Stakeholder analysis is an important input into both strategy formulation and implementation.

Name: Stakeholder analysis is an important input into both strategy formulation and implementation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Stakeholder analysis helps to identify the key stakeholders, their interests, and their power in order to develop strategies that take their needs into account. It also helps to prioritize and allocate resources for implementation to ensure stakeholders are satisfied and willing to support the strategy.

Stakeholder Analysis Is an Important Input into Both Strategy Formulation