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Essay / Tata Steel - 991
Tata SteelEvery organization has key stakeholders. These are those who are affected by its products, services and activities or those whose concerns can change the situation. The company's vision for Tata Steel: "Seize tomorrow's opportunities and create a future that will make it a positive EVA Company and continue to improve the quality of life of its employees and the communities it serves." »This statement makes it clear that Tata Steel will continue to develop excellence in its employees and the communities it serves. The Purpose Group also highlights Tata’s values on nation building. The company believes in giving back to the society it has earned by developing trust among shareholders, employees, consumers and communities. Tata Steel has identified the balance between stakeholder needs and considers this a key strategic issue. The identification of stakeholders is done based on the company's vision, which sets the strategic directions and strategic objectives. Thus, the entire company's stakeholders include shareholders, the financial community, customers, media, community, employees, regulators, suppliers and partners. The company treats stakeholders as one of the key business processes. Stakeholder analysis and positioning A) Shareholders, financial community B) Regulators, C) Customers, suppliers, employees, media D) Community The company's approach to stakeholder consultation and communication 1. Shareholders and financial communityShareholders and the financial community such as banks, financial institutes, etc. are considered the important stakeholders of the company. The company meets investors around the world and organizes its annual general meeting. The company sends them quarterly and semi-annual reports and updates them on the various policies the company plans to implement. The company also organizes shareholder relations meetings and customer forums. The CEO also calls a conference with the customer groups. The meeting with shareholders takes place every year according to plan. The company must do this because it must inform the shareholders of how the company is doing and it must build trust between the shareholders and the financial institutions, because they are the ones who have invested in the company and the The company must take the necessary precautions. of them with regard to the development of company policy. Stakeholders and financial communities have great power and interest in company operations. They are therefore considered key players in stakeholder analysis.