Stakeholder management

Manager should, or should not, be considered a Stakeholder? “Be shepherds of God’s flock that is under your care, watching over them-not because you must, but because you are willing, as God wants you to be; not pursuing dishonest gain, but eager to serve”. 1 Peter 5:2, NIV. Even though Peter was one of the 12 disciples that witnessed Jesus die on the cross, be resurrected, and His Transfiguration, Peter still identified himself as a fellow elder. It was Peters way of managing through a covenantal relationship. Managing through a covenantal relationship is harder, it takes longer to see the results, but the results create long term value. Negative management my get results quicker, but long term gains are lost through resistance,…

One of the first steps for creating a Stakeholder Management Plan is to identify who are the stakeholders for the project. The Project Manager is responsible for making key decisions and these decisions can significantly impact the project. With that being said, the influence or needs of stakeholders can also impact the project and influence the decisions of the Project Manager. Stakeholders have the capability to influence several areas of the project, such as strategy, communications, finance…

Approach The approach of this project is divided in five processes as initiating, planning, executing, monitoring and controlling and closing. All of this process has their own special features at different stages of the project which gives direction to the project. Initiating This is the first and foremost process of our project in which we start our project. In this process, tasks like making project charter and identifying of stakeholders is done. The project charter will formally authorize…

Develop a Stakeholder Management Plan (SMP). Identify the need to maintain and refine the SMP over time. At a minimum, identify what needs to be included within a Stakeholder Management Plan and why. This Document is the Stakeholder Management Plan (SMP), it must be maintained and refined over time, the first reason being: The stakeholder list will grow throughout the project, second: Changes can happen in relation to the project, affecting stakeholder power and interest, requiring a new…

A stakeholder is “any group or individual that can affect or be affected by an organization’s purpose.” With the idea of the stakeholder’s definition, there are many individuals that become affected by any one organization or business. Such people can be shareholders, financiers, employees, suppliers, customers, the surrounding community, and the government. Each different type of stakeholder has their own interests of which they would like to achieve from an organization. The stakeholder’s…

external stakeholders significantly affects how they are perceived. This is certainly true in criminal justice institutions, where employees and members of the public alike recognize criminal justice decision-makers and law enforcement agents as authoritative (Giblin, 2013). How power is carried out in criminal justice administration affects stakeholders’ perceptions of organizational justice. Formal power extends from positions in organizational hierarchies, whereas informal power stems from…

12490468 Professional Report Volkswagen: Myopic view of Stakeholders Executive Summary This report attempts to provide the systematic analysis of the questionable management practices adapted by shareholders of the company and also imply the organizational theories to these identified management issues. The organizational theories that are discussed in this report are stakeholder theory and shareholder theory which is implemented by Volkswagen. Various suggestion and high-level recommendations…

local, and from provincial to local (Roberts & Douwes, 2011). The study also indicated that there are conservative management practices towards producing efficient institutions and when it comes to dealing…

supporting stakeholder theory, the component that “an individual surrenders a degree of autonomy to an organisation” (Gibson 2000; p. 252) is still relevant in the traditional view. If the shareholders’ interests are in line with maximising profits than, to a certain extent, so too are the businessmen’s actions. (2) If they were able to spend the profits of stockholders, a big issue would be knowing how much of the profits they are able to spend before it stops being the shareholders’ profits…

Identifying Stakeholders I think it’s important to identify who is being affected by Company Q’s current attitude toward social responsibility or Company Q’s lack of social responsibility. These groups are composed of primary stakeholders and secondary stakeholders. Primary stakeholders for company Q would be its employees, customers, investors, shareholders, governments, and communities that provide necessary infrastructure which are crucial to company’s Q’s survival. (Ferrell, Fraedrich, &…