Dealing with stakeholder conflict 6 / 9

What leads to a conflict?

Needs of different stakeholders always differ and can lead to a conflict because sometimes all stakeholders needs cannot be pleased at the same time.

Cyert and March have suggested 4 methods to deal with this conflict:

  1. Satisficing - Negotiate and keep most stakeholders happy.

  2. Sequential attention - Give each stakeholder a turn to satisfy their needs

  3. Side payments - Compensation to a stakeholder for not satisfying their needs

  4. Exercise of power - Most powerful stakeholders win

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