Here’s how to create a stakeholder list:

All shareholders are stakeholders and all stakeholders are shareholders. 11. Customers, creditors, suppliers, employees, and the community in which a business operates are all: stakeholders.

Explanation: The true statement with regard to the rights approach is It is based on the belief that, regardless of how you deal with an ethical dilemma, human dignity must be preserved. That is to say that the best action protects the moral rights of the people involved.

1. 1 – GATHER THE FACTS. □ Don’t jump to conclusions without the facts.
2. 2 – DEFINE THE ETHICAL ISSUE(S)
3. 3 – IDENTIFY THE AFFECTED PARTIES.
4. 4 – IDENTIFY THE CONSEQUENCES.
5. 5 – IDENTIFY THE RELEVANT PRINCIPLES,
6. 6 – CONSIDER YOUR CHARACTER &
7. 7 – THINK CREATIVELY ABOUT POTENTIAL.
8. 8 – CHECK YOUR GUT.

1. Analyze the project documentation. Look for people, groups, departments, customers, and project team members affected by the project.
2. Pull project team members together to brainstorm about other affected parties that aren’t included in the documentation.
3. Make a stakeholder list.

9 Examples of Stakeholders

• Investors. The owners of a business.
• Creditors. The creditors of a business typically have rights such as access to accurate and timely financial information.
• Communities. The communities that are impacted by your business.
• Trade Unions.
• Employees.
• Governments.
• Partners.
• Customers.

Stakeholders can affect or be affected by the organization’s actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.

Shareholders are interested in financial statement analysis to know the profitability of the organization.

Primary stakeholders are those who have a direct interest in your organisation, whereas secondary stakeholders have an indirect association or benefit.

Examples of primary stakeholders are employees, customers and suppliers. Secondary stakeholders are people or entities that do not engage in direct economic transactions with the company. Secondary stakeholders examples are local communities, local workforce boards, activist groups, business support groups and media.

primary stakeholders as:

• employees,
• stockholders,
• vendors and.
• partners.

The list of secondary stakeholders may be long and include: business partners competitors inspectors and regulators consumer groups government – central or local government bodies various media pressure groups trade unions community groups landlords.

External stakeholders are groups outside a business or people who don’t work inside the business but are affected in some way by the decisions and actions of the business. Examples of external stakeholders are customers, suppliers, creditors, the local community, society, and the government.

Secondary Stakeholders Parents, spouses, siblings, children, other family members, significant others, friends. Schools and their employees – teachers, counselors, aides, etc. Doctors and other medical professionals, particularly primary care providers.

The importance of stakeholder engagement Specifically, stakeholder engagement can help: Empower people – Get stakeholders involved in the decision-making process. Create sustainable change – Engaged stakeholders help inform decisions and provide the support you need for long-term sustainability.

Who are a company’s most important stakeholders?

• Customers. Peter Drucker defined the purpose of a company as this; to create customers.
• Employees.
• Shareholders.
• Suppliers, distributors and other business partners.
• The local community.
• National Government and regulatory authorities.

The influence of stakeholders has increased how companies operate as community citizenship and social responsibility are more and more integrated into business management. Customers, employees, communities and business partners are among key stakeholder groups that carry weight in company decisions and activities.

They Bring in Money: Stakeholders are the large investors of the company and they can anytime bring in or take out money from the company. Their decision shall depend upon the company’s financial performance. Therefore they can pressurize the management for financial reports and change tactics if necessary.

This is a concept known as ’employees as stakeholders’ and suggests that employees of a business rely on the business to provide their own economic benefit to them and that employees will conduct themselves in manners to ensure the success and even growth of a business as best as they can.

Stakeholder conflict occurs when different stakeholders have incompatible goals. It creates a “problem” for the company because it affects the company’s performance and success. Companies must choose between maximizing and minimizing their impact on the company.

Recommendations

1. Address Conflicts Early.
2. Uncover Motivations Behind the Stakeholders’ Perspectives.
3. Look For Relationships Between Issues.
4. Involve Senior Management.
5. Solicit Agreement to Objectives and Approach from Divergent Stakeholder Groups.
6. Use Multiple Routes and Forms of Communication.

Four strategies for dealing with difficult stakeholders

1. Identify them and watch them closely. The first step is to clearly identify your stakeholders and figure out what motivates them.
2. Listen to what they say.
3. Meet them one on one.
4. Determine their motivation.

McDonald’s regards its customers, suppliers, and employees as its main stakeholders (McDonald’s, 2019). These stakeholders have impact on the operations of the restaurant and can be affected by it as well. McDonald’s works with a number of suppliers to procure both food and non-food items to run its operations.

McDonald’s Stakeholder Groups & CSR Initiatives. McDonald’s top stakeholders are its employees and customers. However, the firm’s corporate social responsibility status is also subject to the influence of other stakeholders.

Both types of government is important to McDonald’s because they have restaurants all around the world they will need planning permission a lot for the new buildings and the expanding the old stores. They both also receive money from McDonald’s they take money for taxes and they also receive V.A.T.

In terms of food and food safety, consumers represent a major group of stakeholders with other important stakeholder groups including non-governmental organizations such as consumer associations, environmental groups, industry groups, food manufacturers, policy makers, risk managers, public and private research …