This CPE course is included in the 50+ hours of CGMA Strategic Management Accounting . It can also be purchased individually or as a part of Strategy Development and Implementation This CPE course defines mission and vision statements, including how they differ, and illustrates the function of each in formulating a successful strategy. It discusses ways to pinpoint key stakeholders, outlines Mendelows matrix as a method of stakeholder prioritization, and identifies sources of stakeholder power. It examines stakeholder group relationship management, resolving competing stakeholder interests, corporate political activity, and stakeholder alliances. Topics Discussed: Non-market strategy and forms of corporate political activity. Stakeholder management (stakeholders to include internal stakeholders, government and regulatory agencies, non-governmental organizations and civil society, industry associations, customers and suppliers). Vision and mission statements and their use in orientating the organizations strategy. Building strategic alliances with stakeholders.
Identify key external factors that influence an organizations strategy, including relationships with businesses, government, society, and other stakeholders. Recognize the use of vision and mission statements in orienting the organizations strategy.
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