Stakeholders in Effective Leadership
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Why is it important in effective leadership to have stakeholders?
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Solution Summary
This response discusses the different types of stakeholders and how they help in effective leadership to have stakeholders. It also provides two references to support the argument. The solution is 406 words in length.
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Leaders have the responsibility to deliver results to the stakeholders. By stakeholders, we mean the people or organizations that have a legitimate interest in the organization such as the investors, employees, suppliers, communities and customers.
Leaders need to create an atmosphere for their employees to work in a company that provides for their needs and wants in terms of their career as well as personal. To respond to this, they must be efficient in creating job assignments that help them develop their potentials and build their self-confidence as well as master their knowledge and skills. They always make sure the work environment is conducive and motivate ...
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