10 Which stakeholders must companies satisfy Why is this pro

10. Which stakeholders must companies satisfy? Why is this process more difficult for companies operating abroad?

Solution

Stakeholders can affect the organization or get affected by its policies or objectives. The stakeholders include creditors, directors, employees, shareholders, supplier and community.

Each stakeholders have different aim and their needs different from each other. Shareholders want increased productivity and sales, employee want additional compensations and benefits, customer look forward for the lowest price for products and services and community look forward for social activities. Giving importance to one, might affect the organization negatively. Thus, it is important to satisfy all stakeholders and serve them appropriately for proper functioning of the organization. Not everyone will be satisfied at once, hencephalitis it is difficult to maintain balance in domestic market.

The companies abroad are not familiar with the stakeholders and about the dominant intrest of the group so it would be more difficult for them to choose one.