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External Stakeholder's Needs

1380 Words6 Pages

Stakeholder’s Needs Stakeholders are the people, who have interest in the affairs of the company either directly or indirectly. As such the results and operational activities of the organisations will affect the stakeholders. However, interests and needs will be different from one set of stake holders to another. Considering the needs of the stakeholders, in general, they will be classified as Internal as well as External Stakeholders. As per the context, General Engines have Internal Stakeholders consists mostly of employees and the management of the company. However, the external stake holders are Suppliers, Customers, Society, Government, Creditors and also shareholders. Employees of the General Engines will have direct and immediate …show more content…

As long as business does well, they will be ready to extend credit and also to provide short time delivery schedules. Shareholders are interested in return on their investment, long term stability and security to their investment. Government as well as society are concern about its taxable income and socially responsible and presenting the reports in appropriate way and to do social welfare activities. In the case, General Engines has been doing good to meet the expectations of its stake holders like Employees, customers and others. In terms of employees, company is listening to them and providing facilities like bonuses for encourage and medi-claim insurance to their family members.General Enginesalso has plans for expansion in to various sectors, it shows the growth and employee betterment both financially and also …show more content…

As the employees are primary part of stake holders, their needs are changing and its company’s scope to meet the needs. Many Employees often complains that they are more involved, engaged and also very good in productivity, but failing in meeting their personal life demands. In the long run, they fear of failure in professional life, unless a change in workplace flexibility and balance in personal and work life. In some of researches conducted by eminent, it is clear that work place flexibility arrangements would reduce the stress, it will facilitate more satisfaction in their jobs and more personal life, and so have better work-family balance. The employees who could do the balancing between the work and personal life, they don’t find necessity to look for another and more engaged with the company. Further those employees feel better in health and mental stress. Spill over is a mechanism, due to this the personality behaviour and feelings will pass on from one role to another. If the same is found negative from professional life to family life, it is considered as very bad and there will be conflict. But if it is positive, then work family life enhancement would be good. These two extreme spill over will always be there in every person, but the positive spill over will make good results for one’s life and also for company

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