Business Environment - Stakeholders Assignment

BUSINESS ENVIRONMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK...............................................................................................................................................1
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Business Environment use the natural resources and raw material which is being given by
the nature for this the legal support of the government is their. It is the sum of internal and
external factor such as employees, suppliers, government, market trends etc (Triguero, Álvarez-
Aledo and Cuerva, 2016). this report shows the role of stakeholders in the waste management .
Study will explain stakeholder theory and interest of these stakeholders in waste management.
TASK
Stakeholder theory
Stakeholders can be any person who has a direct or indirect interest in the organisation or
in business related to projects. Stakeholder may be an individual or any group that will be
impacted by the outcome of the projects. Stakeholders may be within the organisation or outside
but they are interested in the projects and in its proceedings. Stakeholders are very important for
an organisation as they sponsor a project of an organisation or invest in it for the successful
completion. Even they are actively watch the positive and negative outcome depends on their
actions (Lu and et.al., 2015). They have the power to influence everything and every one in the
business that includes senior management, team members, mangers and many others.
Stakeholder theory always emphasis on the success of the company when it delivers the value to
its stakeholders than these value can come beyond the financial benefits..
Stakeholders are the persons that has the stake in the organisation even in waste
management also. Municipality, with great responsibility for the urban cleanliness and for the
persons or house holds who are using the systems are most of the time be the stakeholders in
waste management. Stakeholders are in the different city having different roles and interest in the
waste management (Loi, 2016). Integrated sustainable waste management is having the
challenge to make them agree to co-operate for some common purpose which is improving the
waste management system. Stakeholders share a common social and geographic area that may
bound together from the other systems for the addition to solid waste.
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Illustration 1: Diverse Range of Stakeholders
(Source: Business Stakeholders ,2019)
Interest of stakeholders in waste management
Industries of waste management handles the materials from hazardous biological wastes
to empty drink bottles and contaminants but it depends how to manage the waste and manage
the business to preserve the environment (Soltani, Sadiq and Hewage, 2016).
Investors and owners
business is operates to maximise the profits for their investors and owners of the
company. For the waste management specially for the start-ups and recyclers, organisations
always looks for the customer demand and the customer services. They also having the
knowledgable and experience staff in the brand of waste management. Organisation needs the
sufficient vehicles for the collection of waste ,land and building to store (Theodoulidis and et.al.,
2017).
Government Agencies
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Environmental protection is the major function as per the view of federal, state and local
government. Environmental regulation defines that how landfills were accept and how the waste
recycles and separate. This rule impacts the organisation and also add the potential customers for
handling the recycle or material drop in the landfills. In many organisation permission of
government is taken for waste management policies so they can also take some efforts into this
matter (Gutberlet, 2015).
Environmental group
environmental protection influenced the business practices, many stakeholders can do the
negative publicity on waste managers and collectors for the bad environmental records or for any
violation. Investors may feel the pressure for the groups to deal with the business with safe and
eco friendly practices. Environmental groups may have to address the concerns and issues of non
governmental groups (Wu, Ann and Shen, 2017).
Customers
households and business trust on collectors to handle the trash and other waste
contaminants specially the item which landfills were not accept. Many of the shareholders which
includes offices and shops need to recycle and separate container for collection. Several
government bodies act as a customers by giving the contracts for collection and disposal of waste
(Business Stakeholders, 2019).
Citizens
all the citizens have the right to be notified for request permit and for landfills and
hazardous waste facilities. Non government organisation, anyone can speak in the government
hearings. If the business dispose its waste that they must be prepare to answer the citizens and
their concerns related to it.
Ability of the stakeholders to exert power in waste management and how the stake
holders influence the waste management policies (Triguero, Álvarez-Aledo and Cuerva, 2016).
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Stakeholders has the ability to improve the municipal solid waste management specially in the
country having low income. Generally stakeholders are categorised in three categories that is
public sector, private sector and community.
Waste management need the partnership or alignment among the stakeholders
so that they can continue. The character of the stakeholders prove it from their activity in
concern of waste management (Soltani, Sadiq and Hewage, 2016). The role of government
enables and facilitates the growing capabilities and willingness of citizens in waste management
through the empowering process. It is the effort capacity building of people and at the same it
also empowers the human resources through organisation.
Stakeholders waste management policies are based on the waste hierarchy and includes
the range of measures which includes prevention, reduction, reuse, recycling, recovery and
stakeholders waste management policies are
 National governance policy on waste having a long history on waste and on its action. It
improves the capability within which the resources are being deployed, decreasing the
impact on environment for disposal of waste and directs the management for hazardous
waste. It addresses to the clean-up issues. It also emphasis on minimum waste of
resources (Theodoulidis and et.al., 2017)
 National waste for legislation is a number of international conventions and agreements
that are concerned to waste and it is being reflected in the waste management.
 State and Territory legislation, policies and governance for waste as it regulates and
administers the waste even it includes the planning for waste management and avoidance
of waste. State government have been enacted many policies to control the waste
management (Wu, Ann and Shen, 2017).
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CONCLUSION
From the above report it has been summarised about the stakeholders interest in the waste
management and also explains the diverse range of stakeholders and how it influence the waste
management policies in different ways.
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REFERENCES
Books and Journals
Gutberlet, J., 2015. More inclusive and cleaner cities with waste management co-production:
Insights from participatory epistemologies and methods. Habitat International. 46. pp.234-
243.
Loi, T. H., 2016. Stakeholder management: a case of its related capability and
performance. Management decision. 54(1). pp.148-173.
Lu, W. and et.al., 2015. Stakeholders’ willingness to pay for enhanced construction waste
management: A Hong Kong study. Renewable and Sustainable Energy Reviews. 47. pp.233-
240.
Soltani, A., Sadiq, R. and Hewage, K., 2016. Selecting sustainable waste-to-energy technologies
for municipal solid waste treatment: A game theory approach for group decision-
making. Journal of Cleaner Production. 113. pp.388-399.
Theodoulidis, B. and et.al., 2017. Exploring corporate social responsibility and financial
performance through stakeholder theory in the tourism industries. Tourism Management. 62.
pp.173-188.
Triguero, A., Álvarez-Aledo, C. and Cuerva, M. C., 2016. Factors influencing willingness to
accept different waste management policies: empirical evidence from the European
Union. Journal of cleaner production. 138. pp.38-46.
Wu, Z., Ann, T. W. and Shen, L., 2017. Investigating the determinants of contractor’s
construction and demolition waste management behavior in Mainland China. Waste
management. 60. pp.290-300
online
Business Stakeholders. 2019. [online]. available through
<https://courses.lumenlearning.com/boundless-management/chapter/business-
stakeholders/>
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online
Business Stakeholders. 2019. [online]. available through
<https://courses.lumenlearning.com/boundless-management/chapter/business-stakeholders/>
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