Refer to the scenario below to answer the following questions.
Managing Stakeholder Relationships (Scenario)
Natasha has been hired by Virtual Screen Corporation, a manufacturer of custom window coverings and retractable screen doors. Virtual Screen has recently been having problems with some of their major stakeholders. Some suppliers have been shipping poor quality materials, and customer complaints are increasing. Natasha has been hired to help resolve the current issues and to develop a plan for managing other stakeholder problems in the future.
-Natasha finds out through her research that managing stakeholder relationships can lead to ______________.
A) hiring new and more skilled employees
B) improved predictability of environmental changes
C) change in the corporate culture
D) positive increase in internal complexity
E) major changes in corporate policies and procedures

Question

Quizplus · Accepted Answer

Managing stakeholder relationships can lead to improved predictability of environmental changes. By building positive relationships with stakeholders, an organization can better understand and anticipate changes in the external environment, such as shifts in customer preferences or changes in regulations. This can help the organization adapt and stay competitive. While managing stakeholder relationships may also lead to other outcomes such as changes in corporate culture or policies and procedures, these are not the primary focus of the question.

Refer to the Scenario Below to Answer the Following Questions