solution

Explain the concept of “stakeholder management.” Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders?

Question 2:

Read chapter 1 “Insights from Executives: The Strategic Management Process” by Usman Ghani.

For your organization (or the organization that you would like to work with) what do you feel are the most important points that he makes that can enhance its strategy and operational effectiveness? Explain why.

(You might address such concepts as leveraging both success and failure for active learning, attitudinal and behavioral pitfalls, experimenting with inclusive ideas, developing self-awareness, the role of ethics and values, etc.)

Question 3:

Select a company that competes in an industry in which you are interested. What are some of the recent demands that stakeholders have placed on this company? Can you find examples of how the company is trying to develop “symbiosis” (interdependence and mutual benefit) among its stakeholders? (Use the Internet and library resources)