stakeholders.power.point.text,business.internal
- 1. Stakeholders Sahar Amr Directed to : Dr. Mahmoud Abdelmohsen
- 3. Internal stakeholders: •Employees: They contribute their skills and labor, impacting productivity and reputation. •Owners/Shareholders: They invest capital and expect financial returns and value growth. •Management: They lead and make decisions affecting all
- 4. External stakeholders: • Customers: They purchase products or services, driving revenue and shaping company direction. • Suppliers: They provide resources necessary for operations, affecting cost and quality. • Creditors: They lend money and need assurance of repayment. • Communities: They are impacted by the business's environmental and social activities. • Government: They regulate and tax businesses, affecting compliance and operations. • Media: They can influence public
- 5. What are their interests, expectations, and concerns? Stakeholders have diverse interests. Common themes include: • Financial: Profitability, returns on investment, and job security. • Operational: Efficiency, quality, and product safety. • Ethical: Sustainability, environm ental impact, and fair labor practices. • Reputational: Public image, brand recognition, and customer trust. • Personal: Growth, development,
- 6. What are their interests, expectations, and concerns? Expectations vary based on the stakeholder group. For example, customers expect quality products and service, while employees expect fair compensation and opportunities for advancement. Concerns arise when stakeholder interests are not met. Employees might worry about layoffs, customers might complain about poor quality, and communities might protest environmental pollution.
- 7. Stakeholders can influence the project or organization in various ways: • Customers: By choosing to buy or not buy products, affecting revenue and product strategy. • Employees: By contributing ideas, working efficiently, and maintaining good customer relations. • Investors: By providing or withdrawing funding, influencing financial decisions. • Government: By setting regulations and policies, affecting operations and compliance How do they influence or are influenced by the project or organization?
- 8. The project or organization also influences stakeholders: • Employees: By providing salaries, benefits, and work environment, impacting job satisfaction and retention. • Communities: By creating jobs, supporting local businesses, and minimizing environmental impact. • Government: By generating tax revenue and contributing to the overall economy. How do they influence or are influenced by the project or organization?
- 9. Categorizing stakeholders based on power, interest, and involvement: 1 2 3 Involvement Their level of engagement with the project or organization. Interest: Their level of concern about the project or organization. Power Their ability to influence the project or organization.
- 10. Categorizing stakeholders based on power, interest, and involvement : This helps prioritize stakeholder engagement and communication strategies. For example, high- power, high-interest stakeholders need close involvement and regular communication, while low-power, low-interest stakeholders might require minimal outreach.
- 11. Balancing Stakeholder Interests: A Delicate Symphony You can enter a subtitle here if you need it Imagine juggling various balls in the air, each representing the interests of a different stakeholder in your business. Balancing these competing priorities is a constant challenge, but crucial for long- term success. Let's explore the importance of stakeholder aims and the key concept of shareholders in this intricate dance.
- 12. Balancing Stakeholder Interests: A Delicate Symphony 01 Employees: They seek job security, fair compensation, and a positive work environment. 03 Investors: They want financial returns on their investments and sustainable growth. 04 Communities They desire environmental responsibility, economic prosperity, and social well-being. 02 Customers They expect quality products, excellent service, and value for their money. Each stakeholder has their own unique set of aims, and it's the organization's responsibility to balance these sometimes conflicting demands. This can be a complex task, requiring careful consideration of each stakeholder group's priorities and finding solutions that benefit everyone in the long run.
- 13. Why Stakeholder Aims Matter: The Importance of Shared Success Focusing solely on shareholder profits, for example, might neglect employee well-being and lead to high turnover, ultimately impacting productivity and customer satisfaction. Similarly, ignoring environmental concerns can damage a company's reputation and alienate socially conscious consumers. By prioritizing stakeholder engagement and addressing their diverse aims, businesses can unlock several benefits:
- 14. Why Stakeholder Aims Matter: The Importance of Shared Success 01 Enhanced decision- making Understanding stakeholder perspectives leads to more informed and inclusive choices. 02 Stronger relationships Open communication and trust build rapport with key stakeholders, boosting loyalty and support. 03 improved innovation Diverse viewpoints foster creativity and generate new ideas for products and services. 04 Sustainable growth Addressing social and environmental concerns alongside financial goals ensures long-term success and resilience.
- 15. The Shareholder Concept: Balancing Individual and Collective Gains Shareholders are individuals or entities who own shares in a company, giving them partial ownership and a claim on its profits. They generally prioritize financial returns on their investment, such as dividends or capital appreciation. Balancing shareholder interests with those of other stakeholders is a central aspect of corporate governance.
- 16. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik The Shareholder Concept: Balancing Individual and Collective Gains This often involves: • Transparency and disclosure: Sharing financial information and business strategies with shareholders builds trust and accountability. • Effective shareholder engagement: Listening to shareholder concerns and incorporating their feedback into decision-making processes fosters a sense of ownership
- 17. The Shareholder Concept: Balancing Individual and Collective Gains Finding the right balance between shareholder interests and the needs of other stakeholders is an ongoing challenge, but achieving this equilibrium is crucial for building a successful and sustainable business that thrives in the long run.
- 18. The Shareholder Concept: Balancing Individual and Collective Gains striking the right chord in the stakeholder symphony requires constant attention, open communication, and a commitment to shared success. By prioritizing the diverse aims of all stakeholders, businesses can create a harmonious environment where everyone benefits from the collective melody of progress.
- 19. Thank you