Submitted by: Submitted by E010224
Views: 473
Words: 415
Pages: 2
Category: Business and Industry
Date Submitted: 03/12/2012 07:39 AM
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Business Dictionary defines stakeholders as a person, group, or organization that has a stake in an organization’s objectives, policies, and actions (Business Dictionary, 2012). A stakeholder is any person who can affect or be affected by the actions of the company. Smith Systems Consulting has clients who range from both small and medium sized business organizations. They also have customers who are large domestic, multinational, and even global corporations that vary from different kinds of industries. Smith System Consulting also supply a number of none profit and government organizations. Key stakeholders for Smith Systems Consulting consist of a wide range of people. Investors, Creditors, and suppliers are key stakeholders. Employees and directors of this organization are also stakeholders. The customers, business, and government agencies are part of the key stakeholders. Competitors are stakeholders because they are directly affected by Smith System Consulting. Government regulators are stakeholders in companies. Even the community is a stakeholder of this company.
Employee’s role as a key stakeholder is to contribute labor to the company for a set wage. Employer’s role is to set a productive work environment with ability to learn, and grow. Depending on the type of class a shareholder, they too can also have a role in the organizational goals by voting on board of directors and helping raise capital for organizations. Investor’s role is the procurements of equity or debt securities can expand the company. Creditor’s role is to lend money, property, or service to the company. The customer or the client role need to achieve the organization goal is to buy or purchase the services or goods that Smith System Consulting produces. The...