JEREZ 8.2 Written Analysis Critical Thinking Questions.docx - 1 Name Jerez Amsyar Student ID 2390191 MGMT 371(Leadership 8.2 Written Analysis Critical

JEREZ 8.2 Written Analysis Critical Thinking Questions.docx...

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1 Name: Jerez Amsyar Student ID: 2390191 MGMT 371 (Leadership) 8.2 - Written Analysis: Critical Thinking Questions Chapter Eleven 1. As leaders make strategic decisions, they must balance the interest of the various stakeholders- employees, customers, shareholders, suppliers, unions, activists, and the community. Describe the best approach for this. Give your own example of a firm doing this. Leaders must make strategic decisions and balance the interest of the various stakeholders- employees, customers, shareholders, suppliers, unions, activists, and the community. One of the best approaches for this would be to do a stakeholder’s analysis prior to starting the project. This will help strategic leaders to “anticipate, envision, maintain flexibility, think
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2 strategically, and work with others to initiate changes that will create a viable future for an organization” (Lussier & Achua, 2013). As people work together, they may also have to complete projects and tasks. Even when jobs come to a close, it is common courtesy and professionalism to take the proper action when closing out a project. Although it may be easier to send out an email or other forms of written correspondence explaining all of the assignments, plans, and actions taken by a team, I believe that all projects should be formally closed. In my experience, the project manager (leader) would be the one to orchestrate stakeholder analysis and close out a task. This has to be done so that the project’s overall
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