What is creditors, employees, board of directors, owners/shareholders, customers, GVT, competitors, community, and suppliers
100
Interest Power and _________ is essential to beware of when working, leading, and attaining success with stakeholders.
What is Influence
100
________ is an example of a secondary(external) stakeholder
What is
Government
Local Community
Pressure Group
Association
Media
100
Another key role for the board is to ...(fill in the blank)
Monitor relations with shareholders and other____ ___________
What is key stakeholders
200
Stakeholders have limited interest and power that influence a firm’s decisions. True or False
False What is ...Stakeholders have various interest and power that influence a firm’s decisions.
200
Interest payment, loan payment is ________ interests
What is Creditors/Lenders
200
The following are a few of the what they do...
Review and approve strategic goals and plans
Review and approve organization’s financial standards and policies
Ensure the integrity of organization’s financial controls and reporting system
What is a board of directors
200
True or False... Who is the most affected by the issues or trends affecting your company is important.
What is True
300
_________ ___________ is only possible when management fully understands the needs and interests of these stakeholders.
What is : Managing strategically is only possible when management fully understands the needs and interests of these stakeholders.
300
Market share, advantage is _______ 's power/influence
What is competitors
300
What is/who are responsible for every decision and outcome, top management plays a most significant role in strategic management process
What is a Role of Top Management
300
Salary/wage, job satisfaction, working conditions, motivation, job security are the __________ interest
What is Employee's
400
What issues or trends in business environments directly affect the stakeholders?
What is Key Question that stakeholders must ask themselves in vetting all matters.
400
_________ ________ _______ is the Community stakeholder is focus
What is Social responsible actions
400
Customers
Competitors
Business partners,
Suppliers
Creditors/ lenders
make up which primary stakeholder's
What is external
400
______________affect and are affected by the organization’s actions, decisions, policies, practices, or goals
What are the Stakeholder's
500
Understand _______ ________ interest/power/influence and their changes over time is critical in achieving and sustaining competitive advantage.
What is Understand stakeholders interest/power/influence and their changes over time is critical in achieving and sustaining competitive advantage.
500
Sales, revisit, word of mouth is _________ this stakeholder's power/influence
What is Customer
500
CEO, Chief Executive Officer
COO, Chief Operating Officer
CFO, Chief Finance Officer
CIO, Chief Information Officer
are ....
What is Top management
500
_______ __________ is defined as the process by which managers of the firm analyze the internal and external environments for the purpose of formulating strategies and allocating resources to develop a competitive advantage in an industry that allows for the successful achievement of organizational goals.”