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Four steps in managing external stakeholder relationships

22/10/2021 Client: muhammad11 Deadline: 2 Day

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

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