Key Characteristics Of A Stakeholder - 1533 Words

Key Characteristics of a Stakeholder There are three methods to describe a stakeholder, the primary, secondary, and key stakeholder. The primary stakeholders are the individuals or groups that can be affected in a positive or negative way. The strength of a stakeholder action within an agency, institution, or organization can bring a positive effect to regulate the benefits of one group or may have a negative effect on another individual or group. For an example of an apartment is rent control this mean that the tenant will benefit and not the owner/landlord (Halbert Ingulli, 2012, p.373). Next, secondary stakeholders are individual or groups are indirectly affected, either positive or negative actions of an agency, institution, or organization. A program to reduce gang violence on our African American youth. For example, this would have a positive effect on emergency room staff by decreasing the number victim they see due to gang violence. This may require more officers on the street to help them handle gang violence. Both of individuals or groups would be secondary stakeholders (Halbert Ingulli, 2012, p.373). Lastly, key stakeholder, who might belong to either the primary or secondary groups, are those who can have a positive or negative effect on an organization. The Chief Executive Officer (CEO) of an organization, for example PharmaCARE, might be a key stakeholder, but so might the sponsor/healer who works directly with consumers. Other examples of a keyShow MoreRelatedThe Purpose of Leadership in Healthcare Essay1336 Words   |  6 Pagesthe vision and coordinating and balancing the conflicts interests of all members and stakeholders. On the other hand, a leader is a person who influences a group of people in order to achieve certain goal. According to Oliver, (2006), leader is an individual who has an ability to demonstrate a specific set of role of behaviours in order to influence the others behaviours and attitudes. There three factor or keys that necessary to obtain a goal, which are the person, people, and purpose. FigureRead MoreWhy Do We Use Different Types Of Contracts On Projects?1045 Words   |  5 Pages 2.1 CONTRACT ESTABLISHMENT Why do we use different types of contracts on projects? â€Æ' 2.2 LEARNING OBJECTIVES At the end of this section you will be able to: †¢ Describe the typical contract types †¢ Explain key elements that govern contract type selection †¢ Explain the key principles of agreement between Reliance and the contractor â€Æ' 2.3 CONTRACTS TYPES †¢ Lump Sum – Contractor is required to provide upfront for all risks and costs for performing to contract defined requirements; ContractorRead MoreBusiness For Social Responsibility ( Bsr )1278 Words   |  6 PagesCase Study 1: Stakeholder Mapping Introduction Business for Social Responsibility (BSR) is an international nonprofit organization that aims to â€Å"work with business to create a just and sustainable world† (BSR, 2014). To achieve this mission, BSR promotes collaboration and strategic planning in order to catalyze behavioral change (BSR, 2014). With a mission to drive social and environmental innovation, stakeholder analysis is a core competency at BSR. This organization has developed a five-step modelRead MoreStakeholder Analysis1520 Words   |  7 PagesGroups supported by the DGIS/TMF-BirdLife funding scheme Guidelines on Stakeholder analysis Contents 1. How to identify the stakeholders ................................................................................................................. 1 2. Stakeholder analysis.................................................................................................................................... 1 3. The Stakeholder Analysis Report .....................................................Read MoreStrategic Human Resource Management ( Shrm ) Essay1470 Words   |  6 Pages Baluch, A. M., 2011) in order to keep up with the ever-changing environments of non-profits due to political, environmental and/or social changes. NPOs are different than regular for-profit businesses as they have limited resources and more stakeholders. In order to remain competitive NPOs are re-evaluating their current management systems and are being heavily encouraged to consider the option of results-based management or strategic management. â€Å"Results-based management is a goal-driven, proactiveRead MoreOverview Of Methodologies. Effectuation . Effectual Reasoning1615 Words   |  7 Pageslook at bad news or feedback as potential opportunities (â€Å"What is effectuation?† 2011). 2. Strategic Partnerships - Building relationships with self-selecting stakeholders early on is key so you can co-create the market together (â€Å"What is effectuation?† 2011). Avoid doing a competitive analysis (Sarasvathy, n.d.). Additionally, target key companies instead of conducting broad market research. Developing pre-commitments reduces uncertainty in the future (Sarasvathy, n.d.). 3. Leveraging ContingenciesRead MoreHow To Communicate With Stakeholders In Crisis Communication Case Study1734 Words   |  7 PagesAs stakeholders play such an important role in shaping an organization’s reputation, this study now turns to define what a stakeholder is and how to communicate with stakeholders in the case of crisis. Many communication scholars (e.g. Cooper, 2003; Dougherty, 1992; Gray, Owen, Adams, 1996; Lerbinger, 1997) have asserted that stakeholders are a group of people, or public, that mutually influence an organization. Stakeholders are interested in particular organizations, and in turn, organizationsRead MoreIntegrative Project: Duke Childrens Hospital Case Analysis1018 Words   |  4 Pagesat that time since their rates of satisfaction greatly dropped followed by their productivity and the employee turnover became so great. Generally all the stakeholders to the hospital were affected negatively and in a manner that was open and noticeable. It called for a deliberate effort by the management as well as all the other stakeholders to take steps toward solving the crisis lest the hospital risked closure sooner. This was achieved through implementation of the comprehensive balanced scorecardRead MoreSample Resume : Box D1496 Words   |  6 PagesKEY PLAYERS- a) 1.Shareholders including investors, owners, partners, directors, people owning shares or stock, banks and anyone having a financial stake in the business b) 2. Employees including temporary and permanent staff and managers. KEEP STATISFIED a) Customers including clients, purchasers, consumers and end users- b) Suppliers including manufactures, service providers, consultants and contract labour c) Joint Collaborators KEEP INFORMED a) Society including people in the local communityRead MoreMng301 Strategic Management Possible Questions1462 Words   |  6 Pagesterm â€Å"a competitive advantage?† Provide an example (2) 3. Define the term â€Å"stakeholder† and name eight stakeholders that are associated with most firms (10) 4. Who are the most important stakeholders in an organization; the employees or the shareholders? Why? (2) 5. Differentiate between quantitative and qualitative decisions (2) 6. Briefly discuss the four key elements of the strategic management process (8) 7. Discuss five benefits