Stakeholder Management Concepts
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Questions and Answers

The stakeholder model is centered around engaging with stakeholders for both instrumental and normative reasons.

True (A)

The concept of stake refers only to legal claims of ownership.

False (B)

The stakeholder model emerged primarily due to increased government regulations on corporate activities.

True (A)

A culture with a high power distance tends to emphasize equal distribution of power within its society.

<p>False (B)</p> Signup and view all the answers

Contractors belong to the category of 'Community Stakeholders'.

<p>False (B)</p> Signup and view all the answers

Stakeholder management prioritizes integrating management approaches across various departments to engage with stakeholders effectively.

<p>False (B)</p> Signup and view all the answers

A culture that is considered 'masculine' tends to value traits like assertiveness and competition.

<p>True (A)</p> Signup and view all the answers

Collectivist cultures prioritize individual freedom and independence over group obligations.

<p>False (B)</p> Signup and view all the answers

Stakeholder collaboration emphasizes "buffering" the organization from stakeholder interference in its internal operations.

<p>False (B)</p> Signup and view all the answers

A high uncertainty-avoidance culture generally welcomes ambiguity and risk.

<p>False (B)</p> Signup and view all the answers

The "new" approach, stakeholder collaboration, is associated with short-term business goals.

<p>False (B)</p> Signup and view all the answers

A society with a long-term orientation values immediate gratification over future investments.

<p>False (B)</p> Signup and view all the answers

An indulgent culture encourages the suppression of personal needs and emotions.

<p>False (B)</p> Signup and view all the answers

Paralinguistics, kinesics, and proxemics are examples of macro-cultural aspects of communication.

<p>False (B)</p> Signup and view all the answers

Hall's model categorizes cultures as either high-context or low-context, based on their communication styles.

<p>True (A)</p> Signup and view all the answers

Hofstede's model explores the dimensions of cultural variability, including power distance and individualism vs. collectivism.

<p>True (A)</p> Signup and view all the answers

Standardisation has no disadvantages.

<p>False (B)</p> Signup and view all the answers

The table suggests that paid media can be used to directly advertise the organization.

<p>True (A)</p> Signup and view all the answers

The degree of homogeneity of stakeholders across countries is a factor that influences the choice and degree of standardisation or adaptation.

<p>True (A)</p> Signup and view all the answers

The table shows that the table's creator believes controlled Twitter accounts are a good method of engaging stakeholders.

<p>True (A)</p> Signup and view all the answers

Greater consistency of the communicated corporate and/or brand identity is a disadvantage of standardisation.

<p>False (B)</p> Signup and view all the answers

The table suggests that earned media can be used to generate traffic to an organization's owned media.

<p>True (A)</p> Signup and view all the answers

The text uses an example of McDonald's to illustrate the advantages of full adaptation.

<p>False (B)</p> Signup and view all the answers

Viral spread of content might be considered a type of earned media.

<p>True (A)</p> Signup and view all the answers

Barilla's strategy is an example of using full standardisation to achieve global communication.

<p>False (B)</p> Signup and view all the answers

The ability of the media to diffuse messages to a wide audience is known as 'media control'.

<p>False (B)</p> Signup and view all the answers

Paid media and earned media can be used to generate traffic to the organization's owned media.

<p>True (A)</p> Signup and view all the answers

The rate of illiteracy and poverty does not affect media diffusion.

<p>False (B)</p> Signup and view all the answers

The text mentions that the existence of 'gatekeepers' between the media and other organizations influences 'media diffusion'.

<p>False (B)</p> Signup and view all the answers

Lower managerial complexity is a disadvantage of standardisation.

<p>False (B)</p> Signup and view all the answers

Lower costs due to economies of scale is a disadvantage of standardisation.

<p>False (B)</p> Signup and view all the answers

A country's political system has minimal influence on a corporation's communication strategies.

<p>False (B)</p> Signup and view all the answers

Understanding a nation's level of economic development is important when tailoring communication strategies.

<p>True (A)</p> Signup and view all the answers

The presence of activist groups in a country does not significantly impact corporate communication.

<p>False (B)</p> Signup and view all the answers

A corporation's communication strategies should be sensitive to a country's religious values.

<p>True (A)</p> Signup and view all the answers

The existing corporate communication culture in a country is irrelevant to successful communication adaptation.

<p>False (B)</p> Signup and view all the answers

Media ownership structures have no significant impact on corporate communication.

<p>False (B)</p> Signup and view all the answers

The level of literacy within a country does not impact the effectiveness of communication strategies.

<p>False (B)</p> Signup and view all the answers

Understanding the different communication channels available in a country is essential for effective communication.

<p>True (A)</p> Signup and view all the answers

A company can effectively implement communication strategies without considering the level of media access for different segments of society.

<p>False (B)</p> Signup and view all the answers

The success of communication strategies is independent of the ability to disseminate messages effectively.

