Course Solutions Uncategorized (Answered) : When stakeholders ask questions, we need to have answers. Does having an answer always work when the stakeholder is unhappy? Expla

(Answered) : When stakeholders ask questions, we need to have answers. Does having an answer always work when the stakeholder is unhappy? Expla

When stakeholders ask questions, we need to have answers. Does having an answer always work when the stakeholder is unhappy? Explain.

Expert Answer


First of all we need to understand the concept of stakeholder. In general meaning any party which is impacted due to any practice of business is called a stakeholder. in common stakeholders are of following types:

1. Owners of Busines

2. Suppliers

3. Employees

4. Government

5. Society

6. Customers

All of the above are parties which are impacted due to our business practices. Due to our conduct of business certain good or bad things may happen for which the stakeholders may have

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