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Mng3701 Assignment 1 Semester 2 2023 distinction guaranteed
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Mng3701 Assignment 1 Semester 2 2023 distinction guaranteed
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MNG 3701ASSIGNMENT 1 SEMESTER 2 2023
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, Questions
1
There are several stakeholders who have an impact on Bell Equipment, a global
supplier of heavy equipment for the construction, mining, and agricultural industries.
These stakeholders include:
1. Customers: Customers expect high-quality, reliable, and durable equipment from
Bell Equipment. They also expect competitive pricing, efficient after-sales service,
and timely delivery. Customers may also have specific requirements or
customization needs that they expect the organization to fulfill.
2. Employees: Employees of Bell Equipment have expectations related to job
security, fair compensation, career growth opportunities, and a safe working
environment. They also expect effective communication channels with management
and a positive organizational culture that promotes teamwork and employee
engagement.
3. Shareholders: Shareholders invest in Bell Equipment with the expectation of
generating returns on their investment through dividends and capital appreciation.
They expect the organization to be profitable and increase shareholder value over
time. Shareholders may also desire transparency and accountability in the
company's financial reporting practices.
4. Suppliers: Suppliers provide raw materials, components, and services to Bell
Equipment. They expect prompt payment for their goods or services rendered and
fair treatment in business transactions. Suppliers may also seek long-term
partnerships with the organization that offer stability and mutual growth opportunities.
5. Government & Regulatory Authorities: Governments regulate various aspects of
Bell Equipment's operations such as environmental compliance, labor laws, safety
standards, taxation policies, etc. The organization is expected to adhere to these
regulations and work cooperatively with government authorities.
6. Local Communities: As Bell Equipment operates globally, it interacts with local
communities where its manufacturing facilities are located or projects are
undertaken. Communities may have expectations related to job creation for locals,
responsible environmental practices by the organization, community development
initiatives sponsored by the company, etc.
7. Financial Institutions: Banks or other financial institutions that provide loans or
credit facilities to Bell Equipment have expectations related to loan repayments
according to agreed-upon terms and conditions. They also expect regular financial
updates regarding the organization's performance to assess creditworthiness and
make informed lending decisions.
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