PLEASE REBUTTAL, RESPOND AND ANSWER EACH OF THE FOLLOWING QUESTIONS OR POST STATEMENTS. MUST BE 150 WORDS (PLEASE), WRITE IN 3RD PERSON. ONLY ONE REFERENCE CAN BE USED FOR EACH ANSWER. MUST BE 150 WORDS (PLEASE), WRITE IN 3RD PERSON.
DQ1. Organizations must ensure a proper balance in differing stakeholder values by exercising good corporate citizenship. Companies should first take inventory of why they are vested in the company and how well they align or misalign with the company's values and goals. Some challenges organizations face is making sure ethical behavior is practiced and stakeholders are environmentally friendly. It is the role of corporations to communicate and build lasting relationships that last while making it work for all involved. Lawrence and Weber (2014) noted that though global citizen requires values, it must also be supported and backed with actions. Having values is pointless if it is not demonstrated with actions. Furthermore, companies that are actively involved will discover ways to improve, modify, or change its' existing practices and may even discover new opportunities to expand their business line; however, it begins with a relationship built on trust and respect.
Lawrence, A. T., & Weber, J. (2014). Business and society: Stakeholders, ethics, public policy (14th ed.). New York, NY: McGraw-Hill/Irwin
DQ2. The major challenge that organizations face when attempting to balance differing values is trying to ensure everyone is happy with the arrangements. Since no stakeholder can realistically expect to get everything they want it is essential that all parties work together to facilitate a path forward. In order for this type of progress there must be a significant level of trust between all stakeholders to ensure that every member of the team is given the opportunity to voice concerns, and work together to alleviate as much contention as possible. Alexander, Miesing, and Parsons (2005) highlight the value of trust by noting that "Trust between the organization and the stakeholder was also deemed important for these types of decisions" (p. 5). Organizations must build a rapport with stakeholders if they want to be successful in the future. That does not necessarily meaning giving into every stakeholder demand, but rather giving stakeholders a fair opportunity to voice concerns, and then working with these various parties to identify a common middle ground that everyone can agree on in the long run.
Alexander, C. S., Miesing, P., & Parsons, A. L. (2005). How important are stakeholder relationships? Academy of Strategic Management Journal, 4, 1-7.
DQ3. It is not uncommon for stakeholders to form partnerships across organizations. One motivation to form a partnership is common interest or controversial issues. The manager of an organization must keep the lines of communication open and keep abreast of the stakeholders aligned with their organization when formation of other partnerships are entered into. The manager should asses the amount of involvement and influence the stakeholders has. The power of their influence will it be supportive or detrimental by the formation of this partnership. If the partnership is comparable and beneficial to the overall success of the organization and those interests are clearly defined then there shouldn't be an issue.
The role of the stakeholder in a partnership across the organization has to be one that will enhance the relationship and be beneficial to the success of the organization. The power to influence can impact the relationship positively or negatively depending upon the interest the stakeholder has in partnering across organizations. The partnership can be effective if it will enhance the relationship, improve the perception and achieve the objectives established by the organization. The stakeholder's interest must be valued by the manager and the interest respected.
Heath 1997 stipulates the importance of the quality of the stakeholder relationship with the organization be respected. The stakeholders ideas may differ from those of the organization that is why the open lines of communication or important. The manager must establish the interests the stakeholders have in partnerships across organization to have a clear picture of the power they have to influence the organization in a positive or negative manner. The legal, ethical and success of the organization must always be the manager main focus. The manager needs to know if the partnering will help to enhance or improve the organization. The manager has to focus on the quality of the relationship and be able to address any potential problems or issues.
References
Alexander, C. S., Miesing, P., & Parsons, A. L. (2005). How important are stakeholder relationships? Academy of Strategic Management Journal, 4, 1-7.
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Business and Society: Stakeholders, Ethics, Public Policy
https://gcumedia.com/digital-resources/mcgraw-hill/2014/business-and-society_stakeholders-ethics-public-policy_ebook_14e.php
Caughlan, L. M. (2002). How stakeholder roles, power, and negotiation impact natural resource policy: A political economy view (Doctoral dissertation).
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