The U.S.government legitimized claims by thousands of businesses and individuals in the aftermath of the BP oil spill in the Gulf of Mexico,causing the claims to become of great urgency to BP.This best represents the process of
A) addressing stakeholder concerns.
B) identifying stakeholders.
C) establishing competitive parity.
D) implementing a cost-leadership strategy.

Question

Quizplus · Accepted Answer

While addressing stakeholder concerns, a firm asks, "What should we do to effectively address any stakeholder concerns?" In the last step in stakeholder impact analysis, managers need to decide the appropriate course of action for the firm, given all of the preceding factors. Thinking about the attributes of power, legitimacy, and urgency helps to prioritize the legitimate claims and to address them accordingly.

The USgovernment Legitimized Claims by Thousands of Businesses and Individuals in in the Aftermath