Stakeholder Relationship Management

Stakeholder Relationship Management

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topic name- Stakeholder Relationship Management and its influence on Management Decision Making. General Framework Relationship management is one of the highest level managerial functions. Use an example to illustrate poor relationship management and the outcome that resulted from it. Outline the four step approach to stakeholder relationship management recommended in your textbook. Individual Components Construct an example to illustrate good stakeholder relationship management. Using your example: 1. Define the general external environment of your example, identifying stakeholders within it 2. Define the specific external environment of your example, identifying stakeholders within it 3. Discuss how the multi-advocacy approach to stakeholder relationship management would assist managers in decision making which is sensitive to managing stakeholder relationships…. {{{ DETAILS REGARDING WRITTEN REPORT}}} The final report on your topic will be written up as a seminar report (worth 15%) and submitted to your lecturer by the end of the semester. You may incorporate ideas generated in the live presentation. The written report should begin with the broad research topic which is followed by each individual component identified by the individual student who prepared it. Organisation of the research report A key ingredient to writing a successful report involves the planning or organising stage. Organising can help you to sort out your ideas and to present your report in the order that communicates best to your readers. Organisation is the procedure of constructing an outline that acts as a plan for your writing task. An outline forces you to think before you write. Your essay is to be structured and written as a business report. It, therefore, must begin with a Management (or Executive) Summary within which you state in stark form (i.e. unsupported by argument) what you are asserting in this report and you must do that in less than two pages. As already stated above, you begin the main body of the report with some general background on the broad research topic. This introduction should end with a brief paragraph outlining the plan of the rest of the essay. What follows is the specific issues of each individual component which were considered. As for any good business report these components should be structured into sections and sub-sections and the heading for these should be in the Table of Contents. In these individual components the in-depth discussion of the relevant issues is elaborated based on the existing literature and/or data. You must provide in-text references to your sources. The last section of the report contains a brief summary followed by a complete list of references that are cited in the text of the essay. Follow a standard referencing method consistently.