The Structure of Business

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Table of Contains

Introduction

Identify two (2) main categories of Stakeholders of a business, and discuss the basis for your classification

Discuss Four (4) stakeholders of a High School in your community, explaining the relationship each has with the aforementioned school.

Mention and discuss Stakeholder Power and Influence factor elements

Write out a “Mission Statement” for the High School in question 2 above, taking care to include stakeholders within the mission statement.

Using the Objectives & Purpose typology framework, identify and discuss the various organisation classifications

Bibliography

Conclusion

Introduction

The objective of this work is to identify the importance of the stakeholders of business and his influence in school.

In the past, organizations had simpler concepts of how they relate to the marketplace and the environment in which they live. The relationship between company and society was based on the exchange of monetary values for goods and services. This concept changed and, with the company’s changing behaviour in many sectors, affected the company and its performance, so stakeholder theory has appeared .

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Identify two (2) main categories of Stakeholders of a business, and discuss the basis for your classification

Stakeholders refer to the strategic audience and describe a person or group that has an interest in a business, a company or an industry and may or may not have invested in them. Question means interest, participation, risk. Holder means the one you own. It is a widely used word in the areas of communication, administration and information technology, whose objective is to identify the individuals and groups most important to the strategic planning or the business plan that is. Stakeholders are nothing more than people and organizations that can be affected by a project, directly or indirectly, positively or negatively. They are also known to be stakeholders, who form the basis of communication management and play a very important role in planning and executing a project. The stakeholder group of a project can be comprised of: entrepreneurs, employees, suppliers, competitors, owners, clients, state, media, and unions.

Key stakeholders – Internal stakeholders are usually those involved in economic transactions with the company (for example, shareholders, customers, suppliers, creditors, and employees).

Secondary Stakeholders – external stakeholders are those who without engaging in direct economic exchanges with the company – are affected or may affect their actions (e.g., the general public, communities, militant groups and the media).

Excluded stakeholders – Normally it involve children or the disinterested public, originally because they had no economic impact on business.

Discuss Four (4) stakeholders of a High School in your community, explaining the relationship each has with the aforementioned school.

Stakeholders are important from the point of view of quality assurance because higher education institutions, stakeholders, have an interest or participation in the institutions. Internal actors in higher education institutions include students and staff, while external factors include partners and clients. There is a need to categorize partners and clients from different perspectives including finance, process and collaboration, external impact, and organizational learning.

These ideas provide a guarantee that all the necessary elements are included in the future success and quality assurance of an institution. The stakeholder idea intersects with many school reform concepts and strategies – such as leadership, shared leadership and voice teams – that generally seek to increase the number of people involved in organizational decision-making, operational and academic issues. For example, shared leadership involves creating leadership roles and decision-making opportunities for teachers, staff, students, parents, and community members, while voice refers to the degree to which schools integrate and act according to values, opinions, beliefs, perspectives and culture, people in your community. Stakeholders can be part of a management team, take on leadership responsibilities at a school, or express their ideas, views and opinions at community forums or board meetings.

Mention and discuss Stakeholder Power and Influence factor elements

When stakeholders are listed, they need to better see how they can interfere with the company or project. For this, it is recommended to create a spreadsheet with all stakeholders and start to better describe who these stakeholders are. Identification of the points of contact with the project: the customers interact with the project at the moment of consumption; operation. Identifying and listing points of contact is the first step in describing an interested party.

Identify positive influences: The goal here is to determine how this stakeholder can have a positive impact on the project: a supplier, for example, can collaborate on deliveries on time.

Identification of negative influences: the opposite of the previous item. The press may publish negative articles about the project.

Quantification of the power of influence: technique in which the leader determines a value, generally between 1 and 10, allowing the shareholder to have an impact on a project. A boycott of a community could be encrypted at 8, for example.

Quantification of interests: similar to the previous point, but the objective here is to value the interests of this interested party in the project. A sponsor might have some interest in a project.

Write out a “Mission Statement” for the High School in question 2 above, taking care to include stakeholders within the mission statement.

Stakeholders can also play a role in community-based learning by suggesting that local scholars, institutions and institutions can associate themselves with the school curricula that are taught to the surrounding community, including local history, literature and cultural heritage, and in a natural setting. . Community-based learning is also encouraged by the fact that every community has an internal educational tool that teachers can use to enhance learners’ learning experiences so that stakeholders are necessarily involved in the process.

Generally, the growing use of public education stakeholders is based on the recognition that public institutions supported by state and  municipal public taxes are not only part of the communities they provide but are also required to include them  in the community through management , operation or important decisions about improvement. Schools are becoming more intensive and more proactive with the involvement of the broadest diversity of stakeholders.

Particularly disadvantaged communities and actors or support groups that were previously less educated or academically underdeveloped in schools, including English learners, immigrant students, and special education students. In some cases, federal or state programs and foundation grants may encourage or require the inclusion of more than one stakeholder group in school development efforts as a condition for funding.

Using the Objectives & Purpose typology framework, identify and discuss the various organisation classifications

It is an organisation within the organisation that deals with the recruitment, management and management of people working within it. Human Resource Management deals with compensation, performance management, organization development, security, wellness, benefits, employee motivation, training, and more. HRM plays a strategic role in managing people, working culture and the environment. If effective, you can greatly contribute to the overall corporate direction and achievement of its goals.

More companies are looking for outsourcing services for HR enrolment companies. Focusing on Human Resources Management is on the strategic use of employees and the measurable impact of employee programs. In such an environment, the effectiveness of Human Resources Management is key to business success. HR specialists create systems for performance development, career planning and employee development. It motivates people, is happy, personally involved and contributes to the success of the company. In addition, the HR expert helps organizational culture and the climate, in which employees have the competence, concern and commitment to serve customers.

Conclusion

The purpose of this article was not to prove the applicability of different approaches to stakeholders, much less to say that the results can be applied to any other reality. The objective of this work was to seek a better understanding of the stakeholders using a High school as a subject of study.

References

https://en.wikipedia.org/wiki/Stakeholder_(corporate)#Types_of_stakeholders

https://www.edglossary.org/stakeholder/

https://www.edglossary.org/school-community/

https://www.griffith.ie/blog/importance-human-resource-management