Stakeholders include all people of various disciplines, professions, religions, race, interest, opinions, concerns, and economic status. Both for-profits and not-for-profits organizations values dominated by inclusive stakeholders’ views of the organization. Each stakeholder views the organizational matters as inter-functional conflicts between each stakeholder groups, including investors, leaders or employees. Those assumptions are rest on an idealized corporate structure characterized by the division of ownership from management (Carney, Gedajlovic, & Sur, 2011). Stakeholders play huge roles in the operation of organizations and communities welfares that go far beyond national lines. In this paper, …show more content…
Stakeholders interests, opinions, and concerns are directed through collaborations in nonprofit organizations; they have an influence on the organization and people lives. For example, according to Leipnitz (2014), in managing nonprofits, stakeholders should combine strategic approaches that improve both volunteers’ satisfaction and organizational identification to increase donor loyalty. These successful applications of the donor satisfaction barometer also suggest its value for other nonprofit industries and offers valuable insights for managers. The primary aim of nonprofits is the willingness to serve, but, this desire can be influenced if the conflict is not handled properly. When opinions and concerns arise, members’ issues need to be addressed with humility and care. Here’s why? Implementing and compromising strategies may allow organizations to attend to stakeholders’ conflicting demands, thus avoiding the risk of losing the endorsement of stakeholders whose prescription would be otherwise ignored (Pache, & Santos, 2013). Researchers state that interested parties’ opinions promote success or failure of the nonprofits organization project more than any other influences in society (ORG-807 Lecture Notes 7, 2016). Studies have shown us that when conflict is not addressed ethically, it drives …show more content…
Researchers argue that stakeholders’ interests, opinions, and concerns in for-profits organizations are managed efficiently through collaborating effort. Stakeholders have an influence on the group performance and its people. Stakeholders control groups daily operation through active listening to diverse opinions, and attentively addressing those ideas. Bâlc, Petric, and Estefan (2015) stated that for-profit organization stakeholders encourage companies to point out the responsibilities of the company towards the most significant interested parties (shareholders/stakeholders), as well as non-stakeholders. In the past three decades, organizations expanded their interest in identifying companies’ stakeholders as having a high influence over corporate activity or reputations. Those stakeholders influence the events in for-profit groups that are engaged in the economic