Stakeholders Stakeholders hold an important role in public policy. They hold an interest in how the program is preforming (266). They are important and have a stake in how things go. They do not just apply to corporate America but many places that people think of. They exist almost everywhere and everyone is stakeholder whether it is a job, a school or in the government. A school could be a considered a program. A teacher could be a stakeholder as teachers have an incentive to perform very well in their classrooms because they could be denied tenure and the same principle applies from the principals to the superattiendents of school systems. Their jobs depend on their particular workstations to function well. A student could be another stakeholder as how the school performs could determine what skills they learn in the real world. Without good schools students lose out on skills that are needed for survive in the real world. Stakeholders can oftentimes good as they hold companies and institutions accountable but can be bad as many times they may encourage behaviors that are not enti...
Dr. Mork shared the impact of stakeholder loyalty on the Crescent School District’s performance results in enrollment of students, positive relations, and a desire to help the students. When stakeholders have a feeling of loyalty, they will tend to speak highly of the district. The loyalty creates a sense of family on the small K-12 Crescent Campus. Teachers and students are very familiar with one another. This family atmosphere has developed into a Crescent brand.
The term “big business” attracts a wild frenzy of bad connotation that leads us to believe that the leaders in the business world are innately a bunch of no good, greedy, old men in black suits. The corporate world is cutthroat and if you want to survive in it, you will spend your days walking on thin ice, because any mistake you make can affect everyone below you. The business being analyzed in this paper is going to be Regal Entertainment Group. The exploration of the stakeholder models, internal and external factors will be discussed throughout the course of this paper.
Stakeholder loyalty is a key element to a school organization. Having strong partnerships with stakeholders is a valuable resource. According to Pam Robbins and Harvey B. Alvy, “Studies confirm that when families are involved, more students earn higher grades in English and Math, improve their reading and writing skills, complete more course credit, set higher aspirations, have better attendance, come to class more prepared to learn, and have fewer behavior problems” (2009, p.178). If EMES or WCSD 6 loses stakeholder loyalty, it will have a big impact on student achievement. Another area that would be affected is legislation. WCSD 6 is in need of community support if they want bond issues to pass. According to John Smith, Florida public school districts started to reach out to stakeholders that do not have children in the school district. They were having difficulty passing important school legislation (1998). He goes on to state, “…responsibility that all stakeholders share for the quality of their local schools” (1998, p. 52). With more funding WCSD 6 could buy better programs that could have an impact on student performance. Mr. Ungeheuer (U), EMES principal stated, “I...
Within my organization there are many different stakeholders. It is crucial to first understand what a stakeholder means. A stakeholder is a person who has something to gain or lose through the outcome of planning process. Within healthcare there are three types of stakeholders, those who receive health care, those who give health care, and those who manage the financial aspects of health care. Health care organizations do not face just one or a few stakeholders they hold many. Healthcare executives must learn to manage a portfolio of stakeholder relationships.
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.
Hence, the stakeholders which are described as those who are affected by the organisation performance ,actions and duties and those actions includes employees, clients, local community and investors as well. The theory of stakeholders also suggests that it is the responsibility of firm to make sure no rights of stakeholders are dishonoured and make decisions in the interest of stakeholders which is also the purpose of stakeholder theory to make more profit and balancing it while considering its stakeholders (Freeman 2008 pp. 162-165). In the other words organisation must also operates in a more socially accountable approach by carrying out corporate social responsibility as (CSR) activities.
“Political context includes aspects such as the distribution of power, the range of organizations involved and their interests, and the formal and informal rules that govern the interactions among different players. Political context shapes the way in which policy processes work” (Nash, R., Hudson, A., and Luttrell, C., 2006). It is important to understand the political context in which a social policy issue is embedded. When I think of context, I think of action. An advocate that is trying to influence policy would be concerned about political contexts because it would determine the likelihood, suitability, and capabilities of his/her behavior (action) and conduct while seeking to institute change. By understanding the political context in which a social policy issue is embedded, one’s strategy and approach can be outlined to understand the manner in which changes can be made. Progress can be slow without understanding the political context. An advocate may understand what needs to be changed but may not understand why the change did not occur. The advocate may also be able to institute change in social policy issues if the advocate has a great understanding of the political context. The advocate must be able to align himself/herself with those that can be recruited to change the context of a policy. The advocate can also determine the severity of instituting the change and the probability of getting the change. “The appropriate level of action and type of advocacy strategy will depend on the political, social and economic situation prevailing at a given point in time” (Rietbergen,-McCracken, J., n.d.).
In the first major paper on stakeholder theory, Edward Freeman and David Reed state that a stakeholder is "Any identifiable group or individual on which the organization is dependent for its continued survival." (Freeman and Reed 89) Given that these groups' input are all vital part of an organization's success, creating solutions that benefit all stakeholders is important for long term success. Solutions that conflict with the interest of one of the stakeholders, could result in that stakeholder withdrawing the support that the organization needs to survive. When leaders of an organizations are servants first, when they "make sure that other people’s highest priority needs are being served" (Greenleaf , “The Servant as leader” 3), then the organization's stakeholders will be invested in the organization's continued success and as a result will be more likely to lend it their support.
Stakeholder analysis is important for successful implementation of projects and/or strategic activities within any organisation. It is used to analyse the stakeholders in order to understand them and classify them according to their power, influence and interest. Stakeholders are people who have an interest in a commercial entity including those within the organisation and outside. These include the boss, senior executives, customers, suppliers, government, your co-workers, the team and others. All these people are important in the implementation and success of strategy.
The entire community plays an essential role in the growth and development of children within our community. As a school leader, building an inclusive school culture that is open and friendly to all stakeholders using a variety of effective methods is crucial. There is no magic formula to incorporating a positive school culture, much depends on the leadership of the campus. The leadership on campus cultivates the climate providing support and respect for everyone invested in the student’s education.
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.
Stakeholder can be defined as “any group or individual who can affect or is affected by the achievement of the organization’s objectives”. This theory focuses on wider aspect rather than only focusing on just the shareholder. Stakeholder theory is a fundamental theory about how business works at its best and how it could work. It is concerning on the value creation and trade on how to manage a business effectively.
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).
Discuss the arguments made by scholars such as Thomas Dye, Hebert Simon, Charles Lindblom and Edward Woodhouse among others, for the need to recognize the limitations of public policies in eliminating socio-economic and political problems.
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.