BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -It becomes obvious that an understanding of stakeholders’ needs and expectations is crucial to success: “the project management team must … manage and then influence those [stakeholder] expectations to ensure a successful project” (p. 15).
Detailed explanation-2: -So the statement that a stakeholder own legal shares of company assets is incorrect. Shares only derive their value from the assets of the company but it does not mean that stakeholders own assets of the company.
Detailed explanation-3: -Stakeholders influences the decision making process. They ensure that the organizational work environment remains dynamic, stimulating, and rewarding and there are good working conditions available in the organization so that the organization can perform well.