What is a stakeholder objective?
An organization’s stakeholders are the individuals or groups that influence or have an interest in the firm’s actions and decisions. Objectives are what the stakeholders seek to achieve. Each stakeholder looks to protect his own interests by ensuring his objectives have been met.Click to see full answer. Similarly one may ask, what are the objectives…
An organization’s stakeholders are the individuals or groups that influence or have an interest in the firm’s actions and decisions. Objectives are what the stakeholders seek to achieve. Each stakeholder looks to protect his own interests by ensuring his objectives have been met.Click to see full answer. Similarly one may ask, what are the objectives of shareholders?The objective of many shareholders is to influence the governance of the firm to meet their individual objectives and goals. Depending on the percentage of ownership she holds, a shareholder can significantly influence the business’s strategic decisions.Also, what is a stakeholder conflict? Stakeholder conflict arises when the needs of some stakeholder groups compromise the expectations of others. A business has to make choices which some stakeholders might not like. Likewise, why do stakeholders have different objectives? Different stakeholders have different objectives. The interests of different stakeholder groups can conflict. It will therefore benefit owners but work against the interests of existing staff who will lose their jobs. Customers also suffer if they receive a poorer service.What is an employee objective?Employee objectives are performance targets that are agreed between an organization and an employee for a year, half-year or quarter. They are typically designed to be specific, measurable, achievable, relevant and time-bound. The following are illustrative examples.
