Question

In: Economics

Discuss how to balance demands from international stakeholders who have conflicting requirements (i.e., European-based business subject...

Discuss how to balance demands from international stakeholders who have conflicting requirements (i.e., European-based business subject to GDPR doing business in the United States).

Solutions

Expert Solution

  • In scope management,the main idea i to create the project scope. The project scope tells what is a project's goal.The base of project scope is stakeholders requirements.
    • Whenever we are balancing the stakeholder's requirements,we should make sure that ,the objectives of the project meets them.Objectives clearly specifies ,what are the requirements of a project. Once the objectives are met,then the requirements tied to it will be met
    • There will be lots of requirements. The requirement, which is more important should be given higher priority. If the important requirements are not met,then it may lead to project failure.
    • We should give more importance for customer requirements. This is because,at the end result of a project is the customer. So,whenever if there is a conflict between requirements,then customer requirements should be given more priority.h
    • The conflict should be solved smoothly. While resolving ,if any side is unhappy,this will be a huge risk to the project. An unhappy stakeholder may not support the project ,or may not perform well,where we need it's output.

Related Solutions

In about 150 words, discuss the conflicting goals and give example from the real business world.
In about 150 words, discuss the conflicting goals and give example from the real business world.
From a CSR perspective, discuss why prioritising stakeholders’ interests may pose challenges to international businesses in...
From a CSR perspective, discuss why prioritising stakeholders’ interests may pose challenges to international businesses in a globalised environment. What kind of challenges?
The subject is International business !. what characteristics you feel global leaders should have in order...
The subject is International business !. what characteristics you feel global leaders should have in order to combat corruption in a business environment 2. what controls, processes, or procedures can be implemented within a firm to ensure a global leader can lead successfully in a dynamic international environment
Consider product A and product B who have independent demands from one another. Now assume that...
Consider product A and product B who have independent demands from one another. Now assume that both demands are normally distributed with same cost structure. Using the newsvendor model (how to make inventory decisions under uncertainty of demand) - if the demand is combined or pooled for products A and B, will the TOTAL inventory increase or decrease vs. making separate decisions for the two products? Show work and arguments very carefully. (25 marks / 100) Please help - this...
a. how is the balance sheet of banks differ from a non-bank business entity? b. discuss...
a. how is the balance sheet of banks differ from a non-bank business entity? b. discuss how loans are processed.
Elaborate from this list below who loses from Globalization and International Business: Select one: a. Governments...
Elaborate from this list below who loses from Globalization and International Business: Select one: a. Governments lose sovereign rights when they join trade blocks. b. The environment always loses as businesses pollute more and escape laws. c. Low-wage earners lose in the developed countries, unless there are substantial re-training programs d. Small companies lose as large businesses acquire more and more power e. All of the above have some truth.
If the UK actually leaves the European Union, how might this have affect business throughout these...
If the UK actually leaves the European Union, how might this have affect business throughout these countries? Will this action affect all UK countries similarly?  
(International Business) Discuss how the culture and religion of a country might increase the costs of...
(International Business) Discuss how the culture and religion of a country might increase the costs of doing business in that particular country. You can pick any country of your choice to make your argument. Please provide specific examples to support your answer.
Discuss how the UK has benefited from globalization and international trade.
Discuss how the UK has benefited from globalization and international trade.
How is social responsibility alike or different from integrity? Subject Small Business Management.
How is social responsibility alike or different from integrity? Subject Small Business Management.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT