In: Operations Management
The text defines stakeholders as: “Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does.” Every organization has stakeholders. Identify the possible stakeholders for one of the following firms and discuss their interest: A water utility company A multinational food company A local airport
Let me take local airport as the firm.
Stakeholders in a Local Airport:
Various stakeholders in a local airport are as follows –
(1) Passengers:
Passengers may be business travelers, leisure travelers or personal travelers. They use the airport as an arrival /departure point to meet their objectives.
(2) Air Carriers:
They transfer passengers or cargo from the airport to a particular destination.
(3) General Aviation Users:
They include air taxi operators, corporate-executive transporters, flight instructors, aircraft rental agencies, aerial observers and others.
(4) Investors:
They are persons who have made major investments in the airport and have a controlling stake.
(5) Concessionaires:
They provide different services to the passengers such as food and beverage services, accommodation services, retail services and others at affordable prices.
(6) Employees:
They comprise employees of the airport organization and employees of various companies functioning within the airport. Their interest is to earn a living in return for their services.
(7) Federal Government:
The federal government plays the roles of a regulator, a payer of bills and an operator.
(8) Local Government:
Many of the US airports are government operated. So local government officials are often members of the airport board and are responsible for taking important strategic decisions.
(9) Local Community:
It often includes people residing in the vicinity of the airport who may get affected by noise, poor air quality, hazardous waste emissions and others.
(10) Airport Suppliers:
They consist of equipment suppliers, contractors and consulting companies.