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First the relationship is reciprocal, a manager can be a stakeholder and a stakeholder can be a manager.
A stakeholder is any person with a interest in the project. It might be the CEO of the company, a manager, a client, etc... Sometimes, there are conflicting motivations between the stakeholder that wants profit and manager that wants leisure and security, these motivations are called agency problem. Solutions to Agency Problems: · Compensation as incentive. · Extending to all workers stock ,bonuses and grants of stock. · Making workers act more like owners of the firm
What else can I help you with?
What is a primary stakeholder?
The Project Manager is usually the primary stakeholder in a project. Other important stakeholders are the customer (for whom the project is being executed) and the project sponsor
What are the key differences between a coordinator and a project manager in terms of their roles and responsibilities within a project team?
A coordinator typically focuses on organizing tasks and resources, ensuring smooth communication, and tracking progress. A project manager, on the other hand, is responsible for overall planning, decision-making, risk management, and stakeholder communication. The project manager has a broader scope of authority and accountability compared to a coordinator.
How do you design stakeholder management strategies?
The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders
What is Stakeholder Management Strategy?
The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders
How does the stakeholder management strategy assist in managing stakeholders?
The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders
Write down in brief the dilemma that might exist between the stakeholder and the manager?
Write down in brief the dilemma that might exist between the stakeholder and the manager?Read more: Write_down_in_brief_the_dilemma_that_might_exist_between_the_stakeholder_and_the_manager
Difference between customer and stakeholder?
stakeholder customer
What are the release dates for The Music Hall Manager's Dilemma - 1904?
The Music Hall Manager's Dilemma - 1904 was released on: USA: April 1904 USA: July 1904
What is a primary stakeholder?
The Project Manager is usually the primary stakeholder in a project. Other important stakeholders are the customer (for whom the project is being executed) and the project sponsor
What is a sentence for dilemma?
It was a dilemma when I had to choose between my sister and brother to save them from the fire.
How do you make sentence with dilemma?
It was a dilemma when I had to choose between my sister and brother to save them from the fire.
What are the duties of an IT manager?
The IT Manager is mainly responsible for the ongoing program of IT services. He's also responsible for procurement, stakeholder management, and can oversee projects.The IT Manager also has a lot of other duties, but above are the main ones.
What is correct spelling for dilemma?
dilemma noun a situation in which a difficult choice has to be made between two or more alternatives.
What is the difference between a dilemma and a conflict?
the difference between a dilemma and a conflict is that a conflict is the main problem or the problem you find at the beginning of a piece of literature and the dilemma is the problems you get while coming to a climax of a story
Stockholder in financing?
what is the differentation between stockholder,stakeholder and shareholder?
Can you give me sentences for the word dilemma?
It was a dilemma when I had to choose between my brother and sister to save them from the fire.
What is a good sentence for the word dilemma?
Having to choose between my friends and my family left me in a dilemma.
