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ManagementThey make the final decision in the company and implement them. They can also causechanges in the plan of the organization. They support action plan.OwnersThey are directly affected by the decision made by the organization. Since they are the people who offer financial assistance, there is every need to involve them in decision making. They are mostly likely to support any action plane. EXTERNAL STAKEHOLDERSSuppliersThey are the persons who supply raw materials to the organization. Therefore, their actions affect the action plan of the organization. So, the company should involve them in decision making. ShareholdersThey assist the performance of the organization through offering liquid finance. If they decide to sell their shares unexpectedly, it will affect the action plane of the business.Customers They keep on changing their needs. As a result, they are mostly likely to oppose the motion plane of the company. Maintain the level of interest and engage Manage closely involve in projects and decision on a regular bases.
the stakeholders through consulting them. Ensure you move them to the right though it may be a risk in the management ideas. Have low priority and monitor through minimal effort.Keep on informing the stakeholderson your activities. Consult the groupthrough involvement. Low High Stakeholders Criteria used to access the coalition’s actual and potential performance Our sense of their judgments about our performance Very good Ok Poor Ethic Physical capability Training and evaluation Age Gender ConclusionTherefore, there should be a transformational leadership which is best postured to run the business, and it starts from the premises. Also, it suggests that if you bring together
the appropriate people in a constructive way with useful information, they will create authentic visions and strategies for addressing the shared concern of the organization (Dugan, 2016). As a result, it helps in reducing opposition to the action plan of the firm. A behavioral theory of leadership is the assumption that aid in building a coalition in the business. It shows how their behaviors affect the business. Democratic leaders are the best since they allow the stakeholders to contribute to decision and action plan development. Therefore, firms should adopt a policy that allows all parties concerned to contribute to work plan development. ReferencesDugan, J. P. (2016). Leadership theory. Placed of publication not identified: New York: John Wiley & Sons.OVERALL COMMENTS FROM PROFESSOR FOR THIS ASSIGNMENT:You provide for helpful overview interms of your review as to the roles assumed by the various stakeholders from a general perspective. However, I am unclear as to how these leadership areas relate to and/or align withthe a specific problem that area that is theoretically under consideration. Although you