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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.
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What causes conflict between employees and stakeholders?
As you probably know, stakeholders are the owners of the company. The employees work for the company and are compensated as such. Ideally, everyone gets along--employees feel appreciated through their pay and work, and stakeholders reap profits. Conflicts occur when the trust breaks down. Specifically, a shareholder may want to take money out of the company (in a dividend, for example), and the employees may feel a bonus for employees would be a better use of the money. The most common example I can think of is company expenses: stakeholders want a lean-and-mean company, and employees would enjoy more money be spent for their sake--higher benefits, award programs, etc. If these problems continue, both sides lose. A company without decent employees will not make money for the stakeholders, and eventually they will have to lay off employees because there is not enough money to pay them. That equals no money for stakeholders and no jobs/money for employees. A smart company will find a way to align the stakeholders and employees desires. Give employees some ownership in the company, or at least give them bonuses for running a tight ship. One thing to remember is that Shareholders and Stakeholders are not the same thing. They both have different meanings and different purposes
What causes conflict between employees and managers?
Managers tell employees what to do. Sometimes employees don't want to do it. Ways to minimize conflict, include; 1. as far as practical let employees choose their own tasks. Some people like some jobs more than others. Get people who like jobs doing them. 2. Hold parties and company picnics and the like in which management does nice things for employees (such as cook for them). This will cause staff to like their supervisors to some extent. 3. Offer some sort of stock options or profit sharing plan, so that the employees to some extent have the same interests as the company, and thus more motive to work for the good of the company. 4. Try to avoid hiring Stupid Stupids to manage your company.
What are the forces that causes the managers to act in the interest of the shareholders?
There are many forces which will tend to create a convergence between the interests of stockholders and managers, and thus cause managers to be interested in maximizing a corporation's profits or value: a. Competitive pressures could lead to stock price declines for nonperforming company, and again result in take overs, proxy contest, etc. b. In many corporations, management remunerations are tied to the performance and managers frequently are awarded stock options which gain value as the price of shares rises. Thus, managers will have an interest in maximizing stockholder welfare. c. Corporate shares are not only owned by widely dispersed stockholders but by large institutional holders such as: banks, insurance companies, mutual funds, pension funds, etc. These organizations employ analysts who continually study stock performance. Nonperforming companies would be sold from these institutions' portfolios, and lead to decreased prices of these stocks. This could lead to the dismissal of present management.
What are the key components to consider when conducting a business post mortem analysis?
When conducting a business post mortem analysis, key components to consider include identifying the root causes of failure, evaluating the effectiveness of strategies and decisions, assessing the impact on stakeholders, and developing actionable insights for future improvement.
Why conceptual skills important in management?
Conceptual skills are crucial in management because they enable leaders to see the bigger picture and understand complex situations. These skills help with strategic planning, solving problems, and making decisions. Managers can identify patterns, analyze trends, and anticipate challenges. Managers can guide organizations toward sustainable success.
What is conflict analysis?
Conflict analysis is a methodical examination of the causes, dynamics, stakeholders, and potential impacts of a conflict situation. It helps to identify underlying issues, power dynamics, and potential strategies for resolution or management. Conflict analysis is crucial for developing effective interventions that address the root causes of conflicts.
Ares of conflict between congress and the president?
Refer to: What are the main causes of conflict between the President and Congress?
What are common causes of conflict between husband and wife?
Money can be one of the most common causes of conflict in the family. Divorce rates show that it is one of the top causes.
What was the conflict between gabriel and maria concerning antonio's future?
the family's in between state causes a great deal of conflict between Gabriel and his wife.
What are the causes of conflict between the state and religion?
POWER! Both want it.
What are the main causes of conflict between the president and Congress?
Members of Congress often have ideas very different from the president about what constitutes desirable public policy.
What were the causes of the conflict between Rome and Carthage?
Over control of the Western Mediterranean.
Is zionism the cause of the conflict between Israel and Palestine?
Zionism is certainly one of the causes of the Israeli-Palestinian Conflict. It is not the only cause of the conflict and is also not the most important cause of the conflict.
What causes Managerial conflicts?
Possibly a personality clash, managers should be focusing on needs and not who won the last 'contest'. In addition managers clash when they are unable to identify the problem, what is the cause of the problem. It could be a manager from another department, for example. Managers are unable to discuss the range of suggestions that may solve the difficulties and thus unable to reach an amicable solution. In fact, some managers causing conflict may need to be excluded. All managers should have skill, knowledge and the best interests of the organisation in the forefronts of their minds. This can also suggest that conflict management, when under control, can be a necessesity
What is Fundamental causes of conflict?
Fundamental causes of conflict can include differences in values, beliefs, interests, or goals between individuals or groups. Other common causes include competition for resources, power struggles, miscommunication, and perceived injustices. At the root of many conflicts is often a lack of understanding, empathy, or compromise between the parties involved.
What are the causes of conflict of human behavior?
Causes of conflict in human behavior may include misunderstandings, differences in values or beliefs, competition for limited resources, power struggles, and individual personality traits such as aggression or defensiveness. These factors can lead to disagreements, tension, and ultimately conflict between individuals or groups.
What are the causes of the Israeli Conflict?
Which Israeli conflict is the question referring to? -- Click the link to read the answer to that question.What are the causes of the Arab-Israeli Conflict? -- referring to the wars that Israel has fought with different Arab States like Egypt, Jordan, Lebanon, Syria, and Iraq, inter alia.What are the causes of the Israeli-Palestinian Conflict? -- referring to the Israeli problems with endemic Palestinian Arabs who live in the West Bank and the Gaza Strip.What are the causes of Conflicts between Religious and Secular Jews in Israel? -- referring to political wrangling between different parts of the Israeli electorate (most often Secular Jews vs. Religious Jews) that causes disagreements in Israeli policy.
