Stakeholders and Social Change



Stakeholders and Social Change

Stakeholders and the Company

Stakeholders is a set of group or people who possess interest within the activities and performance of the organization. Traditionally it considered that the primary stakeholders of the project or the company are the people who have direct effect of the outcomes and results of the company such as employees, suppliers, investors and the customers. In the modern business world there are some external stakeholders are who has the company effect indirectly and have the association with the company through documentation on the basis of statutes and legislations such as community, government and trading associations. It is commonly observed that different stakeholders have different type of interest level in the company performance because they have various effective level and their preferences. They may be independent of each other and may serve the company without synchronization. Stakeholder management is not an easy task in the big projects. The ideal management of the stakeholders can be taken as if they are placed on their right level and positron in the company. If this is done with success, the project will give fruitful results in the shape of revenue.

The company I chose to conduct the analysis of stakeholder is McDonalds. McDonalds is one the largest fast food seller with multiple branches across the globe. The company is serving and expanding its business in various countries and a number of cities. It is the largest fast food franchise of the world. The company uses the chicken beef for its product. Our company is serving to more than 68 million customers around the world on daily basis and in approximately 119 countries. The Headquarter of the McDonald is situated in the United States and it began in 1940 with a barbeque restaurant.

Types of Stakeholders

There are two types of stakeholders in the business of the McDonalds. These stakeholders are:

Internal stakeholders

External stakeholders

Internal Stakeholders

Primary stakeholder is also known as internal stakeholders of any organization. Internal Stake holders are the most noteworthy substance of any association. They are straight forwardly identified with the firm in fiscal terms and have vested hobbies in the organization. They are a fundamental part of any association. Inward stakeholders normally contain workers, supervisors, top managerial staff and shareholders. Typically the customers can also be included in the list of primary or internal stakeholders. They have direct influence of the activities ...