Please answer the following question in 250 words count in your own words. If using internet source please add at the end of question.
Discuss the following:
What involvement does management need to have to achieve buy-in from internal and external stakeholders?
Stakeholders buy-in is the process to get everyone in the decision making process in order to have agreement towards organizational goals and long term plan. Internal stakeholders are the ones who work directly with the business (for example, business owners, managers, team members, etc.) and offer ideas for business accomplishments. Whereas, external stakeholders does have interaction with business from outside and their buy-in helps in getting new ideas, plans and appropriate strategies. These could be potential vendors, customers, etc. To achieve each stakeholders buy-in , it becomes important for management to have continued engagement which helps to have open communication among all the levels of stakeholders either internal or external. Continuous engagement helps in getting timely feedback in case of any improvements required in business operations, practices or processes. It also generates various opportunities to have the healthy organizational structure which would help in long term profits. Management need to build trust with all the stakeholders in terms of letting them know that their concerns are heard and appropriate actions are taken. Management should involve relevant stakeholders in the business planning process. For example, involving external stakeholders in the new product development whereas internal stakeholders can be involved in human resources initiatives or in new policy making. Management should involve potential stakeholders in the decision making process and make sure that all the decisions taken are understood by all and are transparent in nature. Having said that the potential stakeholders offers “valuable strategic objectives” for the overall business direction. Hence, management should plan for stakeholder’s buy-in from the beginning so that stakeholders’ availability can be accommodated throughout the business cycle and stakeholders should showcase their willingness to support management.
Please answer the following question in 250 words count in your own words. If using internet...
Please answer the following question in 250 words count in your own words. If using internet source please add at the end of question. Discuss the following: What involvement does management need to have to achieve buy-in from internal and external stakeholders?
Please discuss the following question in 250 words count in your own words please use internet and add reference at end of question but make sure that it is in your own words. Discuss the following: What are your thoughts about the validity of a strengths, weaknesses, opportunities, and threats (SWOT) analysis in strategic planning?
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Please answer the following question in 350 words count in your own word please add reference from internet source or google scholarly at the end of the question This assignment will require you to consider several influences to the budgeting process of a health care institution. Here, you will review payer mix and other influences to revenue as you consider revenue factors for the budget. Complete the following for this assignment: • Assess the differences in health care budgeting as...
Please answer the following question in 350 words count in your own word please add reference from internet source or google scholarly at the end of the question This assignment will require you to consider several influences to the budgeting process of a health care institution. Here, you will review payer mix and other influences to revenue as you consider revenue factors for the budget. Complete the following for this assignment: • Take into consideration that reimbursement can be affected...
Please answer the following question in 350 words count in your own word please add reference from internet source or google scholarly at the end of the question This assignment will require you to consider several influences to the budgeting process of a health care institution. Here, you will review payer mix and other influences to revenue as you consider revenue factors for the budget. Complete the following for this assignment: For a health care organization of your choice (real...