The impact of stakeholders on each other: All the stakeholders are deeply impacted by each other as all are dependent for their transport requirements. Such as the government wants to provide better transport services for receiving votes from the public and taxes from the owners of the transportation business and even high investments in infrastructural facilities by private players (Farrell, 2013). Passengers use the services and want them at low prices with safe and reliable journeys and the company wants passengers for earning maximum profits and growth of the business. Employees provide their services for the company in return of good working conditions and high wages. Employers provide the services to the customers in return of higher profits at minimum costs after meeting government targets and regulations (Pedler, 2008). Managers control the operations of the business in return of promotion, salary and bonuses etc. local communities want the transport facilities in their area to be exceptional with excellent services with minimum externalities therefore they support transport business owners and the government.
There is no formula for the right stakeholder mix but it is supposed to be in the form that it can help in facilitating the achievement of the objectives of the business. It should set a state of best compromise between the interests of all the stakeholders according to their need with the commencement of the business (Potter, 2010). It should work for preserving the interests of the stakeholders and even for regulating the activities of the stakeholders.
How a wicked problem space comes out:
The social system in which the business is going to operate must be such that it can make the participants of business feel comfortable with the workings of the business by providing them a social platform design (Grint, 2005). The motive behind sustainable approach should be sharing and not owing assets that can provide people with a way under which they don’t have to own things which are underutilized instead they can make use of assets of theirs on sharing basis through which society will be needing fewer things. Sharing suitability needs large number of participants for sharing the goods in a specific geographic proximity that can be beneficial for the business and convenient for the users with less carbon intensity for sustainability (Harrison, 2000).