Discuss Step 1 of Stakeholder Analysis: Determining Influences on Strategy

question 81

Essay

Discuss step 1 of stakeholder analysis: Determining Influences on Strategy Formulation.

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Definitions:

Informal Groups

Groups that are formed naturally within the workplace based on personal relationships and common interests rather than structured, organizational mandates.

Emerging Groups

Newly forming or evolving groups, often in the context of social movements, trends, or within organizational settings.

Cross-functional Team

A team composed of members from different functional areas of the company working towards a common goal.

Cross-functional Teams

Groups composed of members from different departments or areas within an organization, working towards a common goal.