Stakeholder management

pursue economic profitability in order to survive. However, today, it has been brought to awareness that a company also has social responsibilities towards a number of people working together to achieve its aim. An analysis of the shareholder and stakeholder theories has led to the conclusion that these two are very much contradictory, resulting in a debate as to which theory will help embrace good corporate governance. This chapter will thus analyse the different reasons why each theory is a…

One of the most important benefits of AOSD is the separation of concerns. A concern is an interest, which pertains to the system’s development, its operation or any other matters that are critical or otherwise important to one of the stakeholders [2]. The term separation of concerns was originally coined by Dijkstra in [11]: Let me try to explain to you, what to my taste is characteristic for all intelligent thinking. It is, that one is willing to study in depth an aspect of one’s subject…

change, have certain traits that make them suitable to adapt and stay flexible. Organizations that are adapt at change management incorporate practices that set them up for success. Organizations that have well defined goals and metrics are able to move the organization in a desirable direction as well as measure how that movement is progressing over time (Public Management Institute, 2014).…

Discussion Question 1.1 Target's stakeholders, both internal and external, contribute time, capital, and other resources to sustain the business. In exchange, Target pays stock dividends, provides employment, pays vendors, and pays taxes to satisfy obligations. In essence, the stakeholder relationship influences the brand, pricing, operations, marketing, and stakeholder strategies. With a strong relationship, Target identified areas of stakeholder concern such as ethical and philanthropic…

Systems thinking (ST) is a concept to understand how a complex system (e.g. health management) functions as a whole by examining how the components (subsystems) of the entire system are connected and interact dynamically instead of as individual stakeholders. Historically, ST was developed and used by various disciplines in the twentieth century to transfer methods across disciplines known as interdisciplinary (Peters, 2014). Multiple disciplines can collaborate about methods and conceptual…

follow to become better at decision making. Steps such as listing and prioritizing, assess, developing and implementing the decision made. While using these steps, the authors also explained that great leaders surround themselves with employees and stakeholders who have expertise in the subject to make better decisions. Leaders should also not fear those who disagree with their decision but work to understand why these…

regarding ethical dilemmas, reasons and rationalizations, and demotivation from upper management. Though it was an anxiety-ridden time for me, had I not come across these issues, I would not have the opportunity to learn from them. Having now just taken the Managing Organization course, I am able to distinguish and synthesize certain management issues with concepts learned from the class. Now that I know of numerous management concepts, I can apply it to my experience and discuss how it can be…

base salary plus a variable bonus based on achieving certain earnings targets. Milton Friedman’s shareholder model concerned that if management is to exercise moral and social responsibility, it may lead to abuse and inefficiency which we may understand as agency…

manager as coach are used to refer to a core style of management that shies away from the authoritarian nature that has for long been associated with managers in various organizations. This is a type of management that makes use of various skills such as listening, patience and other interpersonal skills to engage the employees in an organization with the purposes of improving their general performance as well as their productivity. This type of management ensures that the various skills and…

Introduction For a long period of time, ethics and management have been a much discussed relationship. Must managers make the transition to becoming moral leaders in order to be a successful leader? Does the transition mean what ethical leadership is all about? Some people agree with the statement above. Meanwhile, some people think that ethics is irrelevant in management. They think that a manager does not have to become a moral…