Internal Stakeholders Stakeholders can be divided into two main categories: Internal Stakeholders and External Stakeholders. |350x350px Internal stakeholders can be considered the first line of action when it comes to implementing decisions in a company, due to the fact that they have direct influence on its organizational resources.Greenwood, Michelle (2001). The Importance of Stakeholders According to Business Leaders. Retrieved URL The classification of internal stakeholders can be divided into three categories: shareholders, managerial employees, and employees. Shareholders typically believe that they are the ones with the most power when it comes to influencing decision making because they own a part of the company, however, managerial and nonmanagerial employees should be given the same amount of credit because they are the ones in charge of applying the different politics that have been established at a managerial level to assure the success of company. While managers transmit the organizations goals, the nonmanagers are in charge of putting these goals into practice. The success of a company occurs when these three categories are given the same importance, and therefore, become synchronized to achieve the same goals. External Stakeholders External stakeholders are people who neither own a part of the organization nor employed by it, but do have some interest in it or its activities. While internal stakeholders are divided specifically into three categories, external stakeholders are made up of a more broad set of actors. These actors can be: Customers, suppliers, unions, the government, pressure groups, and the general public can all be considered external stakeholders.Cipsknowledge, (2014). Internal, connected and external stakeholders. Retrieved from: URL The demands put forth by these actors motivate the organization to accomplish there values and goals that were established when the organization was created. On the other hand, the external stakeholders can evaluate the effectiveness of the organization depending on whether or not they satisfy the interests of these actors.Grant T. Savage, Timothy W. Nix, Carlton J. Whitehead and John D. Blair, (1991) Strategies for Assessing and Managing Organizational Stakeholders. Retrieved from: URL If external stakeholders feel that the company is not handling the issues that they have presented, they have the capacity to indirectly influence the market where the company develops its business, leading to a decrease in the profit of that organization until they have addressed this issue. Satisfaction of Organizational Stakeholders
Internal stakeholders Stakeholders can be divided into two main categories: Internal Stakeholders and External Stakeholders. |350x350px Internal stakeholders can be considered the first line of action when it comes to implementing decisions in a company, due to the fact that they have direct influence on its organizational resources.Greenwood, Michelle (2001). The Importance of Stakeholders According to Business Leaders. Retrieved URL The classification of internal stakeholders can be divided into three categories: shareholders, managerial employees, and employees. Shareholders typically believe that they are the ones with the most power when it comes to influencing decision making because they own a part of the company, however, managerial and nonmanagerial employees should be given the same amount of credit because they are the ones in charge of applying the different politics that have been established at a managerial level to assure the success of company. While managers transmit the organizations goals, the nonmanagers are in charge of putting these goals into practice. The success of a company occurs when these three categories are given the same importance, and therefore, become synchronized to achieve the same goals. External stakeholders External stakeholders are people who neither own a part of the organization nor employed by it, but do have some interest in it or its activities. While internal stakeholders are divided specifically into three categories, external stakeholders are made up of a more broad set of actors. These actors can be: Customers, suppliers, unions, the government, pressure groups, and the general public can all be considered external stakeholders.Cipsknowledge, (2014). Internal, connected and external stakeholders. Retrieved from: URL The demands put forth by these actors motivate the organization to accomplish there values and goals that were established when the organization was created. On the other hand, the external stakeholders can evaluate the effectiveness of the organization depending on whether or not they satisfy the interests of these actors.Grant T. Savage, Timothy W. Nix, Carlton J. Whitehead and John D. Blair, (1991) Strategies for Assessing and Managing Organizational Stakeholders. Retrieved from: URL If external stakeholders feel that the company is not handling the issues that they have presented, they have the capacity to indirectly influence the market where the company develops its business, leading to a decrease in the profit of that organization until they have addressed this issue. Satisfaction of organizational stakeholders
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