Introduction
Stakeholders are important and they should be able to participate in environmental management. Haddaway et al. (2017) says it is a group of people who are directly affected by a process. Issues concerning the environment have been of great concern for mankind. People have to make sure that the environment that they live is free from pollution or other negative impacts that make it hard for man to inhabit. In an attempt to manage the environment, people have to come together for that course.
Stakeholders ought to be involved so that the process takes into consideration several others in decision making. There are many reasons as to why stakeholders have to be involved. One of the reasons is that it sets the scope and definitions
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Involving the stakeholders in environmental management can be a useful means to build capacity. After all, stakeholders participation is an important part of the decision making process. It is for this reason that stakeholder participation in environmental management decision making has increased considerably. They are sought and embedded in national and international environmental policies. Newig and Fritsch (2009) say stakeholder involvement has been used in a wide variety of environmental applications such as forest management and planning or even integrated watershed management. To sum it up there are numbers of benefits of having stakeholders involved in the process of environmental management. In short, they are: to establish credibility; to improve relevance; makes sure of the transparency of the process; anticipate controversies; and also increase dissemination. The participations of stakeholders should, therefore, be able to help environmental managers both in private and public sectors so that quality and also the sustainability of environmental …show more content…
It is also the reason why the relevant stakeholders have to be involved. Stakeholders have to be involved so that communication and impacts of results are increased. Engaging stakeholders in the environmental management process make sure that there is transparency in the whole process because there is an additional appraisal that is involved. Potential controversies may be anticipated in a situation where the characteristics and nature of various stakeholders have been identified, categorized and understood. Stakeholders should be involved because they provide a practical understanding of definitions which are crucial for inclusion criteria. Issues have arisen in the whole participation process and such may be weighed or cost-benefit analysis is done to find out whether it is worthwhile. Finding the right people, time, balancing multiple inputs, training and resources are some of the challenges of the participation process. Time and resources are regarded as tradeoffs that have to be balanced against the benefits that are derived from stakeholder involvement or else
Stakeholder is anyone with an interest in a business; stakeholders are individual, groups or businesses. They are affected by the activity of the business. There are two types on stakeholders who are internal and external. Internal stakeholder involves employees, managers/directors and shareholders/owners. External stakeholder involves suppliers, customers, government, trade unions, pressure groups and local and national communities.
According to the case study, the work of environmental managers often exposes them to many pollution prevention solutions, but they often have trouble getting access to production areas. Production often sees Environmental Managers as "the compliance police". Stakeholders The stakeholders in this case study include the corporation, the community and the countryside.
Identifying stakeholders and collaborators is the second step to the “Nine Step Stairway to Effective Evaluation”. Although all steps are essential, this is probably the most important because an extensive review of who is involved and who will be affected by the evaluation is identified (DiClemente et al., 2013). Once identified, it is critical to note that there may be needs or issues that may need to be addressed from all those involved so it would behoove one to be open to suggestions. Bottom line is to collaborate (DiClemente et al., 2013).
Stakeholders-investors, customers, interest groups, employees, the legal system, and the community often determine whether a specific behavior is right or wrong, ethical or unethical. Judgments of these groups influence society’s acceptance or rejection of a business and it’s activities.
Regarding to organizational stakeholders, there are three main groups of stakeholders: customers, employees and investors. The company attempts to link stakeholders’ needs and expectations to the company’s goals. For customers, the company must treat them fairly and honestly. For employees, the company needs to treat them fairly, make them a part of the company and respect their needs. For investor, managers should comply with the accounting procedure, do not manip...
For example, we must look at the stakeholders that would be affected if Royal Dutch Shell were to expand its operations into the Arctic Ocean. Afterwards, the effects on the different stakeholders must be determined as either beneficial or harmful, if deemed harmful, the extent to which harm would be administered must be detailed, and if deemed beneficial, these benefits must be described in terms of all of the stakeholders involved. Ultimately, the core of every business decision lies in the cost and potential benefit derived from making the decision. We must determine a dollar value of our actions, which could come in the forms of new revenues, compared to the costs, which could form in the form of environmental cleanup or lawsuits. Furthermore, the value of our reputation and public relations must also be
Data and statistics that will likely be collected and what exhibits or tables will be produced from this data
For every company employees group is the most important stakeholder group. If a company has happy employees their customers will be doubly pleased.
Environmental impact assessment (EIA) entails a multifaceted appraisement of the possible aftermath caused by a project or action on the surrounding man-made and natural environment (Wood, 2003). This systematic process requires the involvement of all interested stakeholders in the process and the public, in order to achieve a widespread consent on the planned project and mitigation strategies proposed [European Commission (EC), 2014].
Stakeholders are those groups or individual in society that have a direct interest in the performance and activities of business. The main stakeholders are employees, shareholders, customers, suppliers, financiers and the local community. Stakeholders may not hold any formal authority over the organization, but theorists such as Professor Charles Handy believe that a firm’s best long-term interests are served by paying close attention to the needs of each of these stakeholders. The modern view is that a firm has responsibilities to all its stakeholders i.e. everyone with a legitimate interest in the company. These include shareholders, competitors, government, employees, directors, distributors, customers, sub-contractors, pressure groups and local community. Although a company’s directors owes a legal duty to the shareholders, they also have moral responsibilities to other stakeholder group’s objectives in their entirely. As a firm can’t meet all stakeholders’ objectives in their entirety, they have to compromise. A company should try to serve the needs of these groups or individuals, but whilst some needs are common, other needs conflict. By the development of this second runway, the public and stakeholders are affected in one or other way and it can be positive and negative.
Stakeholders are interest of an individual or groups that directly or indirectly affected by the organisation’s activities, policies and objectives (Henry Frechette, 2010). Stakeholders can be divided as internal (managers and employees) and external (shareholders, customers, and suppliers) (BPP F9). Different stakeholders may have common interests or conflict interests with company. Company board members or management must take care about stakeholders’ interest. They can’t make the decision based on their own interest or their relation with others organisation. Conflict of interest will arise when interests of organisation act in concert with managers’ personal interests or interests of another person or organisations, (Anon, no date).
Stakeholders and stockholders are a group of individuals that can affect the company and also are affected by the company. In order to be a successful company needs to maintain their investor’s confidence. Stockholders are also able to develop value for the customer because they invest on ideas that will produce success for the company. Stakeholders are all the individuals that have an interest in the company such as employees, customers, and the surrounding community.
These major benefits in turn attract a distinctive group of stakeholders; namely, foreign investors, local government, and environmentalists, each of whom view the landscape’s values from utterly different standpoints. The difference in perspective among these different stakeholders brings forward the urgent need for these groups to adopt more collaboratively rooted managerial efforts. This in turn will result in well-voiced dialogues to take place among these different stakeholders groups. Ultimately, these dialogues will moderate the gap between these groups as they all move forward towards a prosperous, developed, sustainable Papua New Guinea.
Stakeholders refer to individuals or groups of people that have an interest in a business. Management argues that as long as there is wealth for shareholders, then anything is done in a responsible manner and things should be done to promote the interest of other stakeholders.
Participation can be seen as “the inclusion of a diverse range of stakeholder contributions in an on-going community development process, from identification of problem areas, to the development, implementation and management of strategic planning” (Schafft and Greenwood, 2003, p. 19).