Essay on Project Share: Stakeholders Management

Essay on Project Share: Stakeholders Management

Length: 1174 words (3.4 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

CASE STUDY 2 – NYSEG CSR PROGRAM
The NYSEG case touches upon a complicated topic: that of management of a corporation directly deciding upon and providing policies which redistribute wealth away from the corporate shareholders and into the hands of other stockholders. In this case, NYSEG’s Project Share is essentially a form of welfare where NYSEG takes corporate resources and profits and reallocates them to poor customers or customers with severe debt issues. In my opinion, what is strikingly unusual about this program is the extent to which it becomes involved in the lives of its customers. Customers identified for Project Share may receive financial counseling, help with substance addiction, and help connecting with other welfare services. The main question posed by this assignment is whether or not NYSEG’s Project Share is both altruistic and good business. I believe that it is…to an extent. In the subsequent paragraphs, I will explain my position, as well as what I believe the positions of Milton Friedman and John Boatright would be based upon the assigned reading of their views regarding corporate social responsibility.
As I just mentioned, I believe that to a certain extent, Project Share is at once altruistic and good business, but this view relies upon a perception of the business value of social outreach and community image that is difficult to accurately quantify. It also bears comparison to other industries and other business models. Project Share is undoubtedly helpful to the many customers who receive its benefits, and the assigned article states that “NYSEG’s bad-debt level is 20 percent lower than that of the average U.S. utility company.” It also points out that the costs of managing Project Share gre...


... middle of paper ...


...l responsibility as a source of employee satisfaction. Research in Organizational Behavior. Retreived May 16, 2014, from https://www.uic.edu/labs/skitka/public_html/CorpSR.pdf
McElhaney K. (2009, Spring) A Strategic Approach to Corporate Social Responsibility. Executive Forum. Retreived May 16, 2014, from http://responsiblebusiness.haas.berkeley.edu/documents/Strategic%20CSR%20(Leader%20to%20Leader,%20McElhaney).pdf
Schnietz K., Epstein, M. (2004) Does Corporate Social Responsibility Pay Off? Graziadio Business Review. Retreived May 18, 2014, from http://gbr.pepperdine.edu/2010/08/does-corporate-social-responsibility-pay-off/
Johnson, B. (2013, Jun 23) Big U.S. Advertisers Boost 2012 Spending By Slim 2.8% With a Lift From Tech. AdvertisingAge. Retreived May 18, 2014, from http://adage.com/article/news/big-u-s-advertisers-boost-2012-spending-slim-2-8/242761/




Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Stakeholders, Roles And Responsibilities And Team Development On The Bridge Splay And Guard Rail Project

- This report has been prepared to analyse stakeholders, organisation structure, roles and responsibilities and team development on the Bridge Splay and Guard Rail project. This may help the reader to understand and apply these examples to similar project environments. The report will identify and discuss processes and examples of project management techniques. The content provides diagrams and tables prepared from tools in the project management field of study. The report ends with conclusions and recommendations for the project team and management....   [tags: Project management, Management, Stakeholder]

Strong Essays
1633 words (4.7 pages)

Building A Project Management Culture Essay

- The missing element for most corporations with projects that do not succeed, is culture. Establishing a project management culture is extremely complex, and may be undervalued by some. Sharing in a belief, mission, or goal, can certainly be the foundation of building a project management culture. To continue building upon that culture, it is the assignment of the program or project manager to mitigate the complexities of human behavior, in order to reach a collective objective. Richardson (2014) describes culture as: shared, learned and enduring, a powerful influence on behavior, systematic and organized, invisible, and risk-averse or risk-tolerant....   [tags: Project management, Project manager, Construction]

Strong Essays
826 words (2.4 pages)

Project Management : Company And A Startup Company Essay

- There is an immense difference in project management between a large traditional organization, a technology company and a startup. To begin with, project management practice in a traditional company is superlative, well-defined and show a sustained approach. They have a balanced strong metrics and internal communities to maintain personalized methodologies and tools to achieve project deliverables. However, in a large technology company project management is complicated as the business needs keep changing with the demanding stakeholders from traditional organization....   [tags: Project management, Management]

