The important people in an organization
Investors are highly prioritized in any organization as they are the people who support the business when it is at its worst. Chiefly, they are concerned with profits and believe that high profits generate high dividend and hence motivate the investors to remain in the business. Also, they are also concerned with minimizing operational cost (Koca-Helvasi, 2017). Furthermore, companies place it, investors, first in the strategies they make as they bring their money to the table. Investors are the first to know about any new plans and decisions.
Customers are considered as shareholders as they bring money for the organization. Walmart is supposed to please the customers by meeting their needs. Customers are attracted to low priced products or high-quality goods (Koca-Helvasi, 2017). Therefore, due to the current complaints, the organization is working to ensure the customers get the services they need.
Employees are essential to the organization as they aid in decision making. Furthermore, employees have two main interests: job security and high wages. High wages are a conflicting interest as the company aims at minimizing operational cost to increase profits (Koca-Helvasi, 2017). For example, Walmart is partially effective in addressing their employees’ needs. This is because they provide policies and programs that offer considerable high job security but also support minimizing cost. Job security ensures the employee remains in the organization, and this helps the organization’s reputation hence avoiding issues of strategic drift.