Business, Stakeholders and Issues

Question 1

What are stakeholders

Answer 1

any person, organization, social group, or society at large that has a stake in the business. Thus, stakeholders can be internal or external to the business. A stake is a vital interest in the business or its activities. It can include ownership and property interests, legal interests and obligations, and moral rights.

Question 2

Stakeholder analysis

Answer 2

is about identifying all persons, groups and institutions who may have an interest in a project and taking steps to manage their interests and expectations so that the project runs as smoothly as possible. Closely linked to risk management and change management.

Question 3

Stakeholder engagement

Answer 3

is key to building mutually beneficial relationships that help achieve its organizational goals and move toward its vision.

Question 4

Stakeholder engagement examples

Answer 4

customers and suppliers - surveys
Investors - meetings, calls and presentations
Communities - panel discussions, survey community residents, sustainability reports
Employees - surveys and meetings, benefits and Newsletters