MGMT 1000 Study Guide - Final Guide: Stakeholder Analysis, Photocopier, Getgo

• School: York University
• Department: Management
• Course: MGMT 1000
• Professor: Jean Adams

Document Summary

Flat organization: managers make decisions, robotized production and mechanized factories doing physical work. Stakeholder analysis: is highly effective in ensuring long term sustainability, in a less structured environment where solutions to issues are needed. Keeping stakeholders in mind not only allows one to look at a situation in a different perspective for company"s benefits, but also discover to look at alternate ways to succeed. Seeing through different perspectives can help uncover new possibilities that we were simply not able to address. Frames of reference: it is important to look at situations with a different frame to get best out of the situations and clearly visualize what alternatives one has. Simply thinking about a situation can lead to a limited decision and not appeal to stakeholders who have the ability to influence the firm. For doing this, some companies try multiple perspective tests on their employees. While we need frames to understand our world, different frames help develop ideas.