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SECTION 2: MANAGERS, LEADERSHIP AND DECISION MAKING - Coggle Diagram
SECTION 2: MANAGERS, LEADERSHIP AND DECISION MAKING
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MANAGEMENT CALCULATIONS
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expected value
(first possible outcome x likelihood of outcome) + (second possible outcome x likelihood of outcome)
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STAKEHOLDERS
stakeholder mapping
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meet their needs
high level of power, low level of interest
kept informed and up to date in order to avoid potential conflicts and enhance the reputation of the business
key player
high power, high interest
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show consideration
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need to be consulted and if possible have their level of interest increased to avoid potential future conflicts
stakeholders are people, groups, organisations that have an interest in the business
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