Question: Maximum of 10 pages (3,000 words)
Suggested limits are as follows:
- Management Summary: ideally one page but no more than two.
- Sections 1: Introduction 400-600 words,
- Section 2: Main body of the essay consisting of each of the individual components limit each component to approximately 500 words each,
- Sections 3: Conclusions 100-300 words,
- Summary and Complete List of References (5-15 references- that depends on your topic).
Topic: 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.
Step 1: Identification of stake holder
Step 2: determination of interest or concern
Step 3: Deciding critical stake holder
Step 4: Formulate specific approaches to manage relationship
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