Evaluate the extent to which an organisation achieves the objectives of three stakeholders

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Evaluate the extent to which an organisation achieves the objectives of three stakeholders

This includes employees, customers, shareholders, trade unions, management, customers, communities and vendors. Each of these groups may have different objectives for your business. Some objectives may be stated overtly and others are implied.

You have to set priorities based not only on stakeholders' objectives but also on your own.

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Direct Stakeholders Some stakeholders have a clear voice in your organization. According to the Association of Chartered Certified Accountants, this usually involves shareholders, customers, employees, trade unions and local communities.

These groups have an official voice and access to management, so they can state their objectives clearly.

Evaluate the extent to which an organisation achieves the objectives of three stakeholders

For example, shareholders will let you know what their expectations are for profits in your company and the return on shareholders' investments.

Employees may raise issues and set objectives for their safety, well-being and earnings. The community will speak up -- and state its objectives -- about the environmental impact of your company, the appearance of your premises and the behavior of employees as they come and go.

Indirect Stakeholders Indirect stakeholders may not have an official conduit they can use to communicate with you.

Direct Stakeholders

Your business affects these people even if they can't express that to you. This includes suppliers from other parts of the world, a single customer of a large company, your employees' landlords, mortgage lenders and creditors.

You have to infer what the objectives of these stakeholders might be. For example, you can imagine that an employee's creditor has an objective of you keeping the employee and paying her regularly.

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Remote suppliers might aim to send you larger and larger orders, meaning they want your company to grow. Ranking Stakeholders Some stakeholders' objectives may carry more weight than others.

For example, shareholders' demands for dividends could take precedence over the neighborhood's need for a new playground. No matter how sympathetic you may be to all your stakeholders, some of them simply have a more direct effect on your business.

You might have to persuade one set of stakeholders to postpone gratification. This would occur, for example, when employees want a new break room but you need first to build a branch facility. Profit Stakeholders One of the divisions you'll have among stakeholder objectives is short-term vs.

For example, employees may want raises, while your lender is looking for company growth to justify further loans. Your shareholders may be anxious for you to complete an expansion of your facilities to increase productivity, while the community wants you to wait for the results of an environmental impact study to determine the long-term effects of your expansion.

Trying to satisfy all these players at once is rarely possible for businesses of moderate means.P2 (): Evaluate the extent to which an organisation achieves the objectives of three stakeholders Businesses, like people, are part of the world community and as such have responsibility for the activities carried out in their name.

You have to infer what the objectives of these stakeholders might be. For example, you can imagine that an employee's creditor has an objective of you keeping the employee and paying her regularly. When project stakeholders do not share a common culture, project management must adapt its organizations and work processes to cope with cultural differences.

The following are three major aspects of cultural difference that can affect a project. PISA data show that, on average across OECD countries, as many as three out of four students from the lowest quarter of socio-economic status reach, at best, only the baseline level of proficiency (Level 2) in reading, mathematics or science.

(some examples) influence of ALL stakeholders using Stakeholder Mapping/ Provide proof and evidences EXTENT TO WHICH ORGANIZATION ACHIEVES THE OBJECTIVES OF THREE STAKEHOLDERS BUSINESS Three Broad Types of Stakeholders. Published: Mon, 5 Dec PowerGen was established on 24 December with the divestment of the generation assets of Trinidad and Tobago Electricity Commission (T&TEC).

Developing a Plan for Outcome Measurement