$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!


Discuss about the Importance Of Stakeholders In Creating Value In An Industry.



The assignment focuses on the importance of stakeholders in creating value in an industry. According to Cho and Auger (2017), stakeholders form an integral part of an organisation and help in the decision-making process in order to make an organisation productive. The assignment focuses on the importance of the stakeholders in an educational industry. An organisation within the industry has also been considered in order to identify the impact of stakeholders. The organisation in focus is Federation Training, a training and education facility. The ways by which shared values are considered as the interest of stakeholders are analysed in this assignment.

Identifying industry dependent upon creating value for stakeholders

As stated by Noke, Kirkham and Mosey (2017) stakeholders help in the growth of an industry as well as an organisation. Value is created in an industry by formulating and presenting ideas that can help in solving problems. The risks involved in this regard are communicated with the stakeholders in order to receive support in the times of crisis (Wicks and Harrison 2017). Stakeholders can be both internal and external and the contributions depend upon the level of involvement of the stakeholders in the sector (Cardwell, Williams and Pyle 2017).

In the case of an educational industry, the contribution of the stakeholders needs to be high. This is because an educational industry serves for educating the people in the society of its business (Stensaker, Persson and Pinheiro 2016). The value created by the engagement of the stakeholders involve the generation of new ideas in terms of knowledge that needs to be imparted to the learners. According to Missonier and Loufrani-Fedida (2014), analysis of the stakeholders is needed in order to understand the active way by which they can be involved. The active stakeholders concerned with the industry involve the students and Government. This is because these stakeholders dictate the ways required for improving the society. The value created by the involvement of these stakeholders can help the industry to progress and develop new ways to impart knowledge among the people (Smith and Lindsay, 2014).


Identifying relevant information about the organisation

Federation Training is a training centre that provides opportunities and outcomes for vocational education to students residing in South Eastern Victoria and Gippsland. The educational centre was established on 1st May 2014 and provides various courses to engage local students. The objective of the institution is to develop a proper relationship with the students that exist in the local region and provide an opportunity to learn about the regional teachings of the country. The vision is to set itself up with the best industries in the region and provide employment in these sectors ( 2017).

In this regard, the role of the stakeholder plays an important role in the success of the centre. This is in order to gain a proper understanding of the industries, the role of the Government is essential (Pinheiro 2015). Thus, the involvement of the Government is essential to the success of the organisation. Apart from this, the contribution of the students is also required for its success. This can be evidenced by the fact that the institution aids the students involved in the training with a proper guide for a career growth (Pfitzer, Bockstette and Stamp 2013). Thus, the role of the students in the business model of the centre is also crucial.

Ways to create shared values to consider interest of stakeholders

According to Swanson (2017), the business model helps in the proper analysis of the operations of a business. In the case of Federation Training, the stakeholders involved help in creating values that can help in the proper growth of the business. The target customer is an important factor for the institution. In this case, the target is the students pursuing bachelor's degree from the various educational background (Porter and Kramer 2014). The involvement of the Government also helps the institution to gain access to many industries.

According to Corner and Pavlovich (2016), the role of the Government in an educational industry is crucial as placements of the students after the completion of the course is an important factor. The Government can involve itself by providing opportunities for placement and engage in providing knowledge about the conditions of various industries. This can help Federation Training to get involved with deals only with reputed industries (Lienert, Schnetzer and Ingold 2013).


Hence, it can be concluded that in order to remain successful in the market, every business organisation needs to involve stakeholders. The value created by the stakeholders can help in the identification of the ways by which business can be conducted. In the case of Federation Training, the involvement of the students and the Government can help in the increasing the reputation of the organisation and maintain proper relations with the local community for expansion.   



Cardwell, L.A., Williams, S. and Pyle, A., 2017. Corporate public relations dynamics: Internal vs. external stakeholders and the role of the practitioner. Public Relations Review, 43(1), pp.152-162.

Cho, M. and Auger, G.A., 2017. Extrovert and engaged? Exploring the connection between personality and involvement of stakeholders and the perceived relationship investment of nonprofit organizations. Public Relations Review.

Corner, P.D. and Pavlovich, K., 2016. Shared value through inner knowledge creation. Journal of Business Ethics, 135(3), pp.543-555. (2017). Home - Federation Training. [online] Available at: [Accessed 11 Sep. 2017].

Lienert, J., Schnetzer, F. and Ingold, K., 2013. Stakeholder analysis combined with social network analysis provides fine-grained insights into water infrastructure planning processes. Journal of environmental management, 125, pp.134-148.

Missonier, S. and Loufrani-Fedida, S., 2014. Stakeholder analysis and engagement in projects: From stakeholder relational perspective to stakeholder relational ontology. International Journal of Project Management, 32(7), pp.1108-1122.

Noke, H., Kirkham, P. and Mosey, S., 2017. Entrepreneurship with external stakeholders. Building an Entrepreneurial Organisation, p.73.

