Stakeholder Analysis
Stakeholder Analysis
Stakeholder Analysis
Introduction
Walmart, Canada, is one of the largest employers and leading companies of superstores in
Canada. It aims to help customers save money by offering lower prices for every selling item;
they work with more than 2,100 Canadian suppliers, create job opportunities for people from
employees and shareholders, suppliers, and communities are all the key stakeholders it must
serve, manage, and interact with them every day. It is necessary to prioritize the importance of
stakeholders to the organization when planning business strategies. Analyzing the level of
stakeholders' power or influence and their interests can help the organization position its priority.
Low
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Low High
Level of Interest
Customers are critical stakeholders in a company's success because they have the power
to influence the company's operations. Business strategies should be based on the customer’s
Shareholders have a high level of interest in the company, and thus they will be
concerned with the business operations, management and strategies leading to profits for the
Employees are the key stakeholders in the company. They give efforts and support to
help the company achieve its goals. As employees need compensation and job satisfaction in
Suppliers and business partners are the key stakeholders in the company. They have a
high level of power to influence the company’s operations and interests. Business partners
closely work with the company, e.g., in-house bakery; they share profits from selling products.
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Suppliers are the company's core resources; therefore, a good relationship with suppliers can
Community and government authorities are also stakeholders of the company. Although
their level of power and interest in the company is low, they can influence its operations
through laws and negative public sentiment. The company should undertake environmental
responsibilities to the community and society and maintain a positive image in front of the
public.
Conclusion
Stakeholders are people or groups with power and influence in the operations and an
understanding their needs are critical to the success and sustainability of companies.