Tuesday, March 5, 2019

Verizon Stakeholders

Stakeholders Stakeholders atomic number 18 the ones who have a stake in the musical arrangement and thus in some way or the other are related to the organization. This all-embracing definition of stakeholders often leads to confusion hence a more delimit definition was derived that explains group who are vital for the organization or groups that wait on to define the organization, its mission, purpose and goals, and or are most affected by the activities of the organization (Lebeer, 2002, p. 181). Considering the above given definition, the stakeholders of Verizon can be segregated as intimate as well as external stakeholders.Everybody who works for the organization can be considered as the internal stakeholder (Banhegyi, 2009, p. 395). The employees of Verizon are the internal stakeholders of the family however the families of these employees are overly considered to be a part of internal shareholders. The external stakeholders are the ones who are not a part of the organiza tion, that have sideline in the company (McManus, 2005, p. 147). In Verizon, the customers are considered as one of the most important external stakeholders. Apart from customers, the shareholders and the investors are also of great importance.Other external stakeholders are the government, the public, and the environment. According to stakeholders theory, the stakeholders should be place and segregated into different groups depending upon the power and beguile the exercise on the organization. This separatism is often called power grid. According to it, the stakeholders can be segregated into quaternion different groups, these are High power-High rice beerThese stakeholders have active interest in the day to day functioning of the firm, so they should actively recruit in managing the organization.Interest coupled with power gives them the authority to take conclusion and set policies. Example The management High interest-Low power These stakeholders are provoke in particip ating in the activities related to the organization plainly overdue to lack of power they cannot actively participate in the decision reservation process. The organization should keep them informed regarding the decision taken. Example The employees High power-Low interestThe stakeholders who possess the power but are unwilling to participate in different organizational activities belong to this group.The management tries to appease this section of the stakeholders as far as possible. Example Investors Lower interest-Low powerThis set of stakeholder uncomplete have the power to participate in the decision making activities nor do they have the interest to participate in any kind of practise related to the organization. Therefore, the organization should not pay much attention to them but their activities should be monitored on time to time basis. Example Government, social interest groups, suppliers, etc. Figure 1 Power Grid (Source Davies, 2007, p. 36)

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