How you will communicate to your stakeholders whats in it for them regarding the upcoming initiatives

Writer: for this assignment write 5 pages Assignment: Stakeholder Engagement in Business Strategy Development Stakeholder engagement can mean the difference between success and failure for a particular project or for an entire organization. Ample research has been presented in the field of business on the benefits of stakeholder engagement in strategy development and management. By developing a foundational understanding of stakeholder engagement, strategic planners can be prepared for challenges and opportunities within an organization. To prepare for this Assignment, consider the following scenario: You are the CEO of a technology firm that is eager to produce innovative products required to perform well against the fierce competition. Your board of directors has requested that you prepare the firm for a new strategic plan that will incorporate dramatic shifts in organizational structure and business unit systems. It is your job to think about how the stakeholders in the organization might respond to these new initiatives. Be sure to consider the information presented in Case 12: Lincoln Electric: Aligning for Global Growth, provided in this weeks Required Readings, as well as examples from your professional experience. By Day 7 Submit a 5- to 7-page briefing that details the new strategic plan. Your plan should include the following: The name, mission, and vision of your fictitious company The strategy name for the new product launch, including the strategys theme or marketing slogan Who in the organization needs to be involved for this strategy implementation to be successful A description of the communication channels you will use as the CEO to ensure the company will gain buy-in to this initiative system-wide Note: Be sure to use the APA Course Paper Template (6th ed.), found in this weeks Learning Resources, to complete this Assignment. Also, refer to the Week 5 Assignment Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work. Please Note: For each page of your paper, you must include a minimum of two APA-formatted scholarly citations. Week 5: Stakeholder Engagement Stakeholder engagement presents a challenge and opportunity of great importance within business strategy. When a company is able to establish strong relationships and trust with its stakeholders, it can utilize those relationships to inform ongoing strategy and achieve organizational objectives. There are a number of methods and tools available for collecting data about your stakeholders, including the SWOT analysis, which can provide valuable insight about your companys current strengths and future opportunities for connecting with stakeholders. A solid foundation of strategic planning approaches can allow for greater stakeholder engagement and organizational change. This week, you will analyze the role of stakeholder engagement in effective strategic planning. Also, you will synthesize different strategic planning approaches using organizational structure and business unit system changes. Learning Objectives Independent scholars will: Analyze the role of stakeholder engagement in strategic planning Identify communication strategies to ensure effective stakeholder engagement Synthesize strategic planning approaches that will incorporate organizational structure and business unit systems changes Photo Credit: [Lane Oatey/Blue Jean Images]/[None]/Getty Images Learning Resources Required Readings Dyer, J. H., Godfrey, P., Jensen, R., & Bryce, D. (2016). Strategic management: Concepts and tools for creating real world strategy. Hoboken, NJ: John Wiley & Sons. Chapter 13: Corporate Governance and Ethics (pp. 256273) Review Case 03: Intel (A): Dominance in Microprocessors (pp. C-22C-31) Review Case 05: Harley-Davidson: Growth Challenges Ahead (pp. C-45C-53) Review Case 06: Intel (B): Responding to the Smart Phone Threat (pp. C-54C-61) Review Case 09: Samsung: Overtaking Philips, Panasonic, and Sony as the Leader in the Consumer Electronics Industry (pp. C-82C-91) Case 12: Lincoln Electric: Aligning for Global Growth (pp. C-112C-118) Walden University. (2015). APA course paper template (6th ed.). Retrieved from https://academicguides.waldenu.edu/ld.php?content_id=7980596 Required Media Thompson, W. (2005). Effecting change through active engagement with stakeholders [Books24x7 version]. Retrieved from https://common.books24x7.com/toc.aspx?bookid=38399 Note: The approximate length of this media piece is 6 minutes. Accessible player Thomson, Wendy. ( 2005). Effecting change through active engagement with stakeholders. [Books24x7 version] Available from https://common.books24x7.com/toc.aspx?bookid=38399. Optional Resources Chebiyyam, M. V. V. N. S., & Saxena, K. B. C. (2012). Simbhaoli Sugars Limited: Innovating farmer communication services (Case No. 9B12E010). London, Ontario: Ivey Publishing. Collins, M. (2015). Making your votes count: Creating a game plan for strategic workforce analytics in HR. Workforce Solutions Review, 6(6), 3234. Retrieved from https://www.ihrimpublications.com/index.php Weil, M., & Reddin, C. P. (2015). Boldly go: Character drives leadership at Providence Healthcare (Case No. 9B15C002). London, Ontario: Ivey Publishing.

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