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    S#8 Strategic Management Unit-1 by Prof. Vivek V. Wankhede

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    Prof. Vivek V. Wankhede
    The document discusses stakeholders management and strategic management. It provides definitions of stakeholders as individuals or groups that can affect or be affected by a company. Internal stakeholders have a direct relationship through employment or ownership, while external stakeholders are indirectly affected. A stakeholders analysis map shows the power and effect of stakeholders on strategic decisions. Engaging stakeholders requires determining the appropriate channel, method, frequency and level of engagement. The document is presented by Professor Vivek Vinayakrao Wankhede on the topics covered in previous classes related to strategic management.

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    S#8 Strategic Management Unit-1 by Prof. Vivek V. Wankhede

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    Prof. Vivek V. Wankhede
    73 views16 pages
    The document discusses stakeholders management and strategic management. It provides definitions of stakeholders as individuals or groups that can affect or be affected by a company. Internal stakeholders have a direct relationship through employment or ownership, while external stakeholders are indirectly affected. A stakeholders analysis map shows the power and effect of stakeholders on strategic decisions. Engaging stakeholders requires determining the appropriate channel, method, frequency and level of engagement. The document is presented by Professor Vivek Vinayakrao Wankhede on the topics covered in previous classes related to strategic management.

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    Stakeholders Management

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    The document discusses stakeholders management and strategic management. It provides definitions of stakeholders as individuals or groups that can affect or be affected by a company. Internal stakeholders have a direct relationship through employment or ownership, while external stakeholders are indirectly affected. A stakeholders analysis map shows the power and effect of stakeholders on strategic decisions. Engaging stakeholders requires determining the appropriate channel, method, frequency and level of engagement. The document is presented by Professor Vivek Vinayakrao Wankhede on the topics covered in previous classes related to strategic management.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    73 views16 pages

    S#8 Strategic Management Unit-1 by Prof. Vivek V. Wankhede

    Uploaded by

    Prof. Vivek V. Wankhede
    The document discusses stakeholders management and strategic management. It provides definitions of stakeholders as individuals or groups that can affect or be affected by a company. Internal stakeholders have a direct relationship through employment or ownership, while external stakeholders are indirectly affected. A stakeholders analysis map shows the power and effect of stakeholders on strategic decisions. Engaging stakeholders requires determining the appropriate channel, method, frequency and level of engagement. The document is presented by Professor Vivek Vinayakrao Wankhede on the topics covered in previous classes related to strategic management.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    Department of MBA

    Strategic Management

    Topic: Stakeholders Management

    Presented By:
    Prof. Vivek Vinayakrao Wankhede
    Assistant Professor in Dept. Of MBA
    MBA(Marketing + HR), MA (Psychology-p), BE(Bio-Medical), B.Ed
    Department of MBA
    In our Previous Class#1
    • Strategy Evolution at Bharti Airtel
    • Evolution of Strategic Management / Business Policy
    • Perspective Schools
    •Descriptive Schools
    • Integrative schools
    • Ansoff / Toffler
    • 4 Fundamental Questions (Rumelt)
    • Ultimate Focus
     Internal Environment
     External Environment
    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    In our Previous Class#2
    • Concept of Strategy
    • Complex(a lot many things)
    • Simplified (achieving objectives)
    • What my real student will do?
    • Limitations of Strategy
    • SBU / SBA
    • Corporate Level/ Business Level/ Functional Level
    • Societal Level / Operational Level

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    In our Previous Class#3
    • Strategic Management Definition
    • Decision Making
    • 2 Major Dimensions of Decision Making
    • Control
    • Performance
    • 4 Field Grid of type of decision
    • Importance of Decision making
    • Effective Ways of Strategic Decision Making

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    In our Previous Class#4
    • Strategic Management Definition
    • 5 Phases of Strategic Management
    • Examples of SM
    • Key elements of SM
    • Levels of SM

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    In our Previous Class#7
    • Strategic Management Definition
    • Sustainability; Corporate Sustainability
    • Profit Maximization Vs Sustainability
    • TRIPLE Bottom line; People, Planet, Profit
    • TRIPLE Bottom line; Equity, Environment, Economics
    • 3 types of capital; Social, Natural, Economic

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    Strategic Management Definition
    the dynamic process of
    • formulation
    • implementation
    • evaluation and
    • control of strategies
    to realize organization’s strategic intent

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    Definition of Stakeholders
    A stakeholder is a person or group with an
    interest in an enterprise.
    “A party that has an interest in a company and can either
    affect or be affected by the business”
    The primary stakeholders in a typical corporation are
    its investors, employees, customers, and suppliers,
    communities, governments, and 
    trade associations.
    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    Internal Stakeholders
    Whose interest in a company comes through a direct
    relationship, such as employment, ownership, or
    investment.

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    External Stakeholders
    Who do not directly work with a company but are
    affected somehow by the actions and outcomes of
    the business. Suppliers, creditors, and public groups
    are all considered external stakeholders.

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA

    STAKEHOLDERS vs. Shareholders


    A shareholder has a financial interest, but a
    shareholder can also sell their stock in the
    company; they do not necessarily have a long-
    term need for the company and can usually get
    out at any time.

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA
    Stakeholders Analysis Map
    Power of Stakeholders over Strategic Decisions
    Unknown Little / No Power Moderate Significant
    Degree of Power Power
    Effect of Unknown
    Strategy on Little or No
    the Effect
    Stakeholder Moderate Effect
    Significant Effect

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA

    Stakeholders Engagement
    The process of fostering effective relationships
    with the stakeholders’
    Channel
    Method
    Frequency
    Level of Engagement

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Department of MBA

    B Y P R O F. V I V E K V I N AYA K R A O WA N K H E D E
    Reference: Department of MBA
    Azhar Kazmi, 5th Edition

    https://www.investopedia.com/terms/s/stakeholder.asp#toc-issues-concerning-stakeholders

    THANK YOU
    Presented By:
    Prof. Vivek Vinayakrao Wankhede
    Assistant Professor in Dept. Of MBA
    MBA(Marketing + HR), MA (Psychology-p), BE(Bio-Medical), B.Ed

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