Assignment: Stakeholder Engagement in Business Strategy Development.
Assignment: Stakeholder Engagement in Business Strategy Development
Stakeholder engagement can mean the difference between success and failure for a particular project or for an entire organization. Ample research has been presented in the field of business on the benefits of stakeholder engagement in strategy development and management. By developing a foundational understanding of stakeholder engagement, strategic planners can be prepared for challenges and opportunities within an organization.
To prepare for this Assignment, consider the following scenario:
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You wonâ€™t have to worry about the quality and deadlinesOrder Paper Now
You are the CEO of a technology firm that is eager to produce innovative products required to perform well against the fierce competition. Your board of directors has requested that you prepare the firm for a new strategic plan that will incorporate dramatic shifts in organizational structure and business unit systems. It is your job to think about how the stakeholders in the organization might respond to these new initiatives. Be sure to consider the information presented in â€śCase 12: Lincoln Electric: Aligning for Global Growth,â€ť provided in this weekâ€™s Required Readings, as well as examples from your professional experience.
By Day 7
Submit a 5- to 7-page briefing that details the new strategic plan. Your plan should include the following:
- The name, mission, and vision of your fictitious company
- The strategy name for the new product launch, including the strategyâ€™s theme or marketing slogan
- Who in the organization needs to be involved for this strategy implementation to be successful
- How you will communicate to your stakeholders â€śwhatâ€™s in it for themâ€ť regarding the upcoming initiatives
- A description of the communication channels you will use as the CEO to ensure the company will gain â€śbuy-inâ€ť to this initiative system-wide
Note: Be sure to use the APA Course Paper Template (6th ed.), found in this weekâ€™s Learning Resources, to complete this Assignment. Also, refer to the Week 5 Assignment Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work.
Please Note: For each page of your paper, you must include a minimum of two APA-formatted scholarly citations.