Why do stakeholders have conflict?
Stakeholder conflict arises when the needs of some stakeholder groups compromise the expectations of others. A business has to make choices which some stakeholders might not like.Click to see full answer. In this way, what are the conflicts between stakeholders?Conflicts arise when the decisions are opposite to the interests of the above stakeholders. They may…
Stakeholder conflict arises when the needs of some stakeholder groups compromise the expectations of others. A business has to make choices which some stakeholders might not like.Click to see full answer. In this way, what are the conflicts between stakeholders?Conflicts arise when the decisions are opposite to the interests of the above stakeholders. They may then attempt to use their power and political influence, to discredit the decision and eventually change it according to their interests.Likewise, how stakeholders might have different objectives? The major stakeholders in a company include shareholders, government, employees, customers and creditors/bondholders. They have different objectives and goals based on their diverse interests in the firm. Each stakeholder looks to protect his own interests by ensuring his objectives have been met. One may also ask, how do you resolve conflict between stakeholders? Six Ways To Manage Conflicts Between Stakeholders 1) Listen, don’t speak. Sometimes it’s best to just be quiet. 2) Provide a forum for resolution of the conflict. 3) Look for the win-win. 4) Bend the laws of reality. 5) Advocate but don’t choose sides. 6) Get help. How there could be conflict between the stakeholders of a fast food retailer?Discuss how there could be conflict between the stakeholders of a fast food retailer. Answers could include: Candidates might initially identify different stakeholders associated with a fast food retailer such as owners, employees, local communities, customers, governments, shareholders.
