Verizon Stakeholders

Stakeholders Stakeholders ar the ones who break a bet in the musical arrangement and thus in some way or the other atomic number 18 related to the organization. This broad translation of stakeholders a good deal leads to confusion hence a more narrow definition was derived that explains pigeonholing who are vital for the organization or groups that help to define the organization, its mission, purpose and goals, and or are or so affected by the activities of the organization (Lebeer, 2002, p. 181). Considering the above given definition, the stakeholders of Verizon brook be segregated as inner(a) as well as foreign stakeholders.Everybody who works for the organization can be considered as the cozy stakeholder (Banhegyi, 2009, p. 395). The employees of Verizon are the interior stakeholders of the comp each however the families of these employees are in like manner considered to be a part of internal shareholders. The outside(a) stakeholders are the ones who are non a part of the organization, moreover suffer rice beer in the company (McManus, 2005, p. 147). In Verizon, the customers are considered as one of the most important external stakeholders. Apart from customers, the shareholders and the investors are also of great importance.Other external stakeholders are the government, the public, and the environment. According to stakeholders theory, the stakeholders should be place and segregated into different groups depending upon the advocate and delight the exercise on the organization. This segregation is often called former grid. According to it, the stakeholders can be segregated into four different groups, these are High power-High interestThese stakeholders have active agent interest in the solar day to day functioning of the firm, so they should actively move into in managing the organization.Interest coupled with power gives them the authority to take conclusion and deal policies. utilisation The management High interest-Low power These stakeholders are interested in participating in the activities related to the organization but due to lack of power they cannot actively participate in the decision devising process. The organization should keep them informed regarding the decision taken. Example The employees High power-Low interestThe stakeholders who receive the power but are averse to participate in different organisational activities belong to this group.The management tries to appease this member of the stakeholders as far as possible. Example Investors Lower interest-Low powerThis set of stakeholder uncomplete have the power to participate in the decision making activities nor do they have the interest to participate in any kind of activity related to the organization. Therefore, the organization should not pay much management to them but their activities should be monitored on clock time to time basis. Example Government, social interest groups, suppliers, etc. Figure 1 mightiness Grid (Source Davies, 2007, p. 36)