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POWER GENERATING COMPANY IN TEXAS Prepared by http://myhomeworkwriter.com/ http://myhomeworkwriter.com/
Introduction • The Power Generating Company (PGC) is the major provider of electric power in Texas. • Its mission is to offer low priced power to its customers. • Its vision is to be the leading electric power provider in the country. http://myhomeworkwriter.com/
Stakeholders • The company’s primary stakeholders include stockholders, employees, and customers. • The stockholders are company financiers, and their main role is to check the powers of the directors. • The government, the Standard bank, and Environmental Management Agency are the main secondary stakeholders http://myhomeworkwriter.com/
Ways Stakeholders can influence the destiny of a business • Involved in the mission and vision of a company. • Prevention of pollution and improvement on accountability. • Improvingpublic image. • Achieving employees’ satisfaction. http://myhomeworkwriter.com/
How to Encourage Stakeholders to form coalition. • Bringing few individuals, who are directly involved with the plan, together. • Categorize the potential coalition members for membership. • Recruitment of the targeted members into the coalition. • The membership should be inclusive. http://myhomeworkwriter.com/
Challenges of the formation of coalition • Domination by elites in the company’s decision-making body. • Bad history of the company. • Poor linkage to the surrounding community. http://myhomeworkwriter.com/
How to Overcome Challenges. • Look for common areas of interest. • Consider the strength of the overlap in the areas of interest. • Identify neutral areas, which will not be affected by any position taken by a coalition partner. http://myhomeworkwriter.com/
Conclusion • Managing stakeholders, together with their priorities, is crucial to the organization’s success. • A successful business is determined by the effectiveness of customer service. • Coalitions bring a variety of groups together to carry out a common purpose. http://myhomeworkwriter.com/
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