COMPARE AND CONTRAST: Woolworths and Telstra
Telstra is considered a large telecommunication that satisfies all the communication needs of its clients within Australia on various levels. Considering that the organization operates as property, health sports, and business entity, insinuates that the organization is open to numerous markets and industries. Assessing Telstra against a firm from a distinct sector, in this case, the paper will consider Woolworths. It’s precise that investments from stakeholders in Telstra have been completely distinct from that of Woolworths. The difference has been evident as a result of Telstra leveraging more interests from the Australian government and global investors.
Stakeholders at Woolworths consist of shareholders, debtors, communities, suppliers, and workers (). Despite having a similar stakeholder structure, the two companies are still distinct. Moreover, Woolworths’ investors tend to feel a sense of belonging in the company since they are offered a unique and friendly stakeholder experience of a lifetime compared to the other companies within the same market. On the other hand, Telstra efforts appear to have embraced a technological pathway that necessitates some regular checks and balances, especially on the firm’s activities that require sustainable and eco-friendly practices. As such, it’s precise that all the stakeholders at Woolworths are incisive regarding environmental consciousness since it operates mainly on eco-friendly technology since it’s committed to a sustainable future.
CONCLUSION
Telstra is considered the best company in the telecommunication sector. With various internal as well as external stakeholders who tend to be influenced by the organization’s actions together with strategies. Telstra has lately acknowledged certain choices that have significantly affected the interests of stakeholders. Moreover, internal, along with external stakeholders, have played a great role in molding the organization’s policies and dealings. The major role played by the community together with the government in the organization has been important as Telstra is an international leader that runs and attends to all its domestic and international clients. Henceforth, stakeholder assessment has crucially helped to analyze the main stakeholders of Telstra Company. Furthermore, internal together with external stakeholders, helped to pinpoint their functionality towards achieving organizational objectives.