Stakeholder Relationship Management
Summary and Complete List of References (5-15 references- that depends on your topic).
Topic: Stakeholder Relationship Management and its influence on Management Decision Making
General Framework Relationship management is one of the highest level managerial functions. Use an example to illustrate poor relationship management and the outcome that resulted from it. Outline the four step approach to stakeholder relationship management recommended in your textbook.
STEP1: Identification of stake holder
Step 2: determination of interest or concern
Step 3: Deciding critical stake holder
Step 4: Formulate specific approaches to manage relationship
Individual Components Construct an example to illustrate good stakeholder relationship management. Using your example:
Define the general external environment of your example, identifying stakeholders within it
Define the specific external environment of your example, identifying stakeholders within it
Discuss how the multi-advocacy approach to stakeholder relationship management would assist managers in decision making which is sensitive to managing stakeholder relationships