<p>False (B)</p> Signup and view all the answers

Study Notes

Corporate Communications Intro

  • Corporate communications is the way businesses and organizations communicate with internal and external audiences.
  • Key areas include media relations, sponsorships, crisis communication, CSR communication, and international/intercultural communication.

Corporate Communications 1

  • Definitions:

    • Management function coordinating internal and external communication.
    • Purpose of establishing and maintaining reputations with stakeholders.
  • Characteristics & Concepts:

    • Broader focus on the organization as a whole.
    • Integrated approach addressing all key stakeholders.
    • Focus on building, maintaining, and protecting reputation.
    • Combines managerial and tactical activities.

CorpComm Key Concepts

  • Mission: General expression of the organization's purpose, aligning with stakeholder expectations.
  • Vision: Aspiration; desired future state of the organization.
  • Corporate Objectives: Overall aims aligned with the organization's purpose.
  • Strategies: Means to achieve objectives.
  • Corporate Identity: Organization's profile and communicated values.
  • Corporate Image: Immediate impressions of an organization.
  • Corporate Reputation: Collective representation of an organization's image over time.
  • Stakeholders: Individuals or groups affected by or having influence on the organization.
  • Market: A defined group for whom a product is in demand.
  • Communication: Tactics and media used to communicate internally/externally.
  • Integration: Coordinating communication to consistently convey the corporate identity.

Corporate Communications 2 (Development)

  • Phase 1 (Industrial Revolution 1930s): era of mass production characterized by a need for organizational communication officers, organized publicity, advertising, and a gullible public.
  • Phase 2 (1930s-1980s): public skepticism towards big business, rise of marketing and PR departments as separate disciplines.
  • Phase 3 (1980s-Present): integration of PR and marketing into a single corporate communications function.

Corporate Communications 3 (Organization)

  • Evolution of communication disciplines: from distinct, to complementary, to integrated.
  • Strategic Role of the CorpComm Officer (CCO): manages internal and external communications; central figure in coordinating communication of an organization.

Corporate Communications 7 and 8 (Media Relations)

  • Media relations are a key communication aspect to establish and shape brand perceptions.
  • Media relations help to create, strengthen, and shape public opinion.
  • The need for media relations is critical for reputation and public perception of the company.
  • Journalists need interesting, verifiable information, or “newsworthy” items.
  • Successful communication efforts have awareness, trust, and a good understanding of the news environment; effective presentation of stories and understanding of needs of various stakeholders.

Corporate Communications 10 (CorpComm Strategy & Planning)

  • Process of Communication Strategy involves bringing stakeholder reputations in line with the organization's vision and values.
  • Enhances reputations of important stakeholders, aligned with the organization's vision.
  • Communication strategy is the combination of tactics and activities, affecting stakeholders’ beliefs, knowledge, and behavior.
  • Communication Strategies need to be based on deep understanding of stakeholders, public, and environment.

Corporate Communications 14 (Intercultural & International Communication)

  • Globalization and digitalization have increased the importance of intercultural communication.
  • Intercultural communication is the communication between people from different cultures, existing in today's globalized world.
  • Cultural factors impact communication choices. Understanding cultural differences is essential to ensure effective communication between people from different cultures.

Corporate Communications 16 (Internal & International Communication)

  • International Communication: planned and organized communication efforts to establish and maintain positive relationships with global stakeholders.
  • Strategies include standardization (uniform global approach) and adaptation (country-specific approaches).
  • Adaptation strategies consider contextual variables like the political and legal systems, economic development, and socio-cultural contexts of a country.

Corporate Communications 17 (Research & Measurement)

  • Research plays a critical role in improving the success/performance and relevance of communication strategies.
  • Measurement and evaluation are essential elements in corporate communications; essential for demonstrating the value of communications work.
  • Evaluation focuses on identifying, categorizing, and measuring outputs, outcomes, and the potential impact of communications activities. Qualitative and quantitative methods both play a role to understand the full impact.

Corporate Communications 19 (Social Media Communication)

  • Social media provides a platform for corporate communication enabling broader reach and dialogue.
  • Social media can be used strategically for communication internally and externally.
  • Platforms like YouTube, Facebook, etc., offer companies opportunities to share content with their stakeholders.
  • Social media communication involves carefully planning content to achieve desired responses and engagement from stakeholders.

Corporate Communications 21 (Employee Communication)

  • Communication with internal stakeholders (employees) establishes a crucial link between the organization and its employees.
  • Effective internal communication fosters employee morale, engagement, and productivity which enhances organizational performance and success.
  • Employee communications should be structured to manage internal and external reputations and communications.

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Description

Test your understanding of stakeholder management and cultural dimensions in organizational contexts. This quiz covers the principles related to engaging stakeholders, the influence of cultural factors, and government regulations on corporate behavior. Delve into the nuances of stakeholder collaboration and power dynamics.

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