Research Paper on:
Stakeholder Analysis of Railtrack

Unformatted Sample Text from the Research Paper:
contradictory with the safety issues as the paradigm of a stakeholder approach required as the safety was incorporated through a shareholder wealth maximisation model; as part of an economic necessity,  rather than as part of an overall philosophy of safety and the alternate paradigm of corporate wealth maximisation. When we consider the range of stakeholders some can be seen  more direct than others. Stakeholders are those who have an interest in the running and operations of the company. These are usually displayed in concentric circles, with those with the  most direct interest closet to the company. In the centre circle, with the company will be the company management and the owners. In the case of Railtrack this will be  mainly institutional shareholders as well as the government with its retained share in the company. Moving outwards top the next level there will be those that do not have the  same direct influence on the company, but are still directly influenced by the company and can be seen to exert some influence. This next layer will include both employees as  well as strategic alliance partners and customers. In this case this will mean not only the rail passengers, but also the train companies that run the trains on Railtrack lines.  More remote stakeholders can be seen as the suppliers to the company and those who are effected on a less immediate level, this may be seen as the community  in general, especially those that live near the railway tracks, the interest groups, such as the rail users groups, the regulating authorities. However, when the company was privatised although  it can be seen there were many interested parties, moreover in a privatisation there may be a focus on a single set of stakeholders; the new shareholders. In order