Question

In: Economics

What are the strategic and specific objectives that will guide the relationships with stakeholders?

What are the strategic and specific objectives that will guide the relationships with stakeholders?

Solutions

Expert Solution

There are indeed certain steps in the form of objectives that would result in effective stakeholder engagement

1) the prime objective is to identify your stakeholders and what are their goals in engaging with the organisation

2) now I can be understood what are the goals of the stakeholders and now analyse each person carefully so that you can actually understand how to interact with them even with limited resources as well as time

3) another major steps to draw a plan so that you can actually engage with your stakeholder and get the right information out of it.

4) after planning it is the time to act where you have to go and interact with the stakeholder and see their suggestions as well as their feedback about the organisation and the interpersonal relationships

5) the final objective is to review your relationship with the stakeholder where you have to understand what are the drawbacks in what way you can improve your relationship with him or her and his perspective about the organisation.


Related Solutions

what are JP Morgan strategic objectives.
what are JP Morgan strategic objectives.
A company-specific map that names its primary and secondary stakeholders, identifies key issues, and examines relationships...
A company-specific map that names its primary and secondary stakeholders, identifies key issues, and examines relationships and networks between the organization and stakeholders is called a _________. Select one: A. reputation management B. stakeholder map C. social audit D. legitimacy
. Ownership and management objectives in the process of strategic management - What is the importance...
. Ownership and management objectives in the process of strategic management - What is the importance of ownership objectives and what is their position in management of a business? - Specify managerial objectives and the role of managerial objectives in strategic management. - What is the difference between ownership, management and corporate strategy?
What are the objectives and specific definitions (according to the ASC) of and for Basic Earnings...
What are the objectives and specific definitions (according to the ASC) of and for Basic Earnings per Share and Diluted Earnings per Share? Please provide codification.
In what ways does Pepsi incorporates diversification in achieving strategic objectives? What are some of their...
In what ways does Pepsi incorporates diversification in achieving strategic objectives? What are some of their challenges with diversification, best practices and applications of diversification?
The firm can be viewed as a series of contractual relationships that connect many stakeholders ….....
The firm can be viewed as a series of contractual relationships that connect many stakeholders ….. 1- Show the Society’s roll in such relationship , illustrate your answer with one example from Palestinian environment . 2- One of the main Limitations of the Theory of the Firm , Is that “ Seeking satisfactory rather than optimal results”….explain this limitation , illustrate your answers with a real case . 3- 'In the long run, a profit-maximizing firm would never knowingly market...
Assess the objectives of financial management and the role of different stakeholders in the financial strategy...
Assess the objectives of financial management and the role of different stakeholders in the financial strategy of a company.(Minimum Word count 700) Take note of word count
What are the broad gals of FedEx? give proposed SMART financial and strategic objectives for each...
What are the broad gals of FedEx? give proposed SMART financial and strategic objectives for each goal
What are the requirements for creating an effective strategic vision statement and measurable company objectives? How...
What are the requirements for creating an effective strategic vision statement and measurable company objectives? How do company objectives support the strategic vision statement of a company?
1- The firm can be viewed as a series of contractual relationships that connect many stakeholders...
1- The firm can be viewed as a series of contractual relationships that connect many stakeholders …..Show the Society’s roll in such relationship , illustrate your answer with one example from Palestinian environment .
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT