Managing Stakeholder Relationships
Key Players (high importance)- 200 Words, 4 citations
Define who are key players (high interest/high power)
Identify 2 external stakeholders who are key players for Toyota Motor Corporation
For each key player, provide a justification with a referenced example why this stakeholder is considered to be a key player ie. High interest/high power
Use Raven and French’s bases of power to explain the stakeholder’s type of power
Identify one stakeholder from this quadrant and show how your company collaborated with this stakeholder on a strategic issue (Eg. Going into a new market/diversification, developing new innovations, outsourcing/dispersion of production strategy, acquisition of new plant/machinery, delayering/downsizing, product recalls, going public ie. selling shares on the stock exchange, adopting a green strategy, product modification etc.)
How did Toyota Motor Corporation collaborate with this stakeholder to arrive at the strategic decision? Provide evidence of the collaboration showing the stakeholder’s high importance
Conclude this section by stating that this stakeholder was very important to the company/played an important role in the strategic decision and that the stakeholder could apply pressure if their needs are not met
State whether in future this stakeholder could shift quadrants and the importance (power) of this stakeholder could fall. Say why with evidence
