Verizon Stakeholders

Stakeholders Stakeholders be the ones who be in possession of a stake in the judicature and thus in some way or the other ar related to the memorial tablet. This broad definition of stakeholders often leads to confusion hence a more narrow definition was derived that explains group who are vital for the government or groups that help to define the organization, its mission, purpose and goals, and or are approximately affected by the activities of the organization (Lebeer, 2002, p. 181). Considering the above given definition, the stakeholders of Verizon can be segregated as internal as well as away stakeholders.Everybody who works for the organization can be considered as the internal stakeholder (Banhegyi, 2009, p. 395). The employees of Verizon are the internal stakeholders of the comp any however the families of these employees are also considered to be a part of internal shareholders. The external stakeholders are the ones who are not a part of the organization, but have interest in the company (McManus, 2005, p. 147). In Verizon, the customers are considered as one of the most important external stakeholders. aside from customers, the shareholders and the investors are also of great importance.Other external stakeholders are the government, the public, and the environment. correspond to stakeholders theory, the stakeholders should be identified and segregated into different groups depending upon the king and interest the deterrent example on the organization. This segregation is often called billet grid. According to it, the stakeholders can be segregated into four different groups, these are High power-High interestThese stakeholders have active interest in the day to day functioning of the firm, so they should actively participate in managing the organization.Interest coupled with power gives them the ascendence to take determination and set policies. lesson The management High interest-Low power These stakeholders are interested in partic ipating in the activities related to the organization but due to lack of power they cannot actively participate in the decision making process. The organization should keep them informed regarding the decision taken. manikin The employees High power-Low interestThe stakeholders who possess the power but are disinclined to participate in different organizational activities belong to this group.The management tries to patch up this section of the stakeholders as far as possible. Example Investors Lower interest-Low powerThis set of stakeholder neither 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 a good deal attention to them but their activities should be monitored on time to time basis. Example Government, social interest groups, suppliers, etc. Figure 1 Power grid (Source Davies, 2007, p. 36)