Report on Stakeholders: Kingsley University Student Attendance System

This report provides a comprehensive stakeholder analysis of Kingsley University, focusing on the student attendance system. It identifies five key stakeholders: students, faculty, government, investors, and the department of technology. The report examines the power and interest of each stakeholder, utilizing a power/interest grid to illustrate their influence. Additionally, it outlines various management strategies suitable for each stakeholder group, such as keeping them informed, monitoring their performance, managing them closely, and keeping them satisfied. The conclusion emphasizes the importance of these strategies for effective management and maintaining a functional environment within the university. The report also includes a list of references including books, journals, and online resources.

STAKEHOLDERS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1................................................................................................................................................1
1.2................................................................................................................................................2
1.3................................................................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES ...............................................................................................................................7

INTRODUCTION
Stakeholder is a party which has an interest in a company and it can either affect or be
affected by the organisations actions, policies and objectives. It includes interests, employees and
customers are considered as primary stakeholders. Present report is based on Kingsley University
of UK which is focused on the case of Student attendance system. This report covers the major
stakeholder whose role in the stated University and how it can affect and affected by it. Further,
the power of that stakeholder and it also includes the description of strategies of management for
the described stakeholders(Barnett, 2014).
TASK 1
1.1
Stakeholder plays an important role in a university so there are five major stakeholder
which either affect or affected by the Kingsley University. The stakeholders is the party who can
individually or in a group can affect the organisation. The main stakeholders are as follows: Students of college: As per the case, students are the key stakeholders who are the main
people which can influence the university where the main criteria is about the attendance
of students. The attendance of students must be that much which ultimately improve the
performance of students and their grades(Beringer, Jonas and Kock, 2013). Faculty: Participation of faculty member is an essential part of any student organisation
where the role of them is to facilitate the students with good teaching and help them to
perform better. In this case, the main focus is on attendance of students which is also
affect the faculty member and put a question mark on their performance towards the
students. Government: The role of government is to incorporate various rules and regulations in
the stated university and to ensure that they must follow as per the regulatory framework.
Government also provide benefits to the students who achieve good grades all over the
university and also helps to those students who area unable to manage the fees of the
colleges(Chen, Kacperczyk and Ortiz-Molina, 2012). Investors: Investors are also important part of the University where they invest a huge
amount of money with a trust to get benefits from that. It helps university to grow in a
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competitive environment. Investors might be of two types, first is primary investors who
is a able to provide a monetary contribution to the university and on the other side,
secondary investors who provide material and resources for a specific area which helps to
sustain the cited university.
 Department of technology: Department of technology also plays a major role in the
university where they install the different kind of software which can identify the
attendance of students and helps in measuring all data as per the requirement. They also
install ID card reader which automatically analyse the data of each student. Due to the
implementation of various techniques, it will helpful to manage and maintain all the
things in the stated university(Finn and Bruix, 2014).
1.2
From the above discussion, the stakeholder plays an important role in the stated
university and how it can affect and affected by the actions of the Kingsley University. The
students of college, faculties, government, investors and department of technology are the major
stakeholders(Harrison, and Van der Laan Smith, 2015).
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Illustration 1: Power/ interest grid of the stakeholders
Source: Stakeholder Analysis
According to the above illustration, firstly start with the government bodies and their role in the
university where the power of government is high because the rules and regulation must be
followed and accepted by the university and the interest is low as they have many more
organisations to handle. Involvement of government is helpful and providing good results for the
stated university.
Further, students of college are major key stakeholders in a university, the interest and
power both is moderate in case of students because in relation to power, they have to follow all
rules as per the college and they have to maintain the overall decorum of the college. On the
other side, interest of students is also moderate as they have less choice regarding the things done
as per their comfort or interest. So the students of college have equal right upon the power and
interest which is moderate(Lamin and Zaheer, 2012).
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In addition to this, another stakeholder which is investor, the power investors is very high
as they invest a huge amount of money in the university for the development and manage the
sources for the university. On the other side, the interest of investors is also high because as they
invest, they expect a high rate of return which is beneficiary for them. So the investors plays an
important role in the stated university and they should maintain proper relations with them. At
last, it helps them to grow as well as the stated university.
Now, another stakeholder which playing important role in the university is faculty members by
which there is an increase in the knowledge of students. The power of faculty members is low
