Verified Document

Management Organizational Stakeholders Organizational Stakeholders Essay

Types of responsibilities an organization has to stakeholders

This article is subject to the responsibilities that the organization has towards the stakeholders. They include both external and internal stakeholders. Internal stakeholders refer to the shareholders who are the management and employees. External stakeholders refer to the community, credit competitors, suppliers and consumers. The employees are considered significant stakeholders. The employees remain in a subservient position in the organization regardless of the fact that they provide the necessary labor. Regarding this fact, state and federal laws have been put in place to govern the rights of employees and ensure that they are fairly compensated and treated with respect. The employment laws provides for 8 rights of the employee. They include the freedom of voicing concerns without retaliation from the employer, medical and family leave, non-discriminatory hiring, benefits of unemployment, safe working environment, and equal compensation regardless of gender, minimum wage and the ability to organize. Cases of employment law are discussed upon with regard to the equity...

Shareholders are a significant component of the business, because they hold a primary stake in the business. The responsibilities of the organization of the stakeholders are: protecting the assets of the shareholder, giving the relevant information, just investment returns and providing professional management. The responsibilities of the organization towards the employee include provision of equal opportunities, giving room for suggestions and complaints, maintaining honest and open communication and good working conditions. The management of a business performs a significant function in scaling the various claims of stakeholders. Consequently, the duty of the management includes sustaining relationships that are healthy between the stakeholders. The responsibilities of the organization to the consumer include fair customer treatment, provision of prompt service and offering quality goods.

Cite this Document:
Copy Bibliography Citation

Related Documents

Organizational Technology Plan Human Resource Management Organizational...
Words: 500 Length: 2 Document Type: Essay

Organizational Technology Plan Human Resource Management Organizational Technology Plan Creating an organization capable of responding quickly to turbulent market conditions while continually aligning human resources to the highest priority challenges and opportunities is a critical success factor in the 21st century. Using technologies to accelerate these strategies, while also aggregating and use knowledge effectively as also key. This is where human resource management systems are delivering contributions to enterprises, making them more

Managing Organizational Change It Is Reasonable to
Words: 2233 Length: 8 Document Type: Essay

Managing Organizational Change It is reasonable to suggest that companies of all types and sizes have integrated information technology systems of some sort to help them manage their businesses and achieve a competitive advantage in recent years. Because computer systems tend to become obsolete rapidly as Moore's Law continues to hold true, many companies have accumulated a mish-mash of various computer types and capabilities that may not operate efficiently in a

Managing Organizational Culture
Words: 9860 Length: 34 Document Type: Dissertation

Human Resources Managing Organisational Culture The values and behaviors that contribute to the unique social and psychological environment of an organization make up the organizations culture. Organizational culture is the summation total of an organization's past and current suppositions, incidents, viewpoint, and values that hold it together, and is articulated in its self-image, inner workings, connections with the outside world, and future prospects. In dealing with the management of organisational culture, it is

Change Management Organizational Change Organizational Change Aims...
Words: 3237 Length: 11 Document Type: Essay

Change Management Organizational Change Organizational change aims at ensuring that the implementation of changes in an organization is smooth and successful. Moreover, it ensures that the benefits of these changes are achievable (Burke 2010). The introduction of social media and technology has recently had much effect on business in the recent past. Accessing information by the organization is easier nowadays thus; the need for introducing changes to business to cope with the

Strategic Management the Importance Strategic Management Organization...
Words: 634 Length: 2 Document Type: Essay

Strategic Management The importance strategic management organization operating a competitive environment. A case a small business building material business. The importance of strategic management for small organizations Strategic management is an integral part of every organization. At its core, strategic management entails utilizing the resources of the firm in a goal-directed manner. Strategizing means the firm has a clear sense of its values and mission and how to achieve goals over the long-term,

Challenge of Managing All Stakeholders in the Context of a Merger...
Words: 23212 Length: 80 Document Type: Term Paper

Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now