Retrieved from https://studentshare.org/management/1608237-cal-week-6
https://studentshare.org/management/1608237-cal-week-6.
The literature synthesis of week six’s module involved an examination of the different ideas regarding the concept of stakeholder management. This activity was carried out throughout the week and there was also a discussion of the strengths and limitations of the use of the stakeholder management approach within organizations during the process of strategic management and decision-making (Marquardt and Marquardt, 2011, p. 99). There was an assignment on posting a literature review to the discussion relating to the stakeholder management approach. The assignment involved the critical identification of key arguments, new insights into the articles, and the application of the literature review to a personal experience (Pedler, 2011, p. 16).
I have learned a number of things from both the readings and the class members. First, I have learned that managers have the complex task of making sure that their actions satisfy all the interest groups of an organization. This has expanded my understanding as to why managers need to avoid being biased in order to avoid conflicts of interest (O'Neil and Marsick, 2007, p. 88). Second, I have also learned that managers are required to be the ethical manner in order to achieve fairness in addressing the issue of fairness among different stakeholders. This is because they have the duty of preserving and serving the interests of all the stakeholders of the organization. Third, I have come to appreciate the importance of teamwork in discussing week modules. I had a number of discussions with class members and this improved my understanding of the module. I have also learned that people have different interpretations of common literature material. This is because class members would post different ideas on the discussion board. This offered the best opportunity for learning (Kember, 2000, p. 34).
The concepts from the classroom have been very helpful during the learning module. I have applied the concepts from classroom lessons to solving real-life problems. For instance, the concept of the stakeholder management approach can be used in solving conflicts of interest among members of a team. That’s exactly how I applied the classroom concepts to real life (Rigg and Richards, 2006, p. 12). There were instances when members of my team would disagree over an issue but we would reach a solution that would best benefit every member of the group. I have also applied concepts from class in solving problems presented in case studies. I can confidently state that I am having positive progress because there has been a lot of improvement in the assessments and this is a good sign that I have understood what has been taught in class. However, the recent changes in literature reviews have made it very difficult to understand various concepts presented in class. This is because some authors have developed new and conflicting ideas
Read More