4. Stakeholders are groups or individuals who have an
interest in the decisions of the company and its
business. Stakeholders can be internal to the
business, such as employees, or external, like
suppliers , customers or the public.
A company may have shareholders who can be
internal or external. As a private company, the
families who own Amway are its sole shareholders. It
is important that Amway communicates regularly
with its stakeholders. They can affected by the
business.
5. SUPPLY CHAIN
Amway is a direct selling company, selling products directly to consumers without
going through traditional retail outsiders or ‘ high street’.
Supply chain links the finished products to end consumers. Amway has its own
distinct supply chain, placing a strong emphasis on its ABO’s. they are able to focus
on individual customers and their needs.
This supply chain is different from a more conventional supply chain that sells
goods to final consumers through retail outlets. Amway’s way of working depends
on building lasting connection with the end consumer. Feedback provided by
consumers and ABOs helps to shape
Future changes in product and the service provided. Suppliers must produce quality
goods that Amway ABOs can sell with confidence. The goods should offer value for
money and provide guarantees that they will meet Amway standards. Suppliers may
contribute to the design and appearance of Amway products.
6. PROGRAMMES TO REDUCE ITS IMPACT
ON THE ENVIRONMENT
Supporting organic farms to grow the plants for its vitamin and
mineral products.
training employees to protect the environment, for e.g reuse
and recycling to conserve resources.
changing product formulation to be more concentrated and
biodegradable.
using sources of renewable energy, for example, a wind farm
at its World Headquarters will provide 10% of energy needs.
measuring its environmental impact by auditing its activities to
internationally recognised standards.