a. fairness b. transparency. An individual or group that has shares in the business or is affected by the activities of the business. An individual or group that has active interest in a business or is affected by the activities of the business. Transparency can help all those included in your business environment maintain the same course for success. . Return on equity, or ROE, is a common profitability ratio used by many investors to calculate a company's ability to generate income from shareholders' equity or investments. They prioritize financial performance over all else. zachlilly. hold, sell, or buy more. Despite several years of unprecedented growth, the company wants to boost profits . Improving relationships. Owners and investors Stockholders of corporations need financial information to help them make decisions on what to do with their investments (shares of stock), i.e. Stakeholders in healthcare can include but are not limited to, patients, caregivers, doctors, nurses, unions, employees, employers, government, insurance companies, communities and pharmaceutical firms. economic social. Your internal stakeholders will want to see a burn report - hours forecasted vs. hours spent, and likely to be spent in the near future. We have completed over 130 multistakeholder projects at local, national, and international levels. Pavel works for a successful pharmaceutical company. What do stakeholders want above all else? 31 terms. They do not care for political squabbles, rivalries, plots, and intrigue. 3.1 Adopting a Stakeholder Orientation. Stakeholders in tourism development Related questions. fair treatment. answer choices A person with the main role of holding stakes for a business An individual or group that has active interest in a business or is affected by the activities of the business An individual or group that has shares in the business or is affected by the activities of the business A person who enjoys being around the business Question 6 Go through your notes after each stakeholder meeting. zachlilly. Key Takeaways. This list of stakeholders covers users, governance, influencers, and providers which all together go by the acronym UPIG. What do stakeholders want above all else? Despite several years of unprecedented growth, the company wants to boost profits . 4 Companies issue. They are the beneficiaries of the outputs. 3 Defining and Prioritizing Stakeholders. Users are the stakeholder-type of people who will use the products of your project or programme. This is how you guarantee that everyone is on the same page. 38 terms. fair treatment Other sets by this creator. . companies and industries that did not conform to business ethics. brittanyl489. Shareholders' interests are protected by several parties both within and outside the corporation. a. fairness b. transparency. It can be virtually anyone, as long as that person . zachlilly. brittanyl489. Fair treatment. zachlilly. PFP Final Exam. A person with the main role of holding stakes for a business. Sets found in the same folder. fair treatment Other sets by this creator. What do stakeholders want above all else? Limiting needless revisions and pointless back-and-forth communication means you waste less time that could be spent on important work. a. fairness b. transparency. You should be guided by their fears and their wishes. 31 terms. It becomes their effort, and they'll do their best to make it work. Fair treatment. Under the shared value creation framework, which of the following strategic actions would fail to connect economic and societal needs? Similarly, stakeholder management reduces friction. The board of directors is elected by the shareholders to govern the management team . What do stakeholders want above all else? 38 terms. Strategic Management Chapter 2. Related questions. Funds that pools the savings of many individuals and invests this money in a variety of stocks,bonds,and other financial assets Strategic Management: Midterm - Prof Lopez. fair treatment. Is the only responsibility of business to maximize profits, as Milton Friedman famously argued in 1970? Introduction. It's fair to everyone. This is how you get buy-in and avoid hearing weeks or months later: This isn't what we asked for. What the South African people want above all else is to see their quality of life improved. A stakeholder's role within an organization may be obvious or. Summary. fair treatment. In some cases, there are primary stakeholders on both sides of the equation: a regulation that benefits one group may have a negative effect on another. Prospective investors need information to assess the company's potential for success and profitability. If nothing else, being proactive about managing stakeholders encourages a more positive company culture. The shared value creation framework encourages managers to focus on which of the following needs? Want to read all 6 pages? A feeling of responsibility is developed within the good. Which of the following are critical aspects of maintaining good relationships between a firm and its stakeholders? QUESTION. a. fair treatment. They are the beneficiaries of the outputs. Create a map with 4 blocks of stakeholders according to their priorities. Many shareholders . checks and balances . A stakeholder is a person, group, or organization that can affect or be affected an organisation. 3.4 Corporate Social Responsibility (CSR) Key Terms. Some stakeholders (like the executive leads) may need a more formal type of communication, but less . The stakeholders an organization serves ought to be its customers, employees, society, the environment as well as those who deserve a just or fair share of the profits (the shareholders). Strategic Management Chapter 1. These stakeholders include customers, clients, employees, shareholders, communities, the environment, the government, and the media (traditional and social), among others. Users as Stakeholders. What do stakeholders want above all else? Corporate governance is a system of _____. What do stakeholders want above all else? So, as a software project manager, you should really focus on the stakeholders. Let's look at each of those in a bit more detail. They want jobs and opportunities to better themselves. Productivity and quality are generally high. The ideas of corporate social responsibility and stakeholder strategy are particularly prevalent in _____. fair treatment. 119 terms . It gains buy-in and support for the effort from all stakeholders by making them an integral part of its development, planning, implementation, and evaluation. fair treatment. 