Question

What is an example of the stakeholder (network effectiveness) approach for evaluating organizational effectiveness?

a) Measuring the organization's impact on the environment.
b) Analyzing the organization's relationship with suppliers and customers.
c) Ignoring the influence of external stakeholders.
d) Focusing solely on financial metrics.

Answer 1

The stakeholder (network effectiveness) approach for evaluating organizational effectiveness involves analyzing the organization's relationship with suppliers and customers.

Step-by-step explanation:

The stakeholder (network effectiveness) approach for evaluating organizational effectiveness involves analyzing the organization's relationship with suppliers and customers. For example, in the context of a manufacturing company, stakeholders might include the suppliers of raw materials and components, as well as the customers who purchase the company's products.

By analyzing these relationships and their impact on the organization's performance, the stakeholder approach provides insight into how effectively the organization is meeting the needs and expectations of its stakeholders.