Verizon Stakeholders Essay


Stakeholders would be the ones that have a risk in the organization and thus in some way or the other are related to the organization. This kind of broad definition of stakeholders typically leads to confusion; hence a much more narrow classification was extracted that points out " group who are vital for the organization or groups that help to define the organization, their mission, goal and goals, and or are most afflicted with the activities with the organization” (Lebeer, 2002, l. 181). Considering the above provided definition, the stakeholders of Verizon can be segregated as internal as well as external stakeholders. Everybody who have works to get the organization may very well be as the interior stakeholder (Banhegyi, 2009, l. 395). The employees of Verizon are the interior stakeholders with the company; even so the families of these types of employees are considered to be an integral part of internal shareholders. The external stakeholders are the ones who are not an integral part of the organization, but have interest in the corporation (McManus, 2005, p. 147). In Verizon, the customers are believed as one of the most critical external stakeholders. Apart from consumers, the investors and the traders are also of great importance. Additional external stakeholders are the government, the public, plus the environment. In accordance to stakeholders' theory, the stakeholders needs to be identified and segregated into different organizations depending upon the energy and curiosity the work out on the business. This segregation is often called power grid. Relating to this, the stakeholders can be seperated into 4 different groupings, these are: Excessive power-High fascination: These stakeholders have energetic interest in the day to day functioning with the firm, thus they should actively participate in taking care of the organization. Fascination coupled with electricity gives them the authority to take decision and set procedures. Example: The management Substantial interest-Low electricity: These stakeholders are interested in taking part in the activities...

Essay about Internal Auditor