Influencing Stakeholders

Influencing Stakeholders

INTRODUCTION
 A stakeholder is known as part of the company but they can affect and affect not in the
organization. The basic stakeholders are known as the customers, investors, suppliers,
and customers. They can also be an external or internal part of the organization but is
having a direct relationship with investment, employment, and ownership. The external
stakeholders usually do not work inside the organization but can directly affect the
outcomes and actions of the organization in some or other kind of way as public groups,
creditors, and suppliers are known as the external stakeholders. This presentation is the
analysis of stakeholders identification and this also involves the management
relationships and the implication of the relationship management in an effective manner
this report also involves various management issues which can affect the relation of the
effective management system of the organization.

Stakeholder identification
 As the organic organization to identify the potential stakeholders in an effective form
for better results and outcomes. It is a process that identifies all the stakeholders
which can turn useful to the organisation as this is a process of identifying the
stakeholders for the project before identifying it is essential to know that all the
stakeholders are not influenced same as there has a different sense of taking things
and affect differently on the business project(Ashaye and Irani 2019). Sheila can
find their stakeholder by the process of brainstorming which will help her for better
results and suggestions regarding the jo role and overcoming her tension as investors
can be the best stakeholder to Sheila’s bakery as she wants to introduce a new product
and production line in the market for the better results of her investment in the
organization.

Management relationship
 As it is important to maintain an effective relationship with the stakeholders and maintain them
effectively as this is crucial to maintain it as it helps in resolving the risks and issues which is facing
by the business and by their influence stakeholders also maintain the social environment ad the
business and also helps in the operating it effectively and maintains the operating and financial
performance of the organization(Neupane 2020). As the management relationship with Sheila in
her new job is not good as she is felling pressure as well as no top management is focussing on her
new product line idea which can turn out best as no team has been assigned to her for the better
development of production line and she is trying the best possible ways which are as an effective
relationship with the stakeholders also focuses on the business activities as a stakeholder can be any
person, organization, or a group of people which helps in maintaining the organizational output,
resources, and attention which can impact the resulted product of the organization as by marinating
the relation with stakeholders helps in achieving mutual benefits and can also shape the
organizational project and by inserting innovative input can improve the quality of the project of the
organization.