PESTLE and life Cycle analysis Essay Example | Topics and Well Written Essays - 2000 words

PESTLE and life Cycle analysis - Essay ExampleAccording to this manner any item-by-item stakeholder or any stakeholder groups power can be ascertained and managed. Many books define stakeholders to be individuals or groups that deal an interest in an organization then it may not be necessary for any individual or group to have an interest in any particular organization because interest is not the only ingredient to constitute regard someone as a stakeholder. This can be hike explained by giving the example of the society at large which is a major stakeholder to the all factories which are emitting a large quantity of carbon dioxide, hence they only have an interest to the extent of the carbon dioxide emission and they might not have enough power to stop the factories from doing such an act (ACCA, 2007). The pentad groups of stakeholders that any business organization needs to consider for its growth perspective would be Shareholders/Owners Employees Customers Government Society at large Majority of banks consider the employees to be the most alpha stakeholder within the banking organization. Banks consider their employees to be their vital stakeholder because of their decision making ability. The employees have the ability to take up decisions on any precondition matter hence these employees have the ability to drive the bank into a profitable or a loss making venture. This decision is rattling grave for the survival and the long-term growth of the banks and hence it is because of this only reason that the employees have such a powerful decision in their hand, banks considers them to be the most important stakeholder (ACCA, 2007). Systems thinking is a process which tells that different things and activities within nature/organization are totally linked with each other. This theory defines that the activity of one individual or a group would affect the life or decision of other individuals or groups. Systems within an organization include the employee s, the processes and the structure of that organization and it is because of these people, processes and structures that the organizations compass affected either in a positive or a negative manner. The banks use the closed systems thinking approach in the entire movie. The best(p) exception would have been to follow the devote systems thinking approach where the banks would have been involved in focusing on external issues and threats as well, this way open systems thinking system would help the banks to survive for a long period of time by focusing on the external environment along with the sexual one (Gharajedaghi, 1999). The governments should play an important part in stabilizing banks as these banks are the main institutions in any economy. These banks are heavily involved in stimulating an economy and hence they should always be helped in situations when these banks are falling apart. Government interference in managing the general environment would be really important an d these banks can be funded by the governments to make them survive during difficult time periods. The film tells us the Government and the Law Enforcing authorities were really woebegone in putting up any system that would have led the bank to survive during such difficult times. The banks collapsed leading to further