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There are many factors which have an effect over corporate strategy other than the organisations stakeholders which can influence the management decision process and the corporations strategy. The most influential external factors which will effect the organisations strategy are those included within the PESTEL framework and ethical issues within the marketplace, internal factors will mainly include the organisations history and culture.
When discussing strategy there are generally 3 different ways in which it can be looked at, known as the strategy lenses which classify a corporations strategy into 3 types; Design, Experience and Ideas.
A Design strategy is one which requires managers to be rational decision makers , each decision aiding the companies economic interests. This approach allows managers to assess complex decisions with the aid of analytical and evaluative tools, these types of organisation may look to Porters 5 forces, PESTEL, SWOT analysis and the Ansoff......
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Title: Management Of Stakeholders
Approximate Word Count: 2517
Approximate Pages: 11 (250 words per double-spaced page)
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Management Of Stakeholders
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