Next week, in all your courses, you’re going to be asked to complete your studen

Question

Next week, in all your courses, you’re going to be asked to complete your student survey. Big deal… Why should your instructors care about what you have to say? Why should Post care about what you have to say?

1. What difference can you, can any stakeholder make, by conveying your thoughts to the company you’re a stakeholder in?

2. Is there a better way to reach for a result or action from the company?

3. If you own the company, why should you listen to whatever anyone says regarding improvement for the company you’ve poured you heart, soul, and monies into? Who are we to tell you??!

4. Ahhh, perhaps a light goes on here? Who is a stakeholder and why are they, and their voices, important?

Please number each question and provide one space between responses.

Explanation / Answer

Q1) Below is what stakeholder communication with the company would make a difference to both the firm and the stakeholders -

1. Makes the company understand the issues/impact on the stakeholders resulting from its business decisions to ensure it avoids the same in the future thus creating a win-win situation for both the entities.

2. Ensures the company protects its good will by responding to stakeholders in a timely manner.

3. Ensuring the interests of the stakeholders are protected.

Q2) The ways to reach out to a company for results or actions include -

1. Dropping a message or note on the company specific email id or contact form.

2. Communicating through social media.

3. Reaching out to the firm's public relations team

Q3) Companies survive the competition and sustain their competitive advantage by considering the fact that their business decisions and actions are not only impacting the products or services that they sell to customers but also the various stakeholders like shareholders, employees, general public, regulatory organizations etc. as a company's business survives on their goodwill which can be upheld by the stakeholders.Hence, it is important for the firm to listen to the stakeholders and base their business decisions.

Q4) Organization is responsible and accountable to multiple stakeholders who are directly or indirectly influenced by the organization’s operations and practices. The stakeholders for an organization include customers, business partners viz. suppliers, contract manufacturers, distributors etc., shareholders, investors, company board of directors, employees, general public, government and regulatory authorities etc. Hence, the actions of an organization affects one or more stakeholders

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.