“Satisfying All Stakeholders Is Difficult When the Business Is Competing in...

Satisfying either stakeholders is difficult when the business is competing in get on with crossing commercializes. Discuss A stakeholder is defined as an independent ships company with an interest or concern in something. Stakeholder groups are non all alike and thitherfore volition take antithetical things from a business. As each stakeholder deals with the business in diverse ways these inevitably are likely to conflict. With all of these differing needs it will be difficult for the business to satisfy all stakeholders at the same time as it is likely that acting to satisfy one stakeholders needs will end up conflicting with anothers meaning that the second stakeholder will not be satisfied. Examples of stakeholders include the shareholders, employees, suppliers and customers of a business. The Product Life rhythm is a theory used by management to learn where one of its harvest-homes is in terms of its eventual life expectancy. It involves identifying if the growth is in one of four phases: the introduction, growth, mature or origin compass point. By identifying which stage of the cycle a product is in management can change its strategies to realise the potential achievement of a product.

It is however, often difficult for management to see where the product is in the cycle as a rise or fall in sales most of the time will not necessarily mean that a product is suppuration or beginning to decline. It is also rattling hard, if not impossible, to accurately predict when the product will go into the next situation of its life cycle. A business will find it very hard to tell when a market will get across saturation and will only know it while it is mishap or in, some cases, after it has happened. While using the product life cycle model it is assumed that all products micturate a limit to how long they will be used, in practise this may not be the case. The mature stage of the product life cycle is when a product market has finished growing, sales start to slow down and there is no more significant growth. At some point... If you want to get a full essay, order it on our website: Orderessay

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