Meeting stakeholders needs Assignment Example | Topics and Well Written Essays - 2000 words

Meeting stakeholders necessarily - Assignment ExampleStakeholders can be further subdivided into two mathematical groups Internal stakeholders people or group belonging within a business owners, employees. External stakeholders people or group belonging outback(a) the business debt holders, creditors, government, customers, community (BBC, 2013). 1. b. Diagram depicting the stakeholders in an organization (Source BBC, 2013) 1. c i) Employees ( internal stakeholders) in my organization atomic number 18 provided with bonus at the time of their monthly salary. They are also given performance based incentives/appraisals. In my field of work, where there is extensive map of chemicals, workers are given proper training as to how to use them safely and high quality equipments are provided to them in order to build a safe working(a) environment. Customers (external stakeholders) are provided with good quality products and services, ensuring a seasonably and safe delivery of products . Customer feedbacks are everlastingly monitored. These are the tasks and responsibilities assigned to us, as engineers, sales and shop floor operators of the organization. ii) Ensuring an effective communication between the internal stakeholders and the management is an important framework by means of which the former can convey their expectations and needs to the last mentioned and through this the management extracts necessary detail to know the needs of the stakeholders in terms of quality, quantity, timeliness and court. As far as the external stakeholders are concerned, keeping track of their feedbacks, as well as conducting timely surveys is one way of knowing their needs in terms of quality, quantity, timeliness and cost. 1. d A exploit involves set of steps and activities designed to perform a certain task in order to put on a specified objective. In other words it can also be described as the way in which the abstract goal of putting customers first gets turned on its practical consequences (Seethamraju, 2012, p. 537). 1. e. The engagement between the cost of manufacturing a product and the amount received when that product is sold is termed as the abide by added to that product (Business Dictionary, 2013b). 1. f. In my field of work, re works/repairs, defects, chemical waste, delays, poor sensible allocation, unnecessary material handling is considered as non value adding activities (Alwi, Hampson, and Mohamed, 2002). 1. g. i) I work for an organization which specializes in photo engraving. It is a fulfill which produces complex metal parts with precise detail by adopting a tightly controlled corrosion mechanism (Precision micro, 2013). ii) Photosensitive polymers, metal sheets, stencils, chemicals, UV ray source are key inputs to a photo etching process (Leeweston1980, 2010). iii) The products derived from photo etching process are electronics packaging components, frets & harnesses, medical devices & implants etc. iv) Materials used as inputs (as mentioned above) are changed or used up by the process whereas the workforce abstruse/the activity involved in the process remains unchanged. v) The amount generated after the output product is sold less the cost involved in the production is the value added to the product. TASK 2 2.a.i. The different stakeholders involved in this accident can be classified into two divisions namely Internal Stakeholders The employees working for Swinton. External Stakeholders The customer and the render insurance company. 2.a.ii. As