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2) a)
Stakeholder refers to persons and and groups that affected by, an organizations
decisions, policies and operations. The word stake means an interest in business
enterprise. The relevant stakeholders are customers, employees, stockholders, the
media, governments, professional and trade associations, social and environmental
activities and non governmental activities.
They are two types of stakeholders which is market stakeholders and
nonmarket stakeholders. Market stakeholders are those that engaged in economic
transaction with the company. Also known as prime stakeholders. The relevant
market stakeholders are employees, stockholders, creditors, suppliers, customers,
distributors, wholesalers and retailers.
While non market stakeholders are people or groups who do not engage in
direct economic exchange with the firm. Known as secondary stakeholders. The
relevant stakeholders are communities, governments, non- governmental
organization, media, business support groups and general public.
b)
provide.
Employees wants to received fair compensation and opportunity to develop
their job skills.
c)
The power of stakeholders means the ability to use resources to make an
event happen or to secured a desired outcome. There are four types of stakeholders
power that are voting power, economic power, political power and legal power.
Voting Power : the stakeholder has a legitimate right to cast a vote such as
vote on major decision as merger and acquisition, the composition of the
board of directors and other issues that may come before the annual meeting.
Economic Power : customers, suppliers and retailers have this power.
Suppliers can withhold supplies or refused to fill orders if a company fails to
meet its contractual responsibilities. While customers may refuse to buy a
company products or services if the company act improperly. Customers can
boycott products if they believe the goods are too expensive , poorly made, or
D)
The coalitions are likely to form when they are similar, temporary alliances to
pursue a common interest. The coalition are not static