Strong Essays
1095 words (3.1 pages)

Stakeholder Involvement Is An Essential Component Of Ensuring Project Success

- Stakeholder involvement is an important component of ensuring project success (Allen, McLees, Richardson, Waterford, 2015; Poplawska, Labib, Reed, & Ishizaka, 2015; Widen, Olander, & Atkin, 2014). However, stakeholders are not consistently and appropriately engaged in the project management processes in the aerospace industry (Lucae et al., 2014; Susser, 2012). Stakeholders should be involved with project planning, project execution, and assessing the readiness of technology (Government Accountability Office, 2010; Oehmen et al., 2011; Fageha, & Aibinu, 2013)....   [tags: Project management, Management, Stakeholder]

Strong Essays
1558 words (4.5 pages)

Project Management Plan For A Communication Plan Essay

- Organizing the project communication plan supports the project team in recognizing internal and external stakeholders and improves communication among all members involved in the project. The project manager leads the project development team to organize a communication plan to make sure that an effective communication strategy is put up into the project delivery process. The plan is a structure and should be an active, growing document that can be reviewed when appropriate. The communication plan is a part of the project management plan....   [tags: Project management, Work breakdown structure]

Strong Essays
726 words (2.1 pages)

Implementing Project Management Techniques Essay

- ... By understanding the roles and responsibilities of each participant in a project it allows the PM to know where they can ask for assistance. In Basecamp each user can input their knowledge on their own profile. They can also provide valuable input in the forum, on items that may lack information for example in an action item that is of concern the PM. A resourceful PM needs to use all available resources in his or her disposal and knowing the roles and responsibilities can help them make better determinations....   [tags: managers, accountability, stakeholders]

Strong Essays
1271 words (3.6 pages)

Quality Management in Agile Comparison with Traditional Project Management

- Agile Project management is one of the industries dominating methodology for project management in IT. It is an incremental and iterative way to manage the build and design activities for constructing an IT product, services, and project development in manner which is highly interactive and flexible. In this methodology, scope is defined in granularity that is appropriate with time horizon and checked with the agreement on each feature with the customer. In this methodology work steps are divided with feature breakdown structures....   [tags: agile methodology, it projects, quality]

Strong Essays
1549 words (4.4 pages)

The Skills An Effective It Project Manager Essay example

- In the globalized economy, Successful project managers are in much demand across many industries. Organizations strongly need experienced project managers to lead their staff to accomplish their business goals and deliver successful projects. In an increasingly complex environment, project managers need to turn into many roles and have all kinds of responsibilities at each level of management within an organization. Good project managers are not born. They need to be trained. They develop their skills through study, practise and experience....   [tags: Project management, Management, Problem solving]

Strong Essays
881 words (2.5 pages)

Essay on Objectives Of A Stakeholder Management Strategy

- According to Piscopo 2015, it is extremely critical for organizations to effectively manage their stakeholders. This can only be achieved by having a good stakeholder management strategy that identifies and documents the steps to be undertaken in order to maximize support with an aim to minimize negative impacts of stakeholders throughout the overall change initiative. Furthermore, Lienert n.d stated that the aim of the stakeholder strategy is to structure the findings of the previous approaches through the development of a Stakeholder Participation Matrix....   [tags: Management, Stakeholder]

Strong Essays
854 words (2.4 pages)

Characteristics Of Successful Project Managers Essay

- 1. Define the main characteristics of successful project managers and address specifically two bad things that unsuccessful project managers sometimes do. The best project managers are those who consistently deliver, on time and within budget, projects that meet or exceed stakeholders ' expectations. (Levinson, 2008) Project Managers interact with different types of people at different levels within the organization and outside the organization. Since their responsibilities include directing and coordinating various resources throughout the life cycle of the project, it is important the Project Managers have certain characteristics to ensure project success....   [tags: Project management, Critical path method]

Strong Essays
866 words (2.5 pages)