Every organization relies on its own unique bundle of organisational stakeholders. Each one of the relationships between the organisation and its stakeholders is influential in its ability to serve its mission and achieve above average profits in the profit sector or to create value in the not-for-profit sector. However, there are several ways that stakeholder management differs between the for-profit and not-for-profit organisations. It is easy to think of a for-profit firm that has product market stakeholders, such as customers, who can add or subtract their support by their decision of whether or not to purchase the firm’s products or services. But to know who is are the customer for a not-for-profit, and are the categories of product, market, organization, and capital market stakeholders might be challenging to obtain the needed information. Perform a macro environmental analysis, and list all known or expected stakeholders for the organisation chose CLO 3 : Perform internal and external analysis in an organisation
Question
Every organization relies on its own unique bundle of organisational stakeholders. Each one of the relationships between the organisation and its stakeholders is influential in its ability to serve its mission and achieve above average profits in the profit sector or to create value in the not-for-profit sector. However, there are several ways that stakeholder management differs between the for-profit and not-for-profit organisations. It is easy to think of a for-profit firm that has product market stakeholders, such as customers, who can add or subtract their support by their decision of whether or not to purchase the firm’s products or services. But to know who is are the customer for a not-for-profit, and are the categories of product, market, organization, and capital market stakeholders might be challenging to obtain the needed information.
- Perform a macro environmental analysis, and list all known or expected stakeholders for the organisation chose
CLO 3 : Perform internal and external analysis in an organisation
Step by step
Solved in 4 steps
