Objectives To explore the different stakeholders and their level of importance to an organization. Introduction The overall

Question: Objectives To explore the different stakeholders and their level of importance to an organization. Introduction The overall
Objectives
To explore the different stakeholders and their level of importance to an organization.
Introduction
The overall purpose of this exercise is to enhance your understanding about the different types of stake holders an organization has and the level of importance of each.
Instructions
Thinking about State University as an organization and based on your reading from Chapter 3, identify the different types of stake holders for Wichita State as outlined in Figure 3.1 (attached)
Discuss the Following Questions
Give examples (1-3) of stakeholders in each of the Task Environment categories. For example, who are State universities’s suppliers? Customers? Lenders? Etc.
Identify the elements of the task environment that are most likely to impact State University over the next 5 to 10 years. How could State University best deal with the challenges you listed?
Give an example of how each of the forces in the general environment might affect Wichita State over the next 5 to 10 years. For instance, give an example and explain how international (or economic, technological, etc.) forces would impact State University.
Show transcribed image textANSWER-1 Suppliers: The institution involves various vendors for different things, including Apple for PCs, JA Marshall for furniture, and Medline for clinical supplies. Consumers: Students seeking education in different disciplines are the customers…View the full answerTranscribed image text: International forces Media Interest groups Governments Lenders The General Environment Economic forces The Task Environment Customers INTERNAL STAKEHOLDERS Employees Owners Board of directors Unions Demographic forces Political legal forces FIGURE 3.1 The organization’s environment Competitors Suppliers Distributors Allies EXTERNAL STAKEHOLDERS Technological forces Sociocultural forces