Internal and external stakeholders

Internal and external stakeholders
Internal Stakeholders are the individuals or group that participates in the firm’s management. The internal stakeholders can influence or be influenced by the failure or the success of the firm due to the vested interest that they have to the firm. The internal stakeholders are also known as the primary stakeholders. The entire internal stakeholders are dedicated to providing services to the firm. They are highly affected by the performance, decisions, profitability and all other activities of the firm. If the internal stakeholders are absent, the organization cannot run well and will not manage to survive in the long run. That’s the reason they have a greater impact on the firm (Drori et al, 2013). More to this, they are the ones who know all the internal matters about the entity. Internal auditors include the following;

Employees; these are the group of people who work for the firm to be remunerated. We also have the owners who include the individuals or groups of people who owns the organization. They can either be partners or shareholders. There is the board of directors who includes groups of individuals governing the incorporated entity. They are elected by the company’s members during an annual general meeting. There also the managers who manage the entire department and the investors who include the individual who has invested their money in the organization.
External stakeholders
External stakeholders are the parties who are interested in the firm, but they are not part of the management though they are indirectly affected by the ongoing of the company. They include the outside parties which form part of the business environment. They in most cases use the financial information from the company so that they can know about its profitability, performance, and liquidity. External stakeholders are not involved in the day to day activities of the firm, but their actions have direct influence to the firm. They include;
The suppliers who provide inputs to the firm, customers who consume the products from the firm, the creditors who include individuals, banks or other financial institutions providing funds to the firm. There are also the clients who include the parties that the firms provide services to. We also have the intermediaries who are the marketing channels creating links between the customers and the company. There are the competitors who are the rivals competing with the organization for market and resources as well. Also, there is the government and the society.
The stakeholders exercise different types of powers within their reach which influences the ongoing of the firm. An example of these may include the government or the local government who reward tax incentives to the firm which makes commitments to the firm to hire local workers. The stakeholder’s strength mostly comes from the economic power as a result of boycotts due to the promises of increased purchase. They also form coalitions with other stakeholders to help shape the sentiment of the public against that of the organization. Customers reward the organizations by accepting to buy goods and services from the organizations. The stakeholder management supports the strategic objectives of the organization by influencing and interpreting the external stakeholders’ interest. The leaders mostly benefit with interactions with the external stakeholders who help them have a better understanding of their concerns and expectations hence getting means on how to weigh them in about the priorities of the organization (Weiss, 2014).
Being a stakeholder means that you got an actual input on the investment which enhances the development of a law enforcement agency that is successful. The issue that is seen with most of the internal stakeholders is the use of excessive force to the community that conveys the lack of ethical and moral judgment and integrity on their agencies and themselves. So for any community policing to be a reality and for it to be viewed successfully it must be evaluated by the stakeholders who have invested in the agency and the executives who enforce the law. An internal atmosphere encompassed with problem solving that are adequate must be created which must begin to form their homes and then carried on to the office. The officers must acquire problem-solving and group dynamic skills which are more reliable and those including team building, anger and conflict management techniques in mediation and more to this the communication skills (Aydin, 2015).
To motivate the individuals into buying the solution, I will initiate problem-solving strategies that are more collaborative and those that will help the agencies involved in law enforcement and the community people who are affected at large. There will also be the creation of an atmosphere supporting teamwork, to help the internal stakeholders reduce victimization between all the officers and the people from the community. All the teams that are involved in running the organization must ease their emotional shares while outlining the duties of the firms and must have a belief that they have an evocative amount of control in all the roles that they play. There should also be effective communication with the department members, partners, community leaders and everyone affected by the criminal acts which use excessive force used by the officers who enforces the law. There should be laid strategies which ease the amount of tension between the community affected and the officers.
References
Drori, I., & Honig, B. (2013). A process model of internal and external legitimacy. Organization Studies, 34(3), 345-376.
Aydin, G. (2015). Alexander Brem & Éric Viardot (eds.), Adoption of Innovation: Balancing Internal and External Stakeholders in the Marketing of Innovation. Turkish Economic Review, 2(3), 196-202.
Weiss, J. W. (2014). Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.