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Secondary stakeholders are usually external stakeholders, although they do not engage in direct economic exchange with the business – are affected by or can affect its actions (for example the general public, communities, activist groups, business support groups, and the media).
Internal stakeholders can be considered the first line of action when it comes to implementing decisions in a company, due to the fact that they have direct influence on its organizational resources. [2] The classification of internal stakeholders can be divided into three categories: shareholders, managerial employees, and employees ...
Project stakeholder management is considered as a continuous process, [2] specifically a four-step process of identifying stakeholders, determining their influence, developing a communication management plan and influencing stakeholders through engagement. [3] Within the field of marketing, it is believed that customers are one of the most ...
Market environment and business environment are marketing terms that refer to factors and forces that affect a firm's ability to build and maintain successful customer relationships. The business environment has been defined as "the totality of physical and social factors that are taken directly into consideration in the decision-making ...
Three principal clusters of task-planning and communication form the backbone of business and the activity of business organizations. These include management communication, marketing communication, and organizational communication. Management communication takes place between management and its internal and external audiences.
A favorite phrase of Japanese business planners is hito-kane-mono, standing for people, money and things (or assets). [1] This combination reflects the belief of some Japanese business planners that streamlined corporate management is achieved when these three critical resources are in balance without surplus or waste. For example: cash over ...
Marketing strategy refers to efforts undertaken by an organization to increase its sales and achieve competitive advantage. [1] In other words, it is the method of advertising a company's products to the public through an established plan through the meticulous planning and organization of ideas, data, and information.
Strategic management processes and activities. Strategy is defined as "the determination of the basic long-term goals of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals."