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Stakeholder theory
Stakeholder analysis
External stakeholders and their influence and interest
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In this chapter, the current cargo acceptance process at the Amsterdam hub is comprehensively analyzed. First, in section 4.1 the stakeholders in the process are identified and their criticality is determined based on several criteria. The stakeholder analysis is followed by a process analysis in section 4.2, in which both the physical and document flow in the process are elucidated and analyzed. 4.1. Stakeholder analysis With this stakeholder analysis, the following research question will be answered: “Which stakeholders are involved in the process and which are the most critical?” According to Newcombe (2003), the stakeholder analysis has become a recognized technique for determining how stakeholders interact with organizations. A broad definition …show more content…
in the book ‘Policy Analysis of Multi-Actor Systems’. The complete stakeholder analysis can be found in Appendix A. In this analysis the internal stakeholders of Air France – KLM Cargo are identified firstly. After this, the external stakeholders are specified. Internal stakeholders are defined as persona located at the Amsterdam hub, part of Air France – KLM Cargo. External stakeholders are either Air France – KLM Cargo departments outside of the Amsterdam hub or other external parties. For each of the stakeholders the resource dependency and the replaceability of the stakeholders’ resources is mapped. The stakeholder analysis ends with an overview of the most critical stakeholders, based on the stakeholder …show more content…
Many of the customs authorities are having their own rules, regulations, and embargos. Air France – KLM Cargo has to deal with all of these differences in their acceptance processes. Without being compliant with the applicable rules, the cargo is not allowed to be transported or the airline may be fined. It is therefore the great urgency to be compliant with all the applicable rules, by providing the compliant cargo (security) information to the customs authorities. Only via this way Air France – KLM Cargo Amsterdam will gain custom clearance and be allowed to transport the
Typical users of airfreight were producers of time-sensitive, high priced, finished goods such as valuable architecture and confidential documents. But in 1976, a spring survey shows that only 24% customers used both Courier Pak and Priority One services while less than 1% of them used only Courier Pak. Moreover, the cap...
Stakeholder is anyone with an interest in a business; stakeholders are individual, groups or businesses. They are affected by the activity of the business. There are two types on stakeholders who are internal and external. Internal stakeholder involves employees, managers/directors and shareholders/owners. External stakeholder involves suppliers, customers, government, trade unions, pressure groups and local and national communities.
Shiller (2003) believes that stakeholder theory suggests that corporate stakeholders are divided into external stakeholders and internal stakeholders. External stakeholders include investors, creditors, customers and the government. Internal stakeholders include managers and employees and so on. Woolworths Company's stakeholders in the process of canned processed foods are as followed:
Stakeholder analysis is important for successful implementation of projects and/or strategic activities within any organisation. It is used to analyse the stakeholders in order to understand them and classify them according to their power, influence and interest. Stakeholders are people who have an interest in a commercial entity including those within the organisation and outside. These include the boss, senior executives, customers, suppliers, government, your co-workers, the team and others. All these people are important in the implementation and success of strategy.
Hence, the stakeholders which are described as those who are affected by the organisation performance ,actions and duties and those actions includes employees, clients, local community and investors as well. The theory of stakeholders also suggests that it is the responsibility of firm to make sure no rights of stakeholders are dishonoured and make decisions in the interest of stakeholders which is also the purpose of stakeholder theory to make more profit and balancing it while considering its stakeholders (Freeman 2008 pp. 162-165). In the other words organisation must also operates in a more socially accountable approach by carrying out corporate social responsibility as (CSR) activities.
Stakeholders are those groups or individual in society that have a direct interest in the performance and activities of business. The main stakeholders are employees, shareholders, customers, suppliers, financiers and the local community. Stakeholders may not hold any formal authority over the organization, but theorists such as Professor Charles Handy believe that a firm’s best long-term interests are served by paying close attention to the needs of each of these stakeholders. The modern view is that a firm has responsibilities to all its stakeholders i.e. everyone with a legitimate interest in the company. These include shareholders, competitors, government, employees, directors, distributors, customers, sub-contractors, pressure groups and local community. Although a company’s directors owes a legal duty to the shareholders, they also have moral responsibilities to other stakeholder group’s objectives in their entirely. As a firm can’t meet all stakeholders’ objectives in their entirety, they have to compromise. A company should try to serve the needs of these groups or individuals, but whilst some needs are common, other needs conflict. By the development of this second runway, the public and stakeholders are affected in one or other way and it can be positive and negative.
Regarding to organizational stakeholders, there are three main groups of stakeholders: customers, employees and investors. The company attempts to link stakeholders’ needs and expectations to the company’s goals. For customers, the company must treat them fairly and honestly. For employees, the company needs to treat them fairly, make them a part of the company and respect their needs. For investor, managers should comply with the accounting procedure, do not manip...
“The International Air Cargo Association (TIACA) is a global not-for-profit trade association representing all the major segments of the air cargo and air logistics industry – combination and all-cargo airlines, forwarders, airports, ground handlers, road carriers, customs brokers, logistics companies, shippers, IT companies, aircraft and equipment manufacturers, trade press, and educational institutions.” (www.tiaca.org/tiaca/default.asp)
The seaport of Rotterdam is the largest in the world, transhipping tens of millions of tonnes of goods per year. And Amsterdam Schiphol Airport is the fourth largest airport in Europe for both passenger and goods traffic. Dutch transport companies are clustered around the two main import and export centres: Amsterdam Schiphol Airport and the seaport of Rotterdam.
It is important to include and identify stakeholders in the policy development process. By doing so, the stakeholder ca...
Stakeholder can be defined as “any group or individual who can affect or is affected by the achievement of the organization’s objectives”. This theory focuses on wider aspect rather than only focusing on just the shareholder. Stakeholder theory is a fundamental theory about how business works at its best and how it could work. It is concerning on the value creation and trade on how to manage a business effectively.
Stakeholders’ analysis is the analysis which tells that how the company is dealing with the people which are directly or indirectly related with the company’s operations. These are called stakeholder and they include the employee, society, suppliers, buyers, shareholders, got and other tax related companies.
Stakeholders are individuals, groups, and organisations with the power to influence the delivery of an organisation’s strategy and thus the organisation’s performance and/or a significant interest in an organisation’s strategy and thus the organisation’s performance (Wisniewski, 2001; Ackermann & Eden, 2011). In the context of the draft BSC to be developed, however, the analysis shall focus on relatively aggregated stakeholder groups. Firstly, the aim of this stakeholder analysis is not to pinpoint individual persons as stakeholders who may then be managed more easily than large organisations, but to identify rather broad stakeholder groups interested in Zara’s performance. Secondly, addressing
As the largest exporter of goods moving on container services, Shanghai, China ranks as number one in the top fifty global container ports. Furthermore, Singapore still ranks as number two mainly because it is an important hub where containers from one-liner service are transferred to another liner service for on-carriage to their final destination. The top ports around the world ranking demonstrating the truly global nature of the liner shipping business and the importance of the networks of ports that facilitate timely and efficient ship and cargo movement.
In logistic industry, they have been through lots of challenge in worldwide market. As the containerization of the global economy scopes, a phase of development and explanation, ports find themselves inserted in ever changing commercial environment where logistics is the forefront. Thus, this industry reaches a phase of maturity and rationalization due to the process of logistic on land.