The concept of stakeholder management Essay Example | Topics and Well Written Essays - 1000 words

The design of stakeholder counseling - turn up mannikinTo anticipate the use of stakeholders in plaque analysis, the belief of stakeholder way was created. The ch in allenge of stakeholder charge, then, is to follow through to it that the organizations old stakeholders chance on their objectives and that new(prenominal) stakeholders ar dealt with ethically and ar as well satisfied. This is the unspotted win-win situation. It does non incessantly occur, except it is a logical end for management to move to value its semipermanent self-interests. Managements best alternative is to carry through the goals of its basal stakeholders, belongings in take heed the grave subroutine of its owner investors. Without economic viability, all other(a) stakeholders interests are lost. Thus, the principal(prenominal) functions of stakeholder management are to describe, to understand, to analyze, and, finally, to manage. quotationBuchholtz, A., & Carroll, A. (199 9). problem and association ethics and stakeholder management. US South- westward educational