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Significance of Stakeholder at Workplace : Project

   

Added on  2020-06-04

10 Pages1560 Words45 Views
Professional Development
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Knowledge and skillsto manage stakeholderengagement
Significance of Stakeholder at Workplace : Project_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1CONCLUSION................................................................................................................................3REFERENCES ...............................................................................................................................3
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INTRODUCTIONStakeholder are those persons whomsoever are interested in investing money, men poweror any other thing in an organization in exchange of capital or various other benefits. However,their main objective is to acquire more or more revenue by taking equal part in development ofan association (Brockmann, Clarke and Winch, 2011). Therefore, this project is going tohighlight the significance of various stakeholder and their roles or responsibilities at workplace.Moreover, communication process of internal and external shareholders are also outlining in thisassignment for understanding their eminent involvement in company success. TASKDescription of projectALDI is one of the famous supermarket at European marketplace as well as having theirbranches across the international boundaries in order to facilitate consumers with variousadvanced products. However, this report is all about analysis of different stakeholders whichplays a very crucial role in offering various support to an organization such as; financial, menpower, suggestion and so on (Stakeholder Engagement, 2008). Therefore, it aids an enterprise inattaining their company goals at minimum time period by satisfying needs or demands of distinctdomestic as well as foreign clients. Engagement of stakeholdersIt has been assessed that several number of internal and external stakeholders are actingas a major factor for company development in various manner. Thus, they are involved insuccess of an enterprise in several form which is described as follows:-Decision making process:- As per this factor various members of an organization aretaking part in decisional process by representing their views or opinions in order to makecorrective judgement which is beneficial for company. In fact, it is indispensable forshareholders to present their views so that they cant feel depart from decision makingprocess of a company (Kazadi, Lievens and Mahr, 2016). Consultation:- Manager of ALDI is consulting with employees as well as other memberswhomsoever are having their shares in business operations so that they can't feelneglected. However, it is very useful or beneficial for overall company because it aids an1
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