Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Assignment: Individual Reflection: Stakeholder Support for Innovative Ideas

Truly innovative ideas are often met with resistance. Consider the large number of record labels and musicians who were initially opposed to the idea of selling digital music rather than physical CDs. Many record labels feared copyright violations or thought that no effective and reliable distribution method could be established, while many artists worried that the low price of digital music files would hurt their income. Ultimately, this resistance was overruled as the digital music revolution proved profitable and pushed musicians, labels, and consumers to adapt to the new ways music could be accessed, distributed, and purchased. How do you think the early years of digital music distribution might have gone differently if all the stakeholders in the music industry supported the innovation? This week's Individual Reflection will help you examine the influence of stakeholder support on innovative ideas.

For this Individual Reflection, identify a plan that you would like to implement within the next few months. Perhaps you are working on a plan toward achieving a goal in your personal or professional life, or maybe there is another, more short-term goal that you need a bit of extra help to achieve. Whether it is within the workplace or a personal area, consider how an innovation might span more than one department, function, or group. Consider your stakeholders as an Innovative Team. There will be stakeholders who seem willing to support your plan, are neutral to your plan, and a few who might be resistant to or against your plan.

Note: Consider the rubric and the expectations for exemplary work for this and all of your course assignments. Often, an exemplary level of work is considered innovative in the workplace. Using this mindset, complete the aspects of this Individual Reflection as if you are preparing a stakeholder report for a leader at your company (or a company with which you are familiar), a mentor, or a community leader.

In the solution development stage of the creative process, you will be taking your time to analyze and test several alternative solutions. You will be adjusting and analyzing potential solutions, all the while moving your team toward convergence. Using the text, consider Chapters 20 and 21 that includes the POINt tool and the Stakeholder Analysis tool (Applegate) which provide ideas and techniques to devise creative solutions. Also consider Long (2010) who emphasizes the importance of engaging stakeholders in meaningful ways to achieve project goals.

Submit your Individual Reflection in which you describe the plan that you would like to implement, including:

• Your list of the stakeholders whose approval/support will be necessary for your success. Take the time to ensure your list of stakeholders is as complete as possible.

• Considering the various stakeholder perspectives, identify what is important to each of the stakeholders on your list.

• Your assessment of the risks to your plan and impact of stakeholders with different goals and interests. Explain how you might manage the impact and address any risks that emerge.

• The specific details of the strategy, or strategies, you will use to align stakeholder interests in your plan, with your rationale as to why you think these will be successful based on your analysis of stakeholder perceptions and interests. (Hint: Strategies can include team-building exercises, conflict resolution methods, partnering, change management, best practices, etc. You will need to provide details to support your selected strategy or strategies.)

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92195127
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Business Management

Q1 define sexuality and discuss how it influences behaviour

Q1. Define sexuality and discuss how it influences behaviour at work Q5. What part do masculinity and femininity play in organizational life?

Economic home work explain the difference between cost in

Economic home work: explain the difference between cost in short run and long run, supporting your answer with graphs and examples where needed.

Decision support systemsnbspvary greatly in application and

Decision support systems  vary greatly in application and complexity, but they all share specific features. A typical Decision support systems has four components: data management, model management, knowledge management ...

Long-term objectives are defined as the result a firm seeks

Long-term objectives are defined as the result a firm seeks to achieve over a specified period, typically five years. Any long-term objectives should be flexible, measurable over time, motivating, suitable, and understan ...

What is the strategy of break talk are they succeeding or

What is the strategy of Break Talk? Are they succeeding or failing? Why?

In class we were discussing the importance of collaboration

In class we were discussing the importance of collaboration within a group structure. Can you help explain this concept to me.

Show examples of organizations that are more focused on

Show examples of organizations that are more focused on simply bringing in money to the organization and those that are more focused on building relationships. What are the differences in how they conduct fundraising act ...

Using a random sample of n 50 the sample mean is 2976

Using a random sample of n = 50, the sample mean is 297.6. Suppose that the population standard deviation is σ=12. Is the above statistical evidence sufficient to make the following claim that µ>295:

Original post share three policies that you are considering

Original Post: Share THREE policies that you are considering for your major assignment for the semester. These policies can be organizational (workplace, hospital, university), local (city/county), state or federal. For ...

1 blurred boundaries -- as organizations become more

1. Blurred boundaries -- As organizations become more laterally structured, boundaries begin to breakdown as different parts of the organization need to work more effectively together. Boundaries between departments as w ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As