After a firm has identified its key stakeholders in stakeholder impact analysis, the immediate next step is to
A) recognize the opportunities and threats the stakeholders present.
B) identify stakeholders' interests and claims.
C) formulate a stakeholder strategy.
D) address the stakeholders' concerns.

Question

Quizplus · Accepted Answer

In step 1 of stakeholder impact analysis, the firm focuses on stakeholders that currently have, or potentially can have, a material effect on a company. In step 2, the firm asks, "What are our stakeholders' interests and claims?" Managers need to specify and assess the interests and claims of the pertinent stakeholders using the power, legitimacy, and urgency criteria.

After a Firm Has Identified Its Key Stakeholders in Stakeholder