| Stakeholders in business management are those | | | | surprises. This way you can make everyone happy |
| people who make a difference in your position. They | | | | and be successful in your position. |
| can be your employees with specific skill sets who | | | | Business management also requires you to know how |
| need to be placed in certain positions. The ability to | | | | stakeholders are measuring your success as a |
| place employees in the right positions will help project | | | | manager. You might know what the expectations of |
| productivity. Stakeholders are also those people who | | | | the stakeholders are, but you might not know how you |
| have a stake in what you do at work. These might be | | | | are being measured. Completion of a project might not |
| your managers or other departmental personnel you | | | | be good enough. Your business management skills |
| work with. They can also include big clients. Knowing | | | | might be measured from a teamwork perspective. If |
| who the important stakeholders are in terms of your | | | | you have assigned tasks to your employees and |
| position at work can help you enhance your career by | | | | everyone is working individually, then you have |
| developing good working relationships with them. | | | | completely failed their expectations even though the |
| Stakeholders have expectations of you as a manager. | | | | project was completed. As a manager, you are |
| You need to know what the expectations are of you | | | | required to know how you are being measured so you |
| from all of the stakeholders in your position. If you don't | | | | can meet the goals properly. It is difficult to be |
| know what is expected of you, you won't know if you | | | | successful if you don't know how you are being |
| are making everyone happy. Employees expect you | | | | measured by every stakeholder. |
| to teach them when they don't understand, work with | | | | Business management requires you to know |
| them, motivate them, create a good working | | | | everything about the stakeholders of your position. The |
| environment, and celebrate when success occurs. | | | | stakeholders in your position can make or break you. If |
| Management expects much more. Learn everything | | | | you don't know who they are then you will not be |
| expected from your stakeholders so there are no | | | | successful as a manager in business management. |