Answer to Question #164928 in Management for Asare Owusu Isaac

Question

2. Choose an organisation with which you are familiar or one you would like to know more about. Create a table indentifying potential stakeholders of this organisation. Then indicate what particular interests or concerns these stakeholders might have . Create a list of factors in the external environment that could affect the management of the business you selected.

Answer 1

Coca Cola Company

Potential stakeholders;

providers

Suppliers

Vendors

Business partners

Catering staff

Temporary contractors

Investors

Governance

Government(Regulators)

Management board

Steering group

Auditors

Health and safety executors

Users

Customers

another internal department(employees)

community

influencers

Trade unions

Lobby groups

Stakeholders’ interests and concerns;

i)       For customers - product or services quality and value

ii)      For government – GDP and taxes

iii)    For investors – financial returns

iv)    For employees- safety and income

v)     For suppliers and vendors – safety and revenue

vi)    For communities - economic development, health, and safety.

Factors in the external environment that could affect the management of the business;

i)       Religious factors

ii)      Cultural factors

iii)    Exchange rate fluctuations

iv)    Demography factors

v)     Inflation

vi)    Competitors

vii)  Technology

viii) Political condition