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Stakeholder objectives

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Each stakeholder has its respective objectives, like the manager, employee, customer, supplier, CEO among others

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Stakeholder objectives
 

Stakeholder objectivesOnline version

Each stakeholder has its respective objectives, like the manager, employee, customer, supplier, CEO among others

by Prashant Ramful
1

Subunit1.6:Stakeholder Objectives

2

Types of stakeholders

Understanding Stakeholder Objectives:

  • Shareholders:

Primary objective is to maximize returns on their investment, meaning they want the company to be profitable and increase in value. 

  • Employees:

Seek job security, fair compensation, good working conditions, and opportunities for growth. 


3

Other stakeholders objectives

  • Customers:

Desire quality products or services at reasonable prices, along with good customer service. 

  • Suppliers:

Want timely payment for their goods or services and regular orders from the business. 

  • Local Community:

May seek employment opportunities, a positive environmental impact from the company, and community involvement initiatives. 


4

Address Stakeholder objectives

Importance of Addressing Stakeholder Objectives:

  • Enhanced Reputation:
  • Meeting stakeholder expectations can build a positive reputation for the business. 
  • Increased Accountability:
  • Understanding and addressing stakeholder needs can increase accountability and transparency within the organization. 
  • Stronger Relationships:
  • Building positive relationships with stakeholders can lead to greater support and loyalty. 


5

Caution

6

Evaluation

What is the main purpose of stakeholders?


Stakeholder engagement helps organizations to proactively consider the needs and desires of anyone who has a stake in their organization, which can foster growth.


7

Illustrations

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