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Stakeholder Analysis

Essay by   •  January 17, 2012  •  Case Study  •  667 Words (3 Pages)  •  1,706 Views

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1. Stakeholder analysis of The Last Resort Ltd and its three major stakeholders.

The organization that we have selected is Last Resort Ltd. an adventure service provider of Nepal.

Introduction

The Last Resort in Nepal was founded in 1999, after scouting the Nepal- Tibet border area intensively for the perfect place to build an adventure resort. The present location, on top of the steep Bhote Koshi River gorge, was finally chosen because of the almost unlimited possibilities for the many kinds of adventure sports and its tremendous natural beauty.

A model of Stakeholders Relationships:

All the possible stakeholders of The Last Resort Ltd have been shown with the help of given diagram.

The three most important stakeholders are as follows:

1. Clients:

Almost in any business venture customers/clients are given the utmost priority. Clients are the one who receives output or services from the company. The Last Resort Ltd. is a service organization providing adventure services to the clients. The organization's overall objectives are focused towards our customers to be a no 1 adventure service provider in Nepal. The overall business depends upon the different adventure needs and wants of the prospective clients. The overall packages needs to be build considering their needs. Clients are the only source of revenue and growth of our overall business, so one of the most important stakeholders of Last Resort Ltd. is clients. An organization must have satisfied customers to meet the overall objectives.

2. Employees/Staffs:

Employees are the major resource of any organization to run the organization effectively. They are considered to be the assets of any organization. Being a service industry it is the efficient and skilled employees providing the services to our clients directly thus they are one of the major stakeholders of Last Resort. The employees produce and sell the services to the external customers. Essentially, employees are selling a big part of their lives and must receive equitable pay. Their overall motivations toward achievement of organizational goals, loyalty have a vital impact upon the overall organizational performance. Thus, employees are the important stakeholders of Last Resort Ltd.

3. Community:

All businesses must appreciate the role of the local community as a stakeholder. In order to operate effectively and be well accepted in the area, the organization should be valued by the local community and help local people to understand why the company is beneficial to them. An organization needs the

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