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Importance of Stakeholders in an Organization

   

Added on  2022-12-26

31 Pages3199 Words1 Views
Higher Education
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Slide 1Facebook
[Student Name] [Student Number]
Importance of Stakeholders in an Organization_1

Slide 2 The stakeholders form an integral part of the organization and it
is in relation to this, the firm must undertake considerable
initiatives to meet the needs of these stakeholders.
The presentation will discuss the overall importance of the
stakeholders in an organization and discuss the manner in which
these stakeholder needs can be met with (Bonsón, Royo &
Ratkai, 2017).
Additionally, the strategic implementation plan to meet the
needs of each of the stakeholder groups will also be provided.

The given slide provides a brief overview of the concept of the stakeholders and the manner in
which they are required to be managed within the organization. It also highlights the overall
aims and objectives of the study.
Importance of Stakeholders in an Organization_2

Slide 3 The organization has a large number of stakeholders.
These stakeholders can be understood to be as follows:
Users Advertisers Shareholders Employees Government Communities

The different stakeholders of an organization can be taken to be the users, Government, the
employees, the various suppliers, the competitors, the advertisers and other such stakeholders.
Importance of Stakeholders in an Organization_3

Slide 4 However, priority matters in an organization
The various stakeholders have bee prioritized in the following
manner :
Offensive Hold
Defensive Swing
Facebook
Users Advertisers
EmployeesCEO

The stakeholders which have been selected for the purpose of the study can be taken to be as
follows:

Government

Employees

Advertisers

Facebook active users
Importance of Stakeholders in an Organization_4

Slide 5 The Swing stakeholders have been identified as the Facebook
users.
The various strategic options which are available for the
Facebook users can be stated to be as follows:
Increasing transparency in the operations
Improving the web layout (Facebook.com ,2019)
Increasing customized options

The various strategic options available for this group can be understood to be as follows:

Increasing transparency in the operations

Improving the web layout

Increasing customized options
Importance of Stakeholders in an Organization_5

Slide 6 After analysing the different strategic options which are
available for the different users, it can be recommended that the
following strategy would be appropriate for the different firms
to carryout can be stated to be as follows:
Improving the web layout
When the firm will be able to improve the web layout, then it
will be able to attract the different users to access the websites in
a better manner.

The strategy which has been selected for the implementation can be understood to be
improving the overall web layout of the Facebook.
Importance of Stakeholders in an Organization_6

Slide 7 The defensive stakeholders have been chosen as the Advertisers.
The Advertisers form a crucial part of the organization and
hence, the various strategic options which are available with
respect to the stakeholders are as follows:
Providing better rate options
Engaging in crucial transparency (Facebook.com, 2019)
Helping them to be more visible.

The various strategic options which are available for the different Advertisers can be understood
to be as follows:

Providing better rate options

Engaging in crucial transparency

Helping them to be more visible
Importance of Stakeholders in an Organization_7

Slide 8 From the various strategic options which are available for the
firm, the different strategic recommendations which can be
soundly adopted by the organization can be understood to be as
follows:
Assisting the advertisers to be visible in the better manner
Using this strategy, Facebook would be able to assist the various
stakeholders in ensuring that they are successfully able to be
better placed in the website and be displayed in a better manner
(Haigh & Wigley, 2015).

The defensive stakeholder strategy which has been chosen to be implemented can be
understood to be related to assisting the advertisers in making their advertisements visible in a
better manner and improving the operations of the firm.
Importance of Stakeholders in an Organization_8

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