Tri state telelephone
Tri-State Telephone is a telecommunications company that provided the telecommunications of the residents of three US States.
Currently customers of Tri-State Company pay a monthly flat rate for the service they used. Now the management of Tri-State wants to change the pricing system from monthly flat rate to a new pricing system.
However, the customers are not in a position to accept the new pricing system.Hence, they do not allow the company to launch the new pricing system. In this case, they begin to march in to protest against Tri-State Company with the help of consumer federation of America and congress of consumer organization.
Stakeholders of Tri-State Telephone Company
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Stakeholder means a party that has an interest towards the organization. There are mainly two types of stakeholder.
* Internal stakeholders
* External stakeholders
Internal stakeholders are those individuals who exist in inside the company as board members, executives, managers, employees, and trade unions and who benefit directly from their contributions to the development of the company.
External stakeholders are those individuals or groups outside a business, that are affected by the financial security of a company, External stakeholders of a business may include shareholders, customers, suppliers, regulators, and other businesses in the same or similar industries.
The stakeholders in Tri-State telephone are prepared up of a number of diverse groups of people.
Internal stakeholders of the Tri-State
• The employees of the company employees of the company allow the business to trade, as they are the ones who put the work in to promote and sell new products. They also manufacture and distribute the products that the company sells.
* Managers
Mangers are shape and lead their organization’s policy towards stakeholders and they engage regularly with stakeholders. And they are more effectively recognize and analysing what
References: http://www.citeman.com/5324-tristate-telephone-a-case.html http://www.tristatetel.org/ https://www.globalreporting.org/network/organizational-stakeholders/Pages/default.aspx https://www.google.lk/search?q=stakeholders