3.2 Weighing Stakeholder Claims. Leads by example; encourages participation; group decision- making, delegates authority. Improving relationships. Which of the following are critical aspects of maintaining good relationships between a firm and its stakeholders? Again, project tracking can be of great help here, as it allows you to keep everyone in the loop while saving your time. (Check all that apply.) Your stakeholders will want to know your understanding or interpretation of their requirements. New ideas and change are welcomed. The ideas of corporate social responsibility and stakeholder strategy are particularly prevalent in _____. And on the map, jot down the types of engagement and the types of communication you would want to use to inform or engage the stakeholder. Corporate governance is a system of _____. What do stakeholders want above all else? Our starting point is that shareholders care about more than just money. by teasing out specifically what is required and matching this with the available resources - time, money and person-power - the aim is to reduce the possibility of a project running out of steam for stakeholder engagement before it is concluded and to maximise the chances that the commitments made by researchers to stakeholders (the 'promise' Strategic Management Chapter 10. Stakeholders and the Software Project Manager's Problem. 3. (Check all that apply.) Defining The Stakeholders A stakeholder is a person with something at stake through the operation, growth or existence of a business. They want better basic services. Strategic Management: Midterm - Prof Lopez. PFP Final Exam. Remember, for every lot according to their priorities; you will choose the right way to communicate with them. Let's enumerate. Under the shared value creation framework, which of the following strategic actions would fail to connect economic and societal needs? Depending on the stakeholder and project type, some of your stakeholders will naturally be more engaged. Strategic Management Chapter 10. If nothing else, being proactive about managing stakeholders encourages a more positive company culture. A person who enjoys being around the business. To observe stakeholder theory, those involved . New ideas and change are welcomed. 3.3 Ethical Decision-Making and Prioritizing Stakeholders. 119 terms . Productivity and quality are generally high. A statement signed by almost 200 C.E.O.s, including JPMorgan's Jamie Dimon, says companies should focus on all stakeholders. In the recent history of management ideas, few have had a more profound or pernicious effect than the one that says corporations should be run in a manner that . What do stakeholders want above all else? By "consensus-building," I don't mean weak compromise; I mean stakeholders working hard to seek out win/wins for nature and all the different stakeholders and interests: looking for "both and" solutions and innovations. A new study by Expert Market, a B2B customer acquisition company, looked at average revenue per employee and found that, for the top 100 companies by revenue per employee, the average employee . Sets found in the same folder. This list of stakeholders covers users, governance, influencers, and providers which all together go by the acronym UPIG. Primary stakeholders are the people or groups that stand to be directly affected, either positively or negatively, by an effort or the actions of an agency, institution, or organization. They can be owners, shareholders, employees, bondholders of company issued debt (creditors), customers dependent on the business' success, or even suppliers or vendors of a product that depend on. Summary. 22 terms. economic social. Strategic Management Chapter 1. Pavel works for a successful pharmaceutical company. Project managers are notorious for overpromising on a project and under-delivering even when they know they are being overly optimistic. Strategic Management Chapter 2. What do stakeholders want above all else? a. fair treatment. What do stakeholders want above all else? What do stakeholders want above all else? andrew ross sorkin For as long as I covered the world of business, every. Want to read all 6 pages? 67. QUESTION. a. fair treatment. Users as Stakeholders. End of preview. They want to live, study and work in environments free of crime and violence. A stakeholder is an individual, or group of people, that all share a common interest in a project or organisation, and share an interest in its . Compassion: Attitude is everything. You might do a weekly high-level report for the clients via a personal email from the project manager. 22 terms. the processes for participation of all stakeholders are clearly stated and appropriate eg., there is a rationale for why some stakeholders are consulted while others are invited to become partners; stakeholders feel that their interests have been understood and taken into account; the multiple stakeholders involved are seen to be a balanced group Assessment Questions. Users are the stakeholder-type of people who will use the products of your project or programme. A shareholder is someone who owns stock in your company, while a stakeholder is someone who is impacted by (or has a "stake" in) a project you're working on. Leads by example; encourages participation; group decision- making, delegates authority. High-profile accounting scandals and the global financial crisis are examples of _____. Limiting needless revisions and pointless back-and-forth communication means you waste less time that could be spent on important work. Work turned in under these conditions tends to be sloppy, ill-tested . companies and industries that did not conform to business ethics. All stakeholders can have a say in the development of an effort that may seriously affect them. Mistake #2: Being unrealistic with your key stakeholders. Similarly, stakeholder management reduces friction. 67. a. fair treatment. End of preview. The requirements gathering process, also known as requirements elicitation, is a project management basic practice that uncovers, verifies, documents, and manages the various needs and requirements. They prioritize financial performance over all else. 36 terms. Keep the stakeholders involved. A feeling of responsibility is developed within the good. A stakeholder can be a project team member, an employee of the user organization, or a senior manager.

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