What are Stakeholders?
That is a question that we here at FCCL Have been asking for sometime!
We would like to know how
WEST YORKSHIRE FIRE AND RESCUE SERVICE Determine who are their
STAKEHOLDERS!
We have already mentioned that in last years "Cuts" Proposals, They consulted with 80 Stakeholders regionally.
So we at FFCL Thought we would try to find out what is meant by the term
Stakeholder
Accounting - Introduction to Stakeholders
Author: Jim Riley Last updated: Wednesday 24 October, 2012
Introduction to stakeholders
Let’s start with a definition of stakeholders, which are:
Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business
Most businesses have a variety of stakeholder groups which can be broadly categorised as follows:
Stakeholder groups vary both in terms of their interest in the business activities and also their power to influence business decisions. Here is a useful summary:
| Stakeholder | Main Interests | Power and influence |
| Shareholders | Profit growth, Share price growth, dividends | Election of directors |
| Banks & other Lenders | Interest and principal to be repaid, maintain credit rating | Can enforce loan covenants Can withdraw banking facilities |
| Directors and managers | Salary ,share options, job satisfaction, status | Make decisions, have detailed information |
| Employees | Salaries & wages, job security, job satisfaction & motivation | Staff turnover, industrial action, service quality |
| Suppliers | Long term contracts, prompt payment, growth of purchasing | Pricing, quality, product availability |
| Customers | Reliable quality, value for money, product availability, customer service | Revenue / repeat business Word of mouth recommendation |
| Community | Environment, local jobs, local impact | Indirect via local planning and opinion leaders |
| Government | Operate legally, tax receipts, jobs | Regulation, subsidies, taxation, planning |
View the full page here
The BBC GCSE Bitesize Website for School Children gives this example
This Link can be found here!
Businesses have different types of internal and external stakeholders, with different interests and priorities. Sometimes these interests can conflict.
What are stakeholders?
A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. They include:
Owners who are interested in how much profit the business makes.Workers who want to earn high wages and keep their jobs.
Suppliers who want the business to continue to buy their products.
Lenders who want to be repaid on time and in full.
Internal stakeholders are groups within a business - eg owners and workers.External stakeholders are groups outside a business - eg the community.
PLEASE REMEMBER TUESDAY 13th November is consultation time in Marsden near Huddersfield
for further details click HERE
8 comments:
Re suppliers. I think sadly this may also included companies who supply WYFRS with goods and services and also the possibility of PRIVATISATION. This has already raised its ugly head in Haworth where the parish council instead of saying No Cuts is looking at plans to take over the provision of the service.
But we know WYFRS try not to consult and we know councillors are complicit in this. Just look at Clr Sharon Hamilton a Unison activist in the NHS but said Nothing last year about reducing cover and has done nothing about the proposed closure this year. Perhaps the `They Slash,You Burn' should have her picture on instead of Cameron & Osborne!
Idle Cat
Sorry idle cat would like to point out that she thinks the councillor are so in awe of Pilling and Co they are caught in the glare of his shiny buttons on his uniform. The man is on an ego trip and needs stopping. You fire cuts are the people to do it. I wish you all the best and if its true about what we are hearing out him as the liar he is. Good luck.
Sadly Idle cat we are hearing that you are right. and if it is true what we are hearing then yes resignations are on the agenda. We have decided to pass the matter to somebody we trust. Lets see what happens.
With regard to Sharon report her to her branch committee
WYRFA don't even need to make a profit is that way they don't bother?
Four prisons are to be taken over by the private sector, the Ministry of Justice has announced, in a controversial move minsters claim will save millions of pounds.
Northumberland prison, together with South Yorkshire's Moorland, Hatfield and Lindholme prisons, are to be run by private security firms, with the winning bidders yet to be decided.
But Francis Cook, chief executive of the Howard League for Penal Reform, says the coalition has not learned the lessons of the summer's G4S fiasco.
"The government will seek to deflect criticism of its prison privatisation programme by excluding G4S from the next stage of the bidding process, but the principle of awarding lucrative contracts to private companies running prisons on the cheap remains unchallenged," she said.
"This is still a mistake of Olympic proportions."
Other prisons were considered but the Ministry of Justice said that the bids received to run them were not up to standard.
Wolds prison will be returning to public management in July 2013 when the contract with its current management contract expires.
Read the rest of this story on Politics.co.uk
THIS IS WHAT WILL COME NEXT
The Fire Service has been broken up in to what are now essentially regional Fire Services.
Then strip them back to the bare bones, regardless of public safety.
Then allow the greedy to cherry pick the ones that look like they will make a healthy profit.
WAKE UP and resist this nonsense, tell everyone you know what is happening to their public services.
Despite Wolds Prison being returned to the Public Sector, this Tory led Government presses ahead with it's privatisation agenda.
I don't want private Prisons and i certainly don't want to see private Fire Services
ASK YOURSELF; WAS I CONSULTED ON THE PRIVATISATION OF PRISONS?
The answer is a resounding NO
And you are not being consulted on Fire Cuts, they are being IMPOSED on us all.
Well said. And our so called labour fire authority will if the community doesn't stop them bang all of these proposals through.
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