Successful entrepreneurs understand their business must remain strong or everyone in the organization will be out of a job. They need to recruit and retain strong team members and develop delegation skills. Essentially, you will never catch an entrepreneur saying that’s not MY job!
- Discuss Internal Stakeholders and provide specific examples:
- Who are the major stakeholders who work within (internal) the business?
- Discuss several retention strategies aimed at keeping these key players on the team.
- Discuss External Stakeholders and provide specific examples:
- How do suppliers and vendors support the business’ competitive strategies?
- Does a deep dependency of external stakeholders put businesses in a vulnerable position? What can they do to avoid being under the ‘control’ of external suppliers/vendors?
- PLEASE INCLUDED REFERENCES!