Page 75 - Stakis Consolidated Teaching Note

prospects. The analysts and other stakeholders (See Figure
8) knew this because Sir Lewis, Michels, and Chisman gave

them enough information to allow them to work it out.

This juxtaposes with the lack of information and control
systems operating under Andros.

Stakis Stakeholders
Stakis Stakeholders

Divisions

Environmental Employees

Managers Strategic Chairman

Creditors C E O
Directors
Clients Activities

Tourist Institutional
Boards
Investors
Local Organisational
Communities Bankers Venture Gaming Board
City Analysts
Inland
Revenue Brokers Capitalists Shareholders

Figure 8

Applying Altman's Z factors Stakis' Z scores are :

1992 1991 1990 1989 1988

Z score 0.345 0.187 1.05 1.829 2.327