ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What would be the most appropriate action to take to engage with a group of low interest/low power stakeholders?
A
‘Pull’ Communications
B
Consultation
C
Participation
D
Partnership
Explanation: 

Detailed explanation-1: -High power, less interested people (Keep Satisfied): put enough work in with these people to keep them satisfied, but not so much that they become bored with your message. Low power, highly interested people (Keep Informed): adequately inform these people, and talk to them to ensure that no major issues are arising.

Detailed explanation-2: -You must manage the high-power and high-interest group with the utmost care. You must keep the high-power and low-interest stakeholders satisfied. You should keep the low-power and high-interest stakeholders informed. You should monitor the low-power and low-interest groups, as they require the least effort.

Detailed explanation-3: -Low power – High interest: keep these people adequately informed, and talk to them to ensure that no major issues are arising. These people can often be very helpful with the detail of your project. Low power – low interest: monitor these people, but do not spend time and energy with excessive communication.

There is 1 question to complete.