Strategy (Business) Essay Example | Topics and Well Written Essays - 1000 words

Strategy (Business) - Essay ExampleJohnson & Scholes (1999) mold stakeholder as, Stakeholders are groups or individuals who have a stake in, or expectation of, the organisations performance.Stakeholders all(a) have power, someone has a formal power invested in a position of authority or it could be the social power of being able to persuade others to support or oppose the policies of the government. For archetype NGOs and social watch groups often exert such a power on the comp some(prenominal) forcing the organization to adopt or abandon some decisions. For example an oil producing company has to remain watchful for any pollution in the seabed, a construction company has to make sure that it doesnt spread too much of building material on the lanes and bylanes, blocking the easy movement of general public. People with higher(prenominal) power could be the companys most useful supporters or most dangerous opponents, depending upon the overabundant dynamics. Different companies ha ve different set of stakeholders with different levels of power structures.Shareholders (medium and big) This type of shareholder is interested in better dividend rates as well as better performance and public relations of the company. He keeps an eye on macro as well as micro level factors.Banks and Financial Institutions Banks and Institutions are not only interested in better showing, but they also wish the company to diversify in more areas, open more facilities as that involves more business for banks and Financial Institutions (FIs).Customers Customers want shelter for their money they can wield pressure by way of asking for better quality at reasonable prices. They need to be pampered by the company, otherwise there is an inherent danger of their opting for alternative products or the products of rival companies.Lower level Employees These stakeholders are interested in their salaries at the end of the month, not involving themselves in the strategic decisions. They