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d1 evaluate the influence of one stakeholder in your chosen organisation

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d1 evaluate the influence of one stakeholder in your chosen organisation
GE Stakeholders –Distinction Criteria

*D1 – Evaluate the influence the different stakeholders can exert in one organisation*

General Electric (GE):

• The CEO – Jeffery Immelt:

The extent of the influence:
The CEO (Jeffery Immelt) of General Electric has a huge influence on the company, as he is the leader and the most important person in the company. You would say that he has the biggest influence because what he says and what he thinks should be done within the company will happen whether this would have a good/successful impact or a bad/non-successful impact. Through all of this it will keep up the ‘imagination at work’. This is the company’s slogan that is tried to be used throughout all of the work that is done throughout each different sector of GE.

However, as a Public Limited Company it could be argued that he doesn’t actually have such a big influence that you would think that he is. This is because the business is owned by shareholders and so because he doesn’t have the majority of 51% he doesn’t completely own the company.
He doesn’t have the 51% majority because the main reason for being a Public Limited Company is to raise money through selling a large amount of shares. The amount that they have to sell to become a Public Limited Company is £50,000. Also, he cannot afford to pay for all of this because it would be millions and he doesn’t have the capital to pay for this and they have been selling shares for a long period of time and he hasn’t been the CEO ever since they became a Public Limited Company and so it would be very expensive to pay for all of the shares and so this is why he doesn’t own the company.

Although, the shareholders own the company they still have to bring their ideas and decisions to the CEO because he is the main person making the decisions in the company and so because the shareholders own the company he doesn’t have such a big influence being a CEO as you may think. This influence depends on the opinions

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