Wesfarmers Stakeholders
Added on 2022-12-23
16 Pages3603 Words87 Views
Running head: WESFARMERS STAKEHOLDERS
WESFARMERS STAKEHOLDERS
Name of the student
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WESFARMERS STAKEHOLDERS
Name of the student
Name of the university
Author Note
1WESFARMERS STAKEHOLDERS
Executive Summary
Stakeholders are an integral part of a business. Stakeholders are people with an interest or a
concern regarding a particular business enterprise. Stakeholders are important for a business
because it can affect or be affected by the organization’s objectives, goals, actions and policies.
Certain key stakeholders for every business enterprise are creditors, customers, directors,
employees, government and its agencies, shareholders, various business and labor unions, and
community from which the particular organization draws its resources for business. Wesfarmers
is an Australia based conglomerate company, which has its headquarters in Perth, Western
Australia. The purpose of this report is to analyze the stakeholders, internal as well as external,
of Wesfarmers. The respective report is the introspection, analysis and interpretation of the roles
and significance of the internal and external stakeholders of Wesfarmers Company.
Executive Summary
Stakeholders are an integral part of a business. Stakeholders are people with an interest or a
concern regarding a particular business enterprise. Stakeholders are important for a business
because it can affect or be affected by the organization’s objectives, goals, actions and policies.
Certain key stakeholders for every business enterprise are creditors, customers, directors,
employees, government and its agencies, shareholders, various business and labor unions, and
community from which the particular organization draws its resources for business. Wesfarmers
is an Australia based conglomerate company, which has its headquarters in Perth, Western
Australia. The purpose of this report is to analyze the stakeholders, internal as well as external,
of Wesfarmers. The respective report is the introspection, analysis and interpretation of the roles
and significance of the internal and external stakeholders of Wesfarmers Company.
2WESFARMERS STAKEHOLDERS
Table of Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Company Overview.....................................................................................................................3
Functional Area of the Company.................................................................................................4
Key Stakeholders.........................................................................................................................4
Analysis of the internal stakeholders...............................................................................................5
Employees....................................................................................................................................6
Managers......................................................................................................................................6
Investors.......................................................................................................................................7
Board members............................................................................................................................7
Analysis of the external stakeholders..............................................................................................8
Customers....................................................................................................................................8
Suppliers......................................................................................................................................8
Implications of the conflicting interests..........................................................................................8
Influence level of the stakeholders................................................................................................10
Comparison with hospitality sector...............................................................................................11
Conclusion.....................................................................................................................................12
Reference.......................................................................................................................................13
Table of Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Company Overview.....................................................................................................................3
Functional Area of the Company.................................................................................................4
Key Stakeholders.........................................................................................................................4
Analysis of the internal stakeholders...............................................................................................5
Employees....................................................................................................................................6
Managers......................................................................................................................................6
Investors.......................................................................................................................................7
Board members............................................................................................................................7
Analysis of the external stakeholders..............................................................................................8
Customers....................................................................................................................................8
Suppliers......................................................................................................................................8
Implications of the conflicting interests..........................................................................................8
Influence level of the stakeholders................................................................................................10
Comparison with hospitality sector...............................................................................................11
Conclusion.....................................................................................................................................12
Reference.......................................................................................................................................13
3WESFARMERS STAKEHOLDERS
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