Influence factors of strategy


Term Paper, 2005

11 Pages, Grade: 1.8


Abstract or Introduction

Stakeholders are one factor which influences the strategies of organisations. This assignment evaluates how important they are. According to Johnson et al (2005) strategies are systematic plans to achieve the objectives of an organisation. They are the domain in which organisations operate and have a long term direction. Strategies are affected by an inconstant environment, the constellation of resources and competences and the expectations of stakeholders. There are a lot of other factors, but this essay will describe just these three with examples. However the main part is about stakeholders. The authors define stakeholders as one or more persons with specific interests in companies. The essay will explain the stakeholder analysis and their benefits. It will show how companies could identify, classify their interest groups and how these interests conflict. In the conclusion, the paper evaluates the importance of stakeholders for organisations and their strategies.

Details

Title
Influence factors of strategy
College
University of Sheffield
Course
Strategic Management
Grade
1.8
Author
Year
2005
Pages
11
Catalog Number
V49826
ISBN (eBook)
9783638461832
ISBN (Book)
9783656071549
File size
387 KB
Language
English
Notes
Question: The management of strategy involves many factors. The impact of the interests of stakeholders is just one. By comparison with the other factors, evaluate how important stakeholders are in strategic management.
Keywords
Influence, Strategic, Management
Quote paper
Stephan Lüdtke (Author), 2005, Influence factors of strategy, Munich, GRIN Verlag, https://www.grin.com/document/49826

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