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Business and Society - Stakeholders

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Added on  2019-10-30

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The particular study is to be carried out in a report format and the major objective of the report is to ensure the importance of the stakeholders in creating values within the industry. The study will be providing a base for the knowledge of understanding what importance the stakeholders have in creating the values within the industries generic but to make the piece of study effective the educational industry has been selected as a reference and within that particular industry the firm Federation training has been taken into the focus so that all the aspects associated with the assessment of the importance of the stakeholders in creating values could be done effectively. 

Business and Society - Stakeholders

   Added on 2019-10-30

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Running head: BUSINESS AND SOCIETYBusiness and societyName of StudentName of UniversityAuthor Note
Business and Society - Stakeholders_1
1BUSINESS AND SOCIETYTable of contentsIntroduction................................................................................................................................2Identifying industry dependent upon creating value for stakeholders.......................................2Identifying relevant information about the organisation............................................................3Ways to create shared values to consider interest of stakeholders.............................................3Conclusion..................................................................................................................................4Reference....................................................................................................................................5
Business and Society - Stakeholders_2
2BUSINESS AND SOCIETYIntroductionThe assignment focuses on the importance of stakeholders in creating value in anindustry. According to Cho and Auger (2017), stakeholders form an integral part of anorganisation and help in the decision-making process in order to make an organisationproductive. The assignment focuses on the importance of the stakeholders in an educationalindustry. An organisation within the industry has also been considered in order to identify theimpact of stakeholders. The organisation in focus is Federation Training, a training andeducation facility. The ways by which shared values are considered as the interest ofstakeholders are analysed in this assignment. Identifying industry dependent upon creating value for stakeholdersAs stated by Noke, Kirkham and Mosey (2017) stakeholders help in the growth of anindustry as well as an organisation. Value is created in an industry by formulating andpresenting ideas that can help in solving problems. The risks involved in this regard arecommunicated with the stakeholders in order to receive support in the times of crisis (Wicksand Harrison 2017). Stakeholders can be both internal and external and the contributionsdepend upon the level of involvement of the stakeholders in the sector (Cardwell, Williamsand Pyle 2017).In the case of an educational industry, the contribution of the stakeholders needs to behigh. This is because an educational industry serves for educating the people in the society ofits business (Stensaker, Persson and Pinheiro 2016). The value created by the engagement ofthe stakeholders involve the generation of new ideas in terms of knowledge that needs to beimparted to the learners. According to Missonier and Loufrani-Fedida (2014), analysis of thestakeholders is needed in order to understand the active way by which they can be involved.
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