Essay: Importance of managerial competence
The article presented a fundamental issue plaguing all companies and something which contuse to be unresolved. It would require proper analysis and work in order for resolution as pointed out by the different the areas pointed by the article. The article presents numerous examples of successful companies to highlight ways in which companies have failed to build successful relationships and suffered as a result.
It has been shown that since the value attached to the stakeholder can vary hence different trust polices should be designed to treat each appropriately. Even the stakeholders can attach varying importance to managerial competence etc, hence in these circumstances the companies would have to respond in numerous ways. In the competitive world of today, these relationships are crucial as they can result in the attainment of huge successes for companies.