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Why conflict can happen between stakeholder?
Stakeholders are customers, competitors, society, government, managers, workers, shareholders... These stakeholders have different objectives: Shareholders want more profits but managers want the business to expand so as to receive more salary and increase their status. In this case, if managers decide to expand the business, the shareholders will receive less dividend since the money is used for the expansion, thus there is a conflict.. Customers want a better quality of products and a cheaper price. Society wants businesses to use environmentally friendly materials. Workers want a secure job and maybe a high pay...
Why stakeholders are important in the change process?
Stakeholders and change management
What causes conflict between managers and stakeholders?
Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Accordingly, the stakeholders fall into two categories-positive stakeholders, who will normally benefit from the success of the project, and negative stakeholders, who see some form of disadvantage coming from the project. The implications obviously are that the positive stakeholders would like to see the project succeed and the negative stakeholder's would be happy if the project was delayed or even better cancelled. Conflict usually occurs because of misunderstanding or wanting to do something different. The customer may want some feature in the product but the manager may feel its too late to accomodate hte request.
Are sponsors classified as stakeholders?
Yes, sponsors are considered stakeholders because they have a vested interest in the business doing well. Customers, vendors and investors are also stakeholders.
What are the relationship between project managers and line managers?
The relationship between project managers and line managers is that the project managers divide the work among the line managers and the line managers report to the project managers.
Stakeholders of salvation army?
The - People who need them - Managers - Employees -
Who are the stakeholders in a business?
The stakeholders in a business are any group that are interested in the success of the business such as: the owners, managers, suppliers and most of all the customers.
Who are the stakeholders in tourism planning?
As I've read in one article ("Maintaining destination competitiveness"), tourism stakeholders are, for example, government and tourism industry managers.
Explain the difference between internal and external stakeholders?
Internal stakeholders are employees, Directors,Managers, Shareholers and trustees. while external stakeholders include Funders, Suppliers, Customers/Clients and posibly competitors
Who are internal stakeholders in a bank?
01.employees 02.shareholders 03.managers/management
Who are the internal stakeholders in bank?
01.employees 02.shareholders 03.managers/management
Who are the internal stakeholders in a bank?
01.employees 02.shareholders 03.managers/management
Why are stakeholders important to sainsburys?
Many shareholders work through brokers who, in turn, work through trust management funds. Though a list of individual and companies that invest directly may be available the total number of private investors will not be known. In any case is will be many thousands.
How can you reduce resistance to change?
managers are responsible of this situation so they should inform all stakeholders about any chqnge in an organization
The guiding practices and beliefs through which a particular company and its managers view their responsibility toward their stakeholders are called?
These guiding practices and beliefs are referred to as a company's corporate social responsibility (CSR) or corporate responsibility. It encompasses how a company conducts its business in an ethical and sustainable manner, considering the impact on various stakeholders such as employees, customers, communities, and the environment.
Who are the 7 critical stakeholders in business?
7 dwarfs.... ok the real answer is customers, employees, owners/managers, sharholders, government, environment and suppliers.
How stakeholders affect the organization's decision?
They choose the managers of the organization and offer the salaries and compensations, set goals. For important decisions, they vote to reach an agreement.
