Stakeholder management - Evaluate different theoretical models of stakeholder management

8 important questions on Stakeholder management - Evaluate different theoretical models of stakeholder management

What does stakeholder management involve?

stakeholder management involves the process by which managers reconcile the objectives of a company with the claims and expectations of various stakeholder groups.

What are the three overall types of focus on stakeholder management?

1) focus on the generic approach towards a stakeholder
2) focus on the relationship
3) focus on the stakeholder network

Savage et al argued that strategies for managing stakeholders should be based on what two assessments?

1) the stakeholder's potential to threaten the organization
2) the stakeholder's potential to cooperate with the organization
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The savage et al. assessment on stakeholders on the level of threat or cooperation are based on which four factors?

1) involvement
2) monitoring
3) defence
4) collaboration

Friedman and miles suggested that strategic actions taken by organizations depend on two variables. Which two?

1) the compatibility of their interests
2) the nature of the connections between them

Friedman and miles groups stakeholder relations into four categories. name those four categories

1) defend
2) form relations
3) compromise
4) eliminate

The Rowley approach to managing stakeholders is based on which two factors?

1) the centrality of the company in the stakeholder network
2) the density of the network surrounding the organization.

What are Rowley's four roles in the stakeholder network?

1) compromiser
2) subordinate
3) commander
4) solitarian

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