Pfitzer, M., Bockstette, V. and Stamp, M., 2013. Innovating for shared value. Harvard Business Review, 91(9), pp.100-107.

Pinheiro, R., 2015. The role of internal and external stakeholders. In Higher Education in the BRICS Countries pp. 43-57

Porter, M.E. and Kramer, M.R., 2014. Creating Shared Value: Becoming a Movement.

Smith, J.G. and Lindsay, J.B., 2014. External Stakeholders. In Beyond Inclusion, pp. 163-181.

Stensaker, B., Persson, M. and Pinheiro, R., 2016. When mergers fail: a case study on the critical role of external stakeholders in merger initiatives. European Journal of Higher Education, 6(1), pp.56-70.

Swanson, D.L., 2017. Toward Shared Value Consciousness Through CSR Discovery Leadership. In CSR Discovery Leadership pp. 131-165.

Wicks, A.C. and Harrison, J.S., 2017. Toward a More Productive Dialogue between Stakeholder Theory and Strategic Management. In Stakeholder Management, pp. 249-273.


Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Creating Value For Stakeholders. Retrieved from

"Creating Value For Stakeholders." My Assignment Help, 2018,

My Assignment Help (2018) Creating Value For Stakeholders [Online]. Available from:
[Accessed 20 January 2020].

My Assignment Help. 'Creating Value For Stakeholders' (My Assignment Help, 2018) <> accessed 20 January 2020.

My Assignment Help. Creating Value For Stakeholders [Internet]. My Assignment Help. 2018 [cited 20 January 2020]. Available from: has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts' teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.

Latest Management Samples

LUSL3056 Professional Growth III

Download : 0 | Pages : 3

Answer: Topic: Creating awareness among adults and parents regarding vaccination program. Targeted leaners: The target audience of this teaching plan are parents of teenagers, adults and even children who are matured enough to understand the importance of immunization. The increasing number of reported diseases calls for free vaccination programs and campaigns for making people aware of these programs. People need to be conscious about the p...

Read More arrow Tags: Canada Ottawa Management University of Ottawa Masters in Business Administration 

UNCC300-Inequity In The Distribution Of Educational Resources

Download : 0 | Pages : 4

Answer: Introduction There are several challenges with realizing aspirations of the common good in professional community whether locally or globally. In this opinion editorial, it is going to focus on inequity in the distribution of resources as a challenge in realizing aspiration for the common good in a professional community. Inequity in the distribution of educational resources In a professional society, knowledge and skills is a key f...

Read More arrow

MBA402 Governance, Ethics, And Sustainability Report

Download : 0 | Pages : 11

Question: Introduction: Organisation sustainability is one of the major development aspects of the productive nature of the organisation in case of employees’ engagement and productivity. There are some situations where business dealings are not justified their places and that create a problem for the company as well as for employees. Some rules are needed to be revised as the report detailing form the commission are not highlighted at ...

Read More arrow

BSBCUS501-Customer Service Plan Of Innovative Widgets

Download : 0 | Pages : 6
  • Course Code: BSBCUS501
  • University: Victoria University
  • Country: Australia

Answer: Vision and Mission Vision The vision of Innovative Widgets is to render the best quality and reliable widgets for different machines at reasonable prices to its customers and also to meet customer servicing needs in an effective fashion. Mission The mission of Innovative Widgets is to render innovative product solutions to the customers and also to provide the right quality of customer services both for its internal and external cu...

Read More arrow

MGT726 Managerial Project Resolution Of Scaffolding

Download : 0 | Pages : 14

Answer: Introduction The purpose of this project report is to give an overview regarding the progress to date of the management problem regarding the complaints received by Caledonia scaffolding from residents of the locality and regarding utilisation of resources due to construction of scaffolding (Kumar et al. 2013). This project will address the progress done so far about analysing the various research objectives and research problem relat...

Read More arrow

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2109 Order Completed

99% Response Time

Emma Zhong

Ph.D in Project Management with Specialization in Project Communications Management

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2115 Order Completed

97% Response Time

Kimberley Chen

MPA in Accounting

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

The essay was very detailed and written with proper English and grammar. Spacing wise for the essays were neat as well. The only thing missing at the start was just the citations.


User Id: 362395 - 20 Jan 2020


student rating student rating student rating student rating student rating

The assignment was done within the deadline, even a day before. The quality of work was very good and well organized to the point. The assignment was organized in the way I have requested and so gt full marks. Thank you team


User Id: 299002 - 20 Jan 2020


student rating student rating student rating student rating student rating

good very nice he quality you need to score well in your studies. We have writers in every discipline of study and will get your work completed within the shortest deadline. Use an essay writing service that is affordable and easily accessible, and t...


User Id: 332508 - 20 Jan 2020


student rating student rating student rating student rating student rating

It was a great paper that allowed me to score well. Kudos to the assigned as it allowed me to trust the website to submit more papers


User Id: 142709 - 20 Jan 2020


student rating student rating student rating student rating student rating
callback request mobile
Have any Query?