STAKEHOLDER REPORTING

Stakeholder Reporting

Name of Writer

Name of Institution

Table of Contents

Introduction3

Discussion3

Literature Review3

Pitfalls to Avoid4

Information Needs of Production Manager5

Information Needs of Marketing Manager6

Information Needs of Director Finance7

Information Needs of Chief Executive8

Information Needs of Shareholders9

Conclusion10

References11

Appendix13

Stakeholder Reporting

Introduction

All organizations need to offer certain information to others about their actions, which is also known as confirming. This information, known as financial information usually explains your budget and/or how well your enterprise is doing in other methods, such as the stage of assistance you offer for your customers. Some of your confirming will be done within your enterprise to your control panel or associates. Other kinds of confirming will be for those outside your enterprise such the community, financing systems or the Workplace of Reasonable Dealing. Some information will be a lawful need while other reviews might be needed as aspect of a financing or assistance contract. You might also want to create reviews that are not a need but may enhance the way your enterprise works. For all of your confirming, you will need to choose what information you need to gather; if there is a particular way that it needs to be offered to others and when it will be needed. If you are uncertain, you might need to examine if you need to finish a unique type or offer particular information for your reviews (Davenport, 2010).

Discussion

Literature Review

The managing environment of today's current companies requirements appropriate, effective and effective control information to assist in the decision-making procedure. To meet these needs, companies need to improve their attention of the available specifications for evaluation of control information needs (Pashke, 1978).

The following recommended evaluative specifications are provided as a shape of referrals for use by control employees (and/or exterior consultant) engaged in planning, creating and tracking business information needs (Pashke, 1978).

It is worth noting that the proper use of the specifications will include the evaluation of qualitative as well as measurable features and will require the interacting in the different and unpleasant qualitative market. Also, since the specifications will not generally carry equivalent weight, control will need an sufficient understand of the critical specifications of its own company. Use of the evaluative specifications should, however, provide a structure for “relative ranking” of competitive information needs and thus allow for a logical allowance of available business resources. The evaluation job will still be difficult, but a methodical approach should improve the chances that all the “bases” will be protected (Banker, Hu, Pavlou & Luftman, 2011).

The information needs to be practical i.e. Can the preferred information actually be created, and if so, provided in a significant style in light of individual and information designer lead time constraints. Moreover, the information should be according to the requirement i.e. How necessary is the preferred information in helping the control choice procedure towards business objectives and objectives. Furthermore, the information should truly be useful in terms of helping the control choice procedure towards business objectives. Another thing to keep in mind is the expected or actual benefits from the information growth higher than ...