SMG SM 131 Lecture Notes - Lecture 8: Stakeholder Management, Strategic Management, Animal Welfare
2 Nov 2017
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Stake : an interest or a share in an undertakin(cid:311) Stakeholder : an(cid:468) indi(cid:461)idual or (cid:311)roup (cid:462)ho (cid:272)an a(cid:310)(cid:310)e(cid:272)t or is a(cid:310)(cid:310)e(cid:272)ted (cid:271)(cid:468) the a(cid:272)tions, de(cid:272)isions, poli(cid:272)ies, pra(cid:272)ti(cid:272)es, or (cid:311)oals o(cid:310) the or(cid:311)anization. A (cid:461)ariant o(cid:310) the (cid:272)on(cid:272)ept o(cid:310) a sto(cid:272)kholder. Primar(cid:468) stakeholder : ha(cid:461)e a dire(cid:272)t stake in the or(cid:311)anization and its su(cid:272)(cid:272)ess. General pu(cid:271)li(cid:272) or(cid:311)anization that is more indire(cid:272)t. Representati(cid:461)e o(cid:310) ho(cid:462) the (cid:310)irm handles its stakeholders. Hi(cid:311)h potential (cid:310)or (cid:272)ooperation, lo(cid:462) (cid:310)or threat. Hi(cid:311)h potential (cid:310)or threat, lo(cid:462) (cid:310)or (cid:272)ooperation. Hi(cid:311)h on potential (cid:310)or threat and (cid:272)ooperation. Stakeholder en(cid:311)a(cid:311)ement : an approa(cid:272)h (cid:271)(cid:468) (cid:462)hi(cid:272)h (cid:272)ompanies su(cid:272)(cid:272)ess(cid:310)ull(cid:468) implement the transa(cid:272)tional le(cid:461)el o(cid:310) strate(cid:311)i(cid:272) mana(cid:311)ement (cid:272)apa(cid:271)ilit(cid:468) Must (cid:271)e inte(cid:311)rated into e(cid:461)er(cid:468) le(cid:461)el o(cid:310) de(cid:272)ision-makin(cid:311) in the or(cid:311)anization. Depi(cid:272)ts a (cid:272)ontinuum (cid:310)rom lo(cid:462) en(cid:311)a(cid:311)ement to hi(cid:311)h en(cid:311)a(cid:311)ement. Primaril(cid:468) (cid:310)o(cid:272)used on e(cid:467)(cid:272)han(cid:311)in(cid:311) (cid:272)ommuni(cid:272)ations (cid:462)ith stakeholder (cid:311)roups. Values statement : (cid:272)reate a stakeholder-in(cid:272)lusi(cid:461)e (cid:637)(cid:461)alues statement(cid:638)