because they have to do work as per the guidelines of their senior and they have to follow them
properly(Lovejoy, Waters and Saxton, 2012). As the interest of the faculty member is quite high
which involves the duties of faculty member and they do with full interest because they adopted
the line of teaching as per their interest only, so the power of faculty member is low and the
interest is quite high in the stated university.
At last but not least, the department of technology plays a major role as a stakeholder in a
Kingsley university. It includes the power of technology which is moderate because the us of
technology is essential for every department and the interest of this stakeholder is also moderate
as it creates a good working environment and helpful in providing information in the stated
university. Thus, this all are the stakeholders which has the power and interest in the university.
1.3
Stakeholders is any individual or a group of people who can affect or affected by the
actions, policies and practices, decisions and goals of an organisation. The stakeholder plays a
major role in a company(Rozanski and Woods 2012). The various strategies of management are
suitable for the stakeholder group in Kingsley university: Keep Informed: This is first strategy of management in which the people must be
informed through various information technologies such as advertisement, social media,
e-mails and make use of internet by which people are informed and consult on interest
area. In this case, the strategy of keep informed will be applied on faculty members in
which interest is high but power is low. So, this strategy is suitable for the faculty
member in a stated university.
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 Monitor: This is the least important strategy in which there is only monitor the
performance of the people and information is transferred through general communication
such as newsletters, website, mails. The interest and power both of a stakeholder is low.
So the aim of this strategy is to move into the keep informed strategy(Seuring and Gold,
2013). Manage Closely: Another strategy of management is to manage closely which means the
key players plays an important role which are decision making bodies. As per the case,
investors are the key players and they should be manage closely with full attention
because the power and interest both is high. To manage the proper relation with the
investors they should be in regular communication with them. The decisions are taken as
per the discussion between investor and the stated university. So they high influence and
high interest so that all the aspect of investor is essential for the stated university(Turker,
and Altuntas, 2013).
 Keep satisfied: This is another management strategy which is suitable for the stakeholder
means to engage and consult on interest area, try to increase the level of interest.
Government as a stakeholder plays a major role with high power and low interest in the
stated university(). Rules and regulation should be followed by the university as the
power is in the hand of government. To meet the needs of government is the most
important part of this management strategy(Zona, Minoja and Coda, 2013).
Thus, these all are the management strategies which are suitable for the each group of the
stakeholder. The stakeholders should adopt these strategies to manage the situations at Kingsley
university.
CONCLUSION
It is concluded that, present report focuses on the stakeholders who are the person affect
or affected by an organisation. This report consist of five major stakeholders of Kingsley
university such as students of college, faculty members, investors, department of technology and
government. These all are the stakeholders which influence and influenced by the university.
This report also covers the power and interest grid of stakeholders in which investors has high
power and interest as they are considered as the key players. Further, government has high
influence and interest is low and their needs must be fulfilled. In this report, there is a description
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of various management strategies which are suitable for the stakeholders. At last, adoption of
such strategies helpful in the proper management and to maintain the work at university.
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REFERENCES
Books and journals
Barnett, M.L., 2014. Why stakeholders ignore firm misconduct a cognitive view. Journal of Management. 40(3).
pp.676-702.
Beringer, C., Jonas, D. and Kock, A., 2013. Behavior of internal stakeholders in project portfolio management and
its impact on success. International Journal of Project Management. 31(6). pp.830-846.
Chen, H.J., Kacperczyk, M. and Ortiz-Molina, H., 2012. Do nonfinancial stakeholders affect the pricing of risky
debt? Evidence from unionized workers. Review of Finance. 16(2). pp.347-383.
Finn, R.S. and Bruix, J., 2014. Hepatic Oncology: a journal for all stakeholders in liver cancer management. Hepatic
Oncology. 1(1). p p.1-1.
Harrison, J.S. and Van der Laan Smith, J., 2015. Responsible accounting for stakeholders. Journal of Management
Studies. 52(7). pp.935-960.
Lamin, A. and Zaheer, S., 2012. Wall Street vs. Main Street: Firm strategies for defending legitimacy and their
impact on different stakeholders.Organization Science. 23(1). pp.47-66.
Lovejoy, K., Waters, R.D. and Saxton, G.D., 2012. Engaging stakeholders through Twitter: How nonprofit
organizations are getting more out of 140 characters or less. Public Relations Review. 38(2). pp.313-318.
Rozanski, N. and Woods, E., 2012. Software systems architecture: working with stakeholders using viewpoints and
perspectives. Addison-Wesley.
Seuring, S. and Gold, S., 2013. Sustainability management beyond corporate boundaries: from stakeholders to
performance. Journal of Cleaner Production. 56, pp.1-6.
Smillie, I., Helmich, H., Randel, J. and German, T., 2013. Stakeholders: Government-NGO partnerships for
international development. Routledge.
Turker, D. and Altuntas, C., 2013. Ethics of social responsibility to indirect stakeholders: a strategic perspective.
International Journal of Business Governance and Ethics. 8(2). pp.137-154.
Zona, F., Minoja, M. and Coda, V., 2013. Antecedents of corporate scandals: CEOs’ personal traits, stakeholders’
cohesion, managerial fraud, and imbalanced corporate strategy. Journal of Business Ethics. 113(2). pp.265-
283.
Online
Stakeholder Analysis. 2016 [Online] Available through: <http://www.stakeholdermap.com/stakeholder-
analysis.html> [Accessed on 25th October, 2016]
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