We can make an organization vibrant and evergreen when every stakeholder in the organization are motivated towards the organizations' objectives.
So, the question here: What is the stakeholder in the organization and how do we motivate them?
Say, I run a trading company.
The stakeholder in the trading company would be customer, worker, supplier, shareholder, creditor, government and the society around us.
So, how do I motivate them?
Give them what they want and not give them what I think they want. You don't give a carrot to a mouse and cheese to a rabbit, right?
So, back to my trading company.
1) Customer will need the best service or what we say, customer always right.
2) A worker will need their welfare well taken care of.
3) The supplier will need prompt payment of credit.
4) A shareholder will need sustainable profit.
5) A banker will need prompt payment of the loan as stipulated in the agreement.
6) The government will need adherence to rules and regulations and prompt payment of tax.
7) While society will need corporate social responsibilities (CSR).
Teamwork is the basis of the success of an organization whether it is a family, society, country or civilization as stated by Confucious, "It is more difficult to break a pack of sticks, than to break a single stick."
"In God we trust"
"May your day be bless"
Yours truly,
Dr Lion.
So, the question here: What is the stakeholder in the organization and how do we motivate them?
Say, I run a trading company.
The stakeholder in the trading company would be customer, worker, supplier, shareholder, creditor, government and the society around us.
So, how do I motivate them?
Give them what they want and not give them what I think they want. You don't give a carrot to a mouse and cheese to a rabbit, right?
So, back to my trading company.
1) Customer will need the best service or what we say, customer always right.
2) A worker will need their welfare well taken care of.
3) The supplier will need prompt payment of credit.
4) A shareholder will need sustainable profit.
5) A banker will need prompt payment of the loan as stipulated in the agreement.
6) The government will need adherence to rules and regulations and prompt payment of tax.
7) While society will need corporate social responsibilities (CSR).
Teamwork is the basis of the success of an organization whether it is a family, society, country or civilization as stated by Confucious, "It is more difficult to break a pack of sticks, than to break a single stick."
"In God we trust"
"May your day be bless"
Yours truly,
Dr Lion.
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