Typical Stakeholders' Contributions and Rewards

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Typical Stakeholders' Contributions and Rewards

Various stakeholders make different contributions to companies (organizations). And, in return they receive different rewards. Here is an overview of typical stakeholders, the main contributions they can make and typical rewards they hope to receive:

Stakeholders	Contributions to organization	Rewards for stakeholder
Owners, capital providers	Finances, funds	Ownership, control, interest, dividend
Managers	POSDCORB (planning, organizing, staffing, directing, coordinating, reporting, budgeting), team building, spirit, innovation, change, labor, knowledge and skills	Employment, salary, wages, status, prestige, social contacts, self-realization
Employees	Labor, knowledge and skills	Employment, salary, wages, status, prestige, social contacts, self-realization
Buyers, customers	Market prices, clientele	Products, services
Suppliers	Raw materials, semi-finished products, services, energy, information, means of production	Market prices, clientele, goodwill
Employers' organizations	Lobbying, mouthpiece on behalf of the employers	A stable, favorable business climate
Unions	Work climate, working conditions	Employment, employee participation
Governments	Social-economic legislative framework, Infrastructure	Taxes, levies, fees
Miscellaneous stakeholders	Criticism, wishes, demands	Adjustment of the organization

Any organization has to balance these kind of stakeholder contributions and rewards in the way it chooses to do. If it succeeds in doing that, this is called: a state of "organizational equilibrium".

Is this list of stakeholder contributions and rewards correct and complete? Please share your ideas and tips. Thanks!

		Comments by date▼ Comments by rating Rating
		5 Paramathmuni srinivas Kumar India
	Some Ideas and Tips for Stakeholder Contributions and Rewards Following are some further ideas for the list of stakeholder contributions and rewards: 1. EMPLOYEES: Are also contributing to establishing the values, spirit behind the values and belief system. Reward is the culture of the organisation. With spirit I mean making progress in delivering the desired values, despite the existence of opposing values in the field of practice. 2. MANAGEMENT: Contribute to the development of systemic procedures, policies, and working methods of individual entities and their relationship as a working whole. Reward is the working system. 3. MANAGEMENT AND EMPLOYEES: Contribute to leadership initiatives, innovation, change management. Reward is addition to the knowledge bodies, sustainability of services and products, quality level of experience of the people involved in the delivery mechanism. 4. MANAGEMENT AND EMPLOYEES: Contribute to social corporate responsibility. Reward is goodwill, and having been helpful to the mankind in general. 5. MANAGEMENT: Contribute to the employee welfare, trainings. Reward is righteousness. 6. MANAGEMENT: Contribute towards the establishment of internal and external communication systems. Reward is smooth and harmonious functioning of the organisation. 7. QUALITY MANAGEMENT TEAM. Contribute towards towards continual quality improvement by creating and improving a system entity which validates the truth through audits, testing etc. Reward is continuous improvement. 8. MANAGEMENT AND EMPLOYEES: Contribute towards the organizational learning with respect to the past, current and future state of the organisation. Reward is lessons learned, organizational improvement.

		3 Melvyn McIntyre Consultant, Venezuela
	The Collective Reward of all Stakeholders All stakeholders together, unified as an equilibrated cluster, each one giving its best contribution, generate the shared reward for everyone, being the existence of a sustainable and successful business throughout times. My experience of working for 21 years in a company that after 60 years of successful existence was intervened by creditors and sold in pieces was very sad for everyone that worked in it.

		3 Iraklis Goniadis Business Consultant, Greece
	More Stakeholders and their Contributions ENTREPRENEURS: Bees making money (honey) and wealth for the community. MANAGERS: Trust, team building & spirit, transform individual intelligence into a collective one, skills elevator and leadership. BUYERS, CUSTOMERS: Innovation sources, marketing apostles. SUPPLIERS: Financers, supporters, market radars. EMPLOYERS' ORGANIZATIONS: Policy makers. UNIONS: Balancers, income distribution agents. MISCELLANEOUS: Change agents, innovation sources. GOVERNMENTS: Entrepreneurship's brake, cost centers.

		2 Maurice Hogarth Consultant, United Kingdom
	Stakeholder Rewards “Miscellaneous stakeholders”? All stakeholders can contribute criticism, wishes and demands. Businesses want repeat buyers/customer loyalty; so, must deliver a product-service mix of the right qualit...

		2 Justus Nyangau Business Consultant, Kenya
	Stakeholders Contributions and Their Rewards Most of the important things have been discussed above but I will like to add a small contribution. Competitors are also important stakeholders. Competitors contribute a lot in quality improvement fo...

		1 Ahmad Sultan Abdulla Consultant, Malaysia
	Stakeholder Contributions and Rewards For me, we should add the community we operate in. You might cluster it under "miscellaneous stakeholders", but is a very important one. The value and culture of the community will also shape the pro...

		0 Dr. A. Kent Van Cleave, Jr. Professor, United States
	Stakeholder versus Shareholder Governance Over the last 40 years, corporate governance has shifted from a stakeholder model to a shareholder model. Under stakeholder governance, optimization is sought for all the stakeholders. But under the ...

		3 Jaap de Jonge Editor, Netherlands
	Stakeholder Contributions Matter in Any Governance System @Dr. A. Kent Van Cleave, Jr.: I agree the choice of governance system is relevant for HOW the contributions and rewards of stakeholders are viewed in a strategic sense. On the other hand, even in a s...

		3 Maurice Hogarth Consultant, United Kingdom
	The Reaping & Sowing of Shareholder Focus @Dr. A. Kent Van Cleave, Jr.: A “shareholder” attitude, as described, seems to be symptomatic of short-term, asset-stripping, greed as advocated by the ‘go forth and exploit the world in which you liv...