The stakeholders of The G.E.O Group Inc
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Many organizations within the field of criminal justice have begun utilizing
techniques of strategic management in an effort to better address the needs of their
stakeholders. The importance of strategic management and the careful and proper
identification of stakeholder groups are never more salient than in law enforcement
and correctional organizations. However, the tenets of strategic management are in
use in nearly every facet of public and private enterprise.
Examine the function of strategic management within the organization. In your
journal, identify the organization and its stakeholders. Explain how the strategic
management plan takes the needs and demands of those individuals and groups into
consideration when preparing budgets. In addition, explain two ways that the
identification of stakeholders has increased the effectiveness of the organization
or improved public relations.