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Key Questions for Managing Stakeholder Relationshi

Stakeholder analysis of Apple Inc. using 5 key questions. Examines internal and external stakeholders, their interests, and how Apple manages these relationships in a competitive tech market.

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    MBA 5030 Week? This week we discussed 5 key questions to ask to help manage stakeholder relationships. Choose a company with which you are familiar. This can either be a place in which you have worked or have access to information via the internet Answer the 5 key questions of stakeholder analysis from the perspective of the company. In some cases there can be hundreds of stakeholders so for the sake of brevity, limit your analj'sis co only major stakeholders. Recommended length: 400 words I chose to answer the 5 key questions of stakeholder analysis from the perspective of Apple Inc, a global technology company based in the United States chat focuses on consumer devices, software, and digital services. 1) Who are Apple Inc. s stakeholders. Apple's internal stakeholders are employees, executives, shareholders and the board of directors. Whereas its external stakeholders consist of customers, competitors, suppliers, local communities, and governments. 2) What is at stake for Apple Inc.'s stakeholders? In terms of Apple's internal stakeholders, they want to keep the company’s reputation and credibility intact by making sure to stay profitable. Considering it's a source of personal income for them, it's in their interest to keep the company running effectively and profitably Customers' primary concern is having effective and efficient items that are fairly priced however, Apple's products tend to be more expensive. The premium price structure, on the o±er hand, is appropriate since it corresponds to Apple’s outstanding quality and appearance of its products. Apple is up against a number of huge worldwide companies in different markets such as Samsung and Huawei for smartphones and Lenovo, HP and Dell for laptops and computers. Competitors are interested in attracting consumers by implementing innovative features in their products since Apple hasn't brought anything new in a rapidly changing market. Apple collaborates with hundreds of suppliers around the world, including the United States, China, Taiwan, Japan, and South Korea. These suppliers are key players as they are critical to the company's product manufacturing and distribution. They have high interest along with high power considering they could switch from Apple Inc. to other customers offering a better deal.

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