A stakeholder has a vested interest in a company and can either affect or be affected by a business’ operations and performance. Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations.
Q. Why are multinationals under scrutiny by stakeholders?
Why are multinationals under scrutiny by stakeholders? Correct Answer: They tend to be mostly unethical. Which of the following reasons is a critic likely to adopt in arguing against social responsibility programs?
Table of Contents
- Q. Why are multinationals under scrutiny by stakeholders?
- Q. Who is organizational stakeholders?
- Q. How stakeholders can be organized?
- Q. Is the owner a stakeholder?
- Q. Why are owners interested in profit?
- Q. Why should you include stakeholders?
- Q. Why are stakeholders more important than shareholders?
- Q. Why is it important to identify stakeholders in any project?
Q. Who is organizational stakeholders?
Composition of stakeholders and their contributions
| Stakeholders | Contribution to the Organisation |
|---|---|
| Managers | Skills and Expertise |
| Employees | Skills and Expertise |
| Customers | Revenue from purchase of goods and services |
| Suppliers | High-quality inputs |
Q. How stakeholders can be organized?
There are two basic camps in which you can place your stakeholders: internal stakeholders and external stakeholders. External stakeholders are those who aren’t directly related to the organization, but they’re impacted by the project to some extent. These are usually suppliers, creditors and public groups.
Q. Is the owner a stakeholder?
Stakeholders include all individuals and groups who have an interest in the organization, including employees, customers or clients, vendors, donors and funders, and other organizations. So, all owners are stakeholders, but not all stakeholders are owners.
Q. Why are owners interested in profit?
Managers and employees want to earn high wages and keep their jobs, so they have a vested interest in the financial health and success of the business. Owners want to maximize the profit the business makes as compensation for the risks they take in owning or running a business.
Q. Why should you include stakeholders?
Key stakeholders can provide requirements or constraints based on information from their industry that will be important to have when understanding project constraints and risks. The more you engage and involve stakeholders, the more you will reduce and uncover risks on your project.
Q. Why are stakeholders more important than shareholders?
A shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation. These reasons often mean that the stakeholder has a greater need for the company to succeed over a longer term.
Q. Why is it important to identify stakeholders in any project?
The most important reason to identify stakeholders in early stages of project is to allow them to become an effective part of effort, effective participation of stakeholders may help bring more ideas on table and will include different prospective from different stakeholders.
