Key Stakeholders

The above steps provide insight into the rational aspect of Freeman’s framework. Process and transactional aspects can only be determined through study of the specific Wells Fargo processes and transactions between stakeholders, and hence are not attempted in this paper. From the stakeholder map, the following key stakeholders can be identified:
• Regulators (FDIC, FRB, OCC) As a bank holding company, Wells Fargo & Company is subject to regulation under the BHC Act and to inspection, examination and supervision by the Board of Governors of the Federal Reserve Board (FRB).
The company’s national subsidiary banks are subject to regulation and examination primarily by the Office of the Comptroller of Currency (OCC) and also by the Federal Deposit Insurance Corporation (FDIC) and the FRB. departments. The company’s brokerage subsidiaries are regulated by the Securities and Exchange Commission (SEC), the National Association of Securities Dealers, Inc. and state security regulators (Bak, et al, 2004).

• Competitors The increasing level of consolidation in the financial services industry has led to increased rivalry of competition.
Competitors thus have a stake in the strategies for growth and expansion followed by Wells Fargo.
• Customers Wells Fargo business and earnings are also affected by general business and economic conditions in the United States and abroad. These conditions include short-term and long-term interest rates, credit and liquidity risk, foreign exchange risk, equity price risk, commodity price risk, inflation, monetary supply, fluctuations in both debt and equity capital markets, and the strength of the U. S. economy and the local economies in which Wells Fargo operates.
For example, an economic downturn, an increase in unemployment, or other events that effect household and/or corporate incomes could decrease the demand for loan and non-loan products and services and increase the number of customers who fail to pay interest or principal on their loans (Bak, et al, 2004). Wells Fargo customers are affected directly by earnings and losses. A further dimension to its customer interaction arises in that Wells Fargo must retain the confidence of its customer base with regard to issues of integrity, ethical behavior, and corporate social responsibility (CSR).
This is particularly true as the bank operates across international boundaries, including online trading. As consumer choices and education increases, their demands and requirements could also increase, requiring the appropriate adjustments within Wells Fargo’s business processes and operations. Read about FedEx Stakeholders
1. Risks and their Impact The following table shows risks have been identified (Bak, et al, 2004) as facing Wells Fargo, together with their impact on stakeholders: Risk Stakeholder Concerned Impact Details Fiscal and monetary policies of federal government and its agencies Federal Reserve Board
Customers Availability of bank loans and deposits and the rate of interest charged. Legislative & regulatory changes Government Degree of competitive rivalry becomes more intense. Technological advances enabling more companies to provide financial services, e. g. electronic “currency” such as e-gold Suppliers Competitors Customers The importance of depositary institutions may decrease as transfer of funds no longer requires such institutions. Online scams Suppliers Regulators Customers Cost of identity theft is estimated at over $60 billion over last 5 years.
Bibliography and References
• Elias, AA, Cavana, RY, 2000, Stakeholder Analysis for Systems Thinking and Modeling, Victoria University of Wellington, New Zealand.
• Franko, LG, 2004, U. S. Competitiveness in the Global Financial Services Industry, Working Paper 1001, Financial Services Forum, University of Boston, Boston, Massachusetts.
• Freeman, RE, 1984, Strategic Management: a Stakeholder Approach, Pitman, Boston, Massachusetts.
• Bak, A, Harrington, W, Leach, K, Attanasio, P, 2004, SMIF Investment Research: Wells Fargo & Company, viewed 13 November, 2007, http://www. smifinvestment. com/wfc/index. asp

Don't use plagiarized sources. Get Your Custom Essay on
Key Stakeholders
Just from $13/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Use the discount code "OFFNOW" today and get a 20% offOrder Now
Live Chat+1(978) 822-0999EmailWhatsApp