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To maintain balance among contradictory claims

There may be contradiction among claims of all parties, involved with the company, and therefore “common interest” factor of all claims should be kept into account. Moreover out of claims of all parties, which claim is main claim, this factor should be kept before eyes. If balance among all main claims is maintained, it will be easy for the management to satisfy main claims. For this, following analysis would be useful.

Parties Claims Balance among Claims
Customers Investors Proper quality goods at fair price. More dividend and return. High price can be recovered, by maintaining high and special qualities. On other side, high return to the investors can be paid.
Debtors Creditors Good relationship with traders and clients.

Regular payment of interest and reĀ­fund of money.

To allow credit as per rules to the traders. For regular payment, by them, attractive cash discount to be allowed and to increase cash flow, and make payment of interest regularly.

 

Employees Shareholders Job-satisfaction, more salaries and

Reasonable facilities.

More profit, more dividend and bonus.

To appreciate efficient employees and to pay salaries linking work factor, so that production may increase, cost may reduce more dividend and bonus would be possible.
Shareholders Government Expansion and development of the company.

Taxes, Regional development, opportunities of employment.

By making tax planning, profit to be reinvested. There will be expansion and development of the company. Resultantly, there will be development of region and opportunities of employment would be increased.
Trade unions Shareholders Recognition of trade unions, and representation.

Industrial peace, development and increase in production.

Code of conduct for peace to be formed, in consultation with trade unions. Industrial peace and productivity to be increased by necessary conditions formed through collective bargaining.

Management should make efforts to satisfy all parties, strategically, within above stated limitations of internal capabilities and laws, and maintaining coordination and balance among rivalry claims of various parties.

Filed in: Business and Finance

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