Assignment 2: Internal and External Stakeholders (Emergency Management)

INTERNAL AND EXTERNAL STAKEHOLDERS IN EMERGENCY MANAGEMENT
By:
Institutional Affiliation:
Internal and External Stakeholders in Emergency Management
Internal and External Stakeholders:
The internal and external stakeholders are in this case considered as individuals, groups, or parties that take the sole responsibility for their participation in the management of an organization. The stakeholders therefore have a direct influence on the running and performance of an organization, thus denoting that they have the capacity to lead to the success or failure of an organization (Isopeskul et al, 2016). The stakeholders therefore include the owners of the organization, employees, managers, the board of directors, and the investors of an organization. These parties therefore have valid information on the company as compared to the external stakeholders.
Besides this, the external stakeholders include the groups that are primarily interested in the operations and affairs of an organization. In this case, external stakeholders have indirect influences on an organizations decisions and affairs including the policies that are adopted within an organization. They are additionally reffered to as secondary stakeholders (Isopeskul et al, 2016). The external stakeholders in this case include the creditors, suppliers, customers, trade unions, competitors, the society and the government. However, in reference to the nature of an organization, external stakeholders tend to vary. An instance of this is evident in a lobby groups and the manner in which they may show their interests on the affairs of an organization in relation to matters environmental pollution.
Internal and External Stakeholders and their Influence of the Situation
It is vital to determine that interested parties within an organization have different conflicting interests on the results of the operations of an organization. In this regard, these conflicting interests would result in the making of different decisions, thus resulting in either negative of positive outcomes to a firm.
Internal Stakeholders:
The management system of an organization remains entitled to the management of the company and in the formulation of organizations decisions that favor its business functions. The managers therefore achieve their objectives through the initiation of a corporate culture within the organization that propels the company to success. These strategies therefore ensure that the visions and missions of the organization are established in order to provide direction to the entity. The management therefore has the capacity to implement its strategies and develop its business operations around these established pillars. However, according to Isopeskul et al, (2016), the commitment of stakeholders in the implementation of an organizations objectives and plans may result in sustainable development.
Moreover, the management of an organization may also present different conflicts of interests as established by Isopeskul et al (2016) who perceive this as a set of conditions that emerge in the event that professional judgment on a primary interest is significantly influenced by external forces. This occurs particularly when the management of organizations desires conflict ...