In this assignment, you will write a minimum two-page paper that explains the treatment of internal and external stakeholders Instructions: In your paper, you will address the following points: Which (internal or external stakeholders), if either, is more important? Why do you feel this to be true? Research and describe one organization that does a great job treating internal stakeholders. Research and describe one organization that does a great job treating external stakeholders. a great job treating external stakeholders Requirements: Length: a minimum of pages two, not including title or reference pages Must use a minimum of two resources
STAKEHOLDERS
Any individual, organisation, social group or society that has a stake in the business or project are known as stakeholders.
Stakeholders can have considerable affect and influence on decision making process in the organisation regarding the finances and operations of the organisation. Examples of stakeholders are employees, customers, investors, creditors, government etc.
TYPES OF STAKEHOLDERS
INTERNAL STAKEHOLDER:- Internal stakeholders are those entities that participate in the management of the business. It refers to people or parties within the organisation. The success or failure of the business has a direct impact on the internal stakeholders. The activities, performance, decisions and profitability of the company highly affect them. The following are the list of internal stakeholder:-
EXTERNAL STAKEHOLDERS:- External stakeholders are those individuals or group which are indirectly affected or can get affected by the work of the company. They do not participate in the management of the business but influenced by the activities of the business. In order to know about the performance, profitability and liquidity of the business, they uses financial information of the company. The following are the list of external stakeholders :-
IMPORTANCE OF STAKEHOLDERS
In my opinion both the stakeholders are important for smooth functioning of the company. Both the stakeholders are equally necessary so that the organisation can work efficiently and effectively.
SONY AND ITS TREATMENT OF EXTERNAL STAKEHOLDERS
TOWARDS CUSTOMER
TOWARDS SOCIETY
TOWARDS SUPPLIERS
TOYOTA AND ITS TREATMENT WITH INTERNAL STAKEHOLDERS
TOWARDS SHAREHOLDERS
TOWARDS EMPLOYEES
In this assignment, you will write a minimum two-page paper that explains the treatment of internal...
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