Typical Stakeholders' Contributions and Rewards
🔥 NEW Various stakeholders make different contributions to companies (organizations). And, in return they receive different rewards. Here is an overview of typical stakeholders, the main contributions they can make and typical rewards they hope to receive:
Stakeholders |
Contributions to organization |
Rewards for stakeholder |
Owners, capital providers |
Finances, funds |
Ownership, control, interest, dividend |
Managers |
POSDCORB (planning, organizing, staffing, directing, coordinating, reporting, budgeting), team building, spirit, innovation, change, labor, knowledge and skills |
Employment, salary, wages, status, prestige, social contacts, self-realization |
Employees |
Labor, knowledge and skills |
Employment, salary, wages, status, prestige, social contacts, self-realization |
Buyers, customers |
Market prices, clientele |
Products, services |
Suppliers |
Raw materials, semi-finished products, services, energy, information, means of production |
Market prices, clientele, goodwill |
Employers' organizations |
Lobbying, mouthpiece on behalf of the employers |
A stable, favorable business climate |
Unions |
Work climate, working conditions |
Employment, employee participation |
Governments |
Social-economic legislative framework, Infrastructure |
Taxes, levies, fees |
Miscellaneous stakeholders |
Criticism, wishes, demands |
Adjustment of the organization |
Any organization has to balance these kind of stakeholder contributions and rewards in the way it chooses to do. If it succeeds in doing that, this is called: a state of "organizational equilibrium".
Is this list of stakeholder contributions and rewards correct and complete? Please share your ideas and tips. Thanks!
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