Established in 1516, Royal Mail is a postal service business, based in London, UK. Royal Mail had always been a public service for most of its history, considered to be a government department. However, with the rise of E-mail and the online social networks, there has been a torrential fall in the volume of letters, which was once the major business of Royal Mail. Faced with great financial hardship, Richard Hooper, the former deputy chairmen of the Office of Communication, proposed the introduction of private capital in 2008, as a way to save Royal Mail in the digital age. On 15 October 2013, 52.2 percent of Royal Mail’s shares were finally floated on the …show more content…
A stakeholder is anybody who has an interest in an organization, either internal or external (Marcouse et al., 2011).In this essay, the author will mainly assess the impacts of Royal Mail’s privatization on three …show more content…
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