Question

Analyze the requirements of four stakeholder groups for your company (or one you have studied), and discuss how they can be in conflict with one another and the company’s goals.

Answers to the question will be a minimum of 200 words.

Answer 1

answer-

My company is a car Manufacturing company. The goal of my company is to make cars which meets the need of customers and bring profit to the shareholders. The four stakeholders for my company are Investors like shareholders of the company. their requirement is to have return or profit on thier investment. second stakeholders are employees who work for the company. they require that company provide good compensation, working condition and support so that they can do thier job better. third stakeholder are customers who are very important for my company. they require that cars we provide them are of high quality, affordable and meet their needs. the last stakeholder is Government who require that we do business by complying laws and regulations set by government.

To make sure all requirements of all 4 stakeholders can be fulfilled is very difficult or may be impossible because there can be situation where conflicts with one another can affect company's goal.

lets discuss an example where we have manufactured a car which is fuel efficient, affordable, with good features in it. then we face a situation where employees find that car has issue that it does not meet the environment pollution standards that is EPA standards but we have manufactured the car and customers placed the order for such cars.

if we sell the car then we violate the EPA standards of government which would bring legal suit to company and affect company image. if we does not sell then customers will have to wait for thier cars . there can be customers who will cancel their orders so company will also suffer loss. all these conflicts will affect company's goals to bring profit as well as customer satisfaction.