder theory and Strategy
The paper is structured as follows - first, stakeholder theory is introduced along with the presentation of the stakeholder model of the firm, followed by a brief explanation regarding the use of the three interrelated stakeholder theory approaches. Subsequently, the study elucidates how significant stakeholder relationships are in a firm's enduring existence and survival.
24 pages (6000 words) Essay
Freeman Stakeholder Theory
In arriving at this Doctrine, Freeman’s theory holds that both stockholders and stakeholders have a right to demand certain actions from management because they all have a vested stake in the
2 pages (500 words) Essay
group or individual who can effect, or is affected by, the achievement of an organisation’s objectives.” Clarkson (1995 :5) defined stakeholders more specifically as those that “bear some form of risk as a result of having invested some form of capital, human or financial,
5 pages (1250 words) Essay
The UK and USA Corporate Governance frameworks are predicated on fundamentally different approach to principal/stakeholder protection, one being rules-based, and the other principles- based
2). A country’s system of corporate governance “comprises the formal and informal rules, accepted practices, and enforcement
9 pages (2250 words) Essay
Self-interest and Ethics, Stakeholder/shareholder theory
27). However, it is often difficult to define what comes under ethical conduct. The question whether business self-interest takes into account the common good is equally significant. It has been argued that business self-interest is often motivated by
7 pages (1750 words) Essay
The manager of the institution is commonly located in the center of the constitutional relation amongst a business institution and its stakeholders. The word Stakeholders has to two kinds of definitions one is the
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email