Stakeholder analysis allows managers to gain a better understanding of the groups and individuals who have a vested interest in the firm's strategy and some influence on the firm's performance.

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Stakeholder analysis is a useful tool for managers to identify and understand the various stakeholders who are relevant to the organization's success. This can help organizations to develop more effective strategies that take into account the needs and concerns of these stakeholders.

Stakeholder Analysis Allows Managers to Gain a Better Understanding of the Groups