Social Performance Essay Example | Topics and Well Written Essays - 1250 words

Social Performance - Essay Example The secondary stakeholders are those individuals who have indirect interest with the interests of the company, and they include inhabitants who live close to the company, and would therefore be affected if the organization decides to pollute their local rivers or staff who count on the company employing indigenous workers. These secondary stakeholders can also be primary stakeholders. For example, the pollution directed to the environment might affect those who live next to the company. The company employs others and they stock the company making them have direct interest with the company’s financial well-being (Keep, 2003). These stakeholders at times became so vocal, like when the staff members go against laying off workers and outsourcing other financial goals. Primary stakeholders of this company are at times known as market stakeholders. All these stakeholders are important for this organization as the primary stakeholders have an official, or prescribed relationship with the company (Keep, 2003). The secondary stakeholders have a continuous or an enduring interest in the company, but no direct financial contact. Even though the primary stakeholders develop a direct connection with the company, situations would imply that they should not continually receive the highest impact by an administrator controlling which specific strategic preference to choose (Keep, 2003). Stakeholders can influence an organization by expecting the company to stratify their needs. In addition to this, stakeholders offer the company with resources, and in turn expect a suitable profit on their savings. Workforces provide manual labor, skills and in exchange anticipate getting a corresponding income and trade satisfaction (Keep, 2003). Clients want value for capital invested and traders seek responsible buyers. Shareholders as managers should always work towards the interest of the company owners (Keep, 2003). Q2) Recommend ways the stakeholders can influence the destiny of your business. The company should also work in a manner that it treats all the stakeholders fairly. This is because the company appreciates varying views. The company should note that it cannot function without the stakeholders taking part in the decision making process. Therefore, it is important to involve the stakeholders in the process of making decision especially concerning matters to do with investments (Keep, 2003). The major influence of stakeholders will reflect on how they affect the planning of activities in the company, how they lead to uncertainty in the company plans, and the company needs depend on the stakeholders’ decisions. It is important to note that senior management of the company has a lot of influence than the environmental activists (Keep, 2003). The organization can make an effort to develop racial coherence to alter the social environment for workers of both the ethnic or social minority, as well as the majority within the company to ensure that th ey all work in harmony towards achieving their company goals. This company should always aim at involving all members in the process of decision making so that everyone involved feels part of the organization (Keep, 2003). The organization should always provide accommodating work conditions, relief programs for workers, leave for parents, and other attempts that offer workers leisure time to reduce stress and enhance productivity