Global Economics Stakeholders Essay

every craft organization has to be competitive in the business orbit so as to keep in line with other competitors, or else getting competitive advantage over the other competitors might non be easy. The business organization has to therefore satisfy all its stakeholders and be in a better business position. The organization has got to ensure that the gay resources are whole satisfied. A human resource which is satisfied leave behind ensure that all the strategies of the organization are undertaken so as to come through the general objectives.With a dedicated human resource, the organization would be adequate to(p) to develop a culture that is completely accepted to all the stakeholders and thereof increase output. In many occasion, the way the organization treats its human resource, it entrust be reflected on how these employees pass on treat the customers. The customers who are satisfied with organizational activities leave tend to have confident in the goods and the se rvices that will be offered and thus be loyal to the organization.Therefore, looking at these cases, it is completely the best ways in which the organization can ensure that it reduces superfluous costs. With dedicated employees, the rate of turnover will be very measly and thus reducing the cost of hiring and the procedures associated with it. Furthermore, with loyal and satisfied customers, the organization will be assured of the continuous available markets. With reduced costs, the organization would be able to have increased profits and thus become the largest take industry by gaining much larger markets.It is therefore important to undertake opportunities in the organization to reduce production costs without having to negatively come to the quality of the product (Galitsky & Worrell 2003).Reference Galitsky c & Worrell E (2003) Energy betterment and Cost Saving Opportunities For the Vehicle Assembly Industry, retrieved on 29th Jan 2008 from http//www. energystar. gov/ia/ business/industry/LBNL-50939. pdf.