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Essay / Research Paper Abstract
This 7-page paper discusses the impact of external and informal stakeholders on a given business community. Bibliography lists 4 sources.
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7 pages (~225 words per page)
File: D0_MTextebusc.rtf
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position of CEO at General Motors. Also intriguing pundits is that the Obama administration is strongly encouraging Chrysler to merge with Fiat. The administration (through treasury secretary Timothy Geithner) is
also trying to gain the power to try to shift around executive staff at financial institutions. While these situations are extreme actions
taken to bolster up an extraordinarily shaken economy, they also provide good examples of how external stakeholders can have an impact on the business community. In the case of the
automobile industry (at least in the case of the U.S. Big Three), the government is changing the corporate structure. In most cases,
the influence of external stakeholders on a business community isnt quite so extreme - very rarely will FEMA, for example, ask for the resignation of the president of a local
bank. But the influence of these stakeholders is there nonetheless. Nor is it our intent to judge whether the Obama administration made the right (or wrong) decision in forcing Waggoners
ouster. Rather, its the intent to explain what, exactly, stakeholders are and their impact on business. The discussion will focus on external stakeholders as well as a discussion about both
formal and informal stakeholders. WHAT IS A STAKEHOLDER? Before discussing external stakeholder impact, it would first be helpful to define what, exactly,
a stakeholder is. Stakeholders are considered to have a share or particular interest in a business enterprise (Stakekholder, 2009). More specifically, stakeholders have an interest in the outcome of an
action of a company (or group of companies). Along these lines, stakeholders affiliated with companies could include (but arent limited to) employees, shareholders, management and directors (Stakekholder, 2009). Outside stakeholders
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