A. Identify our stakeholders:
• Project management team
• R&D team: researchers, Ph.D. doctors
• Marketing team
• Suppliers (raw materials for packaging)
• Agencies for advertising
• Government support
• Top management
• Project sponsors
• Hospitals & other customers
B. Prioritize our stakeholders
C. Understanding our key stakeholders
Understanding our key stakeholders helps us target what they want and narrow down our goals which increases our performance.
2. Keys to Success
• Team Structure- Building a proper team that is apt for the work becomes a major key to success, because the success of the project depends on the performance of the team.
• Conflict Management- Making sure that there are no differences among the team helps us run the team smoothly and this leads to a better performance.
• Team Meetings- Regular
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Key Performance Indicators-KPI’s
• Economic and business performance- All the costs that involves R&D, labor, material costs, workforce, taxes, profits etc,.
• Creating value for our investors and shareholders- Our stakeholders and investors are our main resource of success, so keeping them happy becomes a key factor.
• Creating value to patients, payers, healthcare professionals and institutions- The whole point of the project is to reach patients, to satisfy them and help organizations.
• Commitment to our employees- Keeping our employees happy will keep the company happy as you treat your employees well and they will end up treating their jobs well.
• Commitment to our suppliers- We live by our deadlines, then our suppliers will live up to theirs, so suppliers are important to keep the business running.
• Safety health and environmental protection- Our work cannot affect the surrounding environment and it becomes a key factor to make sure the personnel safety and the environmental safety is protected.
• Contribution to society- Charity, donations to social causes, and other ways where our work is socially helpful to
Every business has stakeholders, people who influence and are influenced by the business. Target works to ensure that all stakeholders are part of their mission and culture. According to Target’s website, they know that their stakeholders have a monumental influence on their company. That is why they listen to their needs, ideas, and concerns (Target, n.d.). A few of their different types of partners include: education, environmental, well-being, safety and preparedness, responsible sourcing, and diversity and inclusion partners.(Target, n.d.). Target identifies with many different partners that help improve Target’s reputation and overall connection with society.
the long run. The customers are also an important stakeholder as they hold a high expectation on
Conflict results from real or perceived opposition to one’s values, actions, desires or general interests. Conflicts may occur internally or externally between individuals or groups; conflict within a team environment can cause frustration, and occasionally anger. However, conflict resolution can also often generate positive results for the team. Conflict management skills remain in demand; conflict may be managed successfully by reaching an agreement that satisfies the needs of both the individual(s) and the team as a whole
Sandra Sanchez is a vice principal for Los Santos High School. She has been approached by the principal of Los Santos and the superintendent to head up a pilot to implement the Common Core standards. Sandra was selected given her experience with the bilingual makeup of the district, and her work on her PhD in assessment. In addition the district had decided to bring in an outside design consultant, Vincent Peters, to assist Sandra in developing the training courses and assessment that will be used in the pilot at Los Santos. Given these dynamics it is apparent that the client is the Los Santos High School. It could be debated that Sandra is the client, but since she will be assisting in the full design process of both the training and the assessment she falls more into the designer classification. Vincent’s role is solely the designer of the training and assessment he will just have support from Sandra in doing so.
Conflict Levels – Effective teams maintain a perfect level of negative and positive conflicts. At times disagreement is encouraged to lessen the likelihood of groupthink.
Team has to agree on the methods to which conflicts can be resolved within the group, this has to be addressed as soon as possible to enhance team cohesion and progress team effort towards achieving its goals.
Employees are the most important asset of an organization and organization has the responsibility to keep happy, motivated and satisfied so that their interest does not diminish in work. Moreover, when employees are kept happy and satisfied then their productivity rises as they feel that the company has given them the importance.
The importance of health and safety requires that employees, other persons at work and members of the public be given the highest level of protection against risks to their health and safety that is reasonably practicable in the circumstances.
They are concerned about the company’s profitability and stability, which affect the ability of the company to pay salaries and provide employee with benefits. They may also be interested in its financial position and performance in regards to their career development opportunities.
Stakeholders can have interests, opinions and views who are formed from the businesses aims and objectives.
The most important aspects of the project include the budget and the schedule. When presenting the project theory to the key stakeholders and decision makers of a organization, “how long will it take” is one of the main questions or concerns. This is very important in case the health care facility needs to shut down during the project or if there are modifications that have to take place. In the case of the project that I choose there is no need to shut down the health care facility or cause any major modifications, only minor changes will be made. When looking at the roles, the schedule is ultimately left up to the director, manager, and assistant manager. The director would be the one to make the final changes and improvements that are needed for the schedule before it is presented to the key stakeholders.
To deliver superior value to the customer , shareholder , employee and the society at the large.
The stakeholders in the story are the people of Omelas who chose happiness over the suffering of one child and the child who suffers, locked up in a room with no access to proper care and sufficient food. Only a few of the townspeople get to socialize with the child but only to the extent that they gawk at his or her presence.
In today’s markets and global interactions, organizational leaders must consider the complexities of engaging with multiple stakeholder interdependently as well as simultaneously. Accountable leaders are aware that mutual interactions benefit both communicators during a positive woven relationship. Moreover, the ability to create a network of stakeholders also promotes organizational energy for all involved. Promoting valuable and lasting relationships also includes promoting agendas that helps the needy as well as the world. These helping relationships networks apply from volunteering to raise money for HIV and Aids too promoting human rights agendas. These stakeholder frameworks provide for key interconnections that promote the
Commitment and involvement- the team should be able to understand the goals and should be committed in achieving them