Saturday, June 8, 2019

Stakeholders and Organizations Essay Example for Free

Stakeholders and Organizations EssayStakeholders are persons or groups that affect or are affected by an organization. They fulfill many roles within organizations. What is the most authoritative role stakeholders play in an organization? Why? How do stakeholders acting in this role influence the organizations mission, vision, and strategy?The answer to this question depends to a coarse degree who the stakeholder is and whether it is a market or nonmarket stakeholder (Lawrence Weber, 2011). However, in general, it seems that power and influence go hand-in-hand in terms of the most significant role(s) a stakeholder may potentially play in an organization. These two dynamics form the basis for the level of interest a stakeholder has when seeking to affect the organization. Based on the power, influence, and interest of a stakeholder, Boutelle (2004) went so far as to state that, Projects will succeed or fail primarily based on the actions of people who care enough to pit or op pose them (para. 19). This statement centers on this theme of power, influence, and interest.Thus, if there is enough generated interest in organizational issues which can exert a strong irritation of power and influence amongst diverse stakeholders, the organizational leaders will take notice and respond accordingly. This is known as the salience of a stakeholder and is a hypercritical component of how they are viewed and defined by an organization (Mitchell, Agle, Wood). A stakeholder who is able to effectively parlay their power and influence can have a big(a) impact in how that particular organization conducts business on many levels which, in turn, may create some rethinking and reposturing of the mission, vision, and strategy of an organization. It is certainly in the crush interest of the organization to build strong relationships with their many stakeholders so as to add value to their overall brand and image (Lawrence Weber, 2011).ReferencesBoutelle, J. (2004). Unders tanding stakeholders for design success. Boxes and Arrows. Retrieved from http// Lawrence, A. T., Weber, J. (2011). patronage and society

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