Managing Stakeholder Relationships (Scenario)
Natasha has been hired by Virtual Screen Corporation, a manufacturer of custom window coverings and retractable screen doors. Virtual Screen has recently been having problems with some of their major stakeholders. Some suppliers have been shipping poor quality materials, and customer complaints are increasing. Natasha has been hired to help resolve the current issues and to develop a plan for managing other stakeholder problems in the future.
-Natasha determines that managers of high-performing organizations ________.

Question

Quizplus · Accepted Answer

Managers of high-performing organizations tend to consider the interests of all major stakeholders, as they understand that satisfying the needs and expectations of stakeholders is essential for the success of the organization. This approach leads to greater collaboration and cooperation among stakeholders, which ultimately benefits the company. Ignoring stakeholders or focusing solely on internal efficiencies can lead to stakeholder dissatisfaction and ultimately harm the organization's reputation and success. Innovation and consideration of public pressure groups may be important factors but are not the primary focus of stakeholder management.