Question

Difference between relationship with different stakeholder

Answer 1

Stakeholder management is a critical component to the successful delivery of any project, programme or activity. ... Stakeholder management creates positive relationships with stakeholders through the appropriate management of their expectations and agreed objectives.

Answer 2

a key characteristic of effective organizational management is determined by the group of interdependent relationships that exist between the key stakeholders. the primary stakeholders are those who invest some form of capital, be it human, financial, or something else of value, in the firm, and share some of the risks and responsibilities involved. in general, the primary stakeholders include investors (shareholders), employees, customers, the community, and the government. the management of stakeholder relationships not only includes the continuous participation of stakeholders in the firm but also places emphasis on their contribution to it. from the perspective of the resources involved, a firm’s ability to outperform its competitors depends on the unique