Stakeholder engagement can mean the difference between success and failure for a particular project or for an entire organization. Ample research has been presented in the field of business on the ben

Stakeholder Engagements

Student’s Name

Institutional Affiliation

Stakeholder Engagements

The Scope of the Strategic Plan

The methodology incorporates focusing on a specific area of ability where there is a robust social gathering as in any other organization. Besides, we are specialists in the introduction of innovative items, mainly through conveyance channels.

Name of the Company: XYZ Technologies

Mission: To Satisfy Every Customer

Vision: To Stretch Out All Over the World

The Strategy’s Theme: The Technology Service Everyone Needs

Who to be Involved for the Strategy Implementation to be Successful

In the organization, there is a need to involve every employee as they play a significant part in the business. According to Patterson, Warr, and West (2004), employees contribute significantly to the productivity of a company, especially if they have a stable job satisfaction. Therefore, involving workers in this strategic plan will make them feel that they are part of the business and they are appreciated as well. Furthermore, an employee helps in achieving the objectives of the clients who are administrators in a more prominent organization and sometimes pioneers of a medium-sized company. Due to this reason, the strategic plan will lift a significant association that will allow access to new markets across the world. To achieve this goal, the organization will need to satisfy customers who will return for more products all the time (Dyer, Godfrey, Jensen, & Bryce, 2016).

How I will Communicate with the Stakeholders

As the CEO of the XYZ Technologies Company, I would communicate with the stakeholders by first displaying the objectives and then coming up with the plan strategy. To exhibit the objectives as specialists, it is crucial to be established by talking about the events of the industry, become cited in an essential exchange squeeze, and getting affirmation. Moreover, there is a need to reference customers by name and contact to the business.

In the plan strategy, it is crucial for the company to ensure that it gains as many customers as possible. To achieve this, XYZ Technologies must focus on well-picked potential clients around the world. Furthermore, the company may not be after every possible potential customer, but there is a need to have those who are more grounded and they can value the quality of products. Although the firm concentrates on vertical markets, it is extensively characterized. Therefore, its aptitude and understanding are essential when associated with the entrance period of the market of the innovative items that need to be advertised. To achieve this aim in new markets, it is crucial to develop new connection channels.

The Communication Channels That I Will Use

To ensure that the company will gain “buy-in” to this initiative system-wide, it is essential to use all the communication channels available to reach clients within the country as well as abroad. By doing so, the firm will achieve the goals set for the business. The following are the communication channels to be used in this strategic plan:

• The internet and search engines

• Television adverts

• Trade fails

• Radio outrage

• Exhibitions and shows

Therefore, with all these communication channels and any guiding, it is apparent that the plan will lead to a successful and repeat business. Although it might not be necessary to use the marketing slogan to attract more clients, much can be expected in noteworthy events and reports made about the business. Additionally, as we are recognized specialists in different fields, there is a need to become developed.

References

Dyer, J. H., Godfrey, P., Jensen, R., & Bryce, D. (2016). Strategic management: Concepts and tools for creating real world strategy. Hoboken, NJ: John Wiley & Sons.

Patterson, M., Warr, P., & West, M. (2004). Organizational climate and company productivity: The role of employee affect and employee level. Journal of Occupational and Organizational Psychology, 77(2), 193-216.