Tuesday, September 24, 2019

Stakeholders Assignment Example | Topics and Well Written Essays - 500 words - 1

Stakeholders - Assignment Example The success of the company has been made possible through the active participation of the stakeholders. The academic paper analyzes ten significant stakeholders of the company. The significance of the stakeholders is as explained below. 2. The guests are the main business stakeholders. The company invests a lot of resources for product marketing, so as to attract the attention of the global customer base. High customer numbers translates to high sales revenue. 3. The owner is another significant stakeholder. The owner is the chairman of the board of directors. He provides overall direction to the company, and formulates strategies that will ensure achievement of mission and vision. 6. The resort adheres to conditions set by the regulating officials. The federal and state agencies in the hotel and tourism sector are responsible for setting regulations, which all industry players must adhere to. 7. The hotel industry trade unions are stakeholder. All employees have the rights of joining a trade union of their choice. The trade unions enhance their welfare by jointly improving working conditions with the management. 8. The state department is responsible for providing the infrastructure and regulation necessary for the hotel, tourism and hospitality industry. Security infrastructure is provided by the department, in addition to transport and communication infrastructure. The stakeholder analysis illustrates that the employees are the most important stakeholders for the business. This is illustrated through the relatively high rating of 17%. The employees are significant because they are responsible for providing services to the customers effectively and efficiently. The employees are also responsible for customer retention, through providing services that meets and exceeds the expectations of the customers. Other important stakeholders at 17% are guests and the owner. The casino and the

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