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Question
Which one is not a way to manage stakeholder expectations?
Options
Avoid stakeholder input
Keep the stakeholder involved
Identify concerns
Act timely
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Solution
Avoid stakeholder input
Explanation:
Avoiding stakeholder input is not a way to manage stakeholder expectations. Effective stakeholder management involves keeping stakeholders involved, identifying their concerns, and acting in a timely manner to address those concerns. Engaging with stakeholders and considering their input helps build trust and ensures that their expectations are managed properly.
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RELATED QUESTIONS
State any two expectations of employers from a commercial organisation.
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
Which of the following are the expectations of competitive competitors?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Employees | i | Regular orders for supply |
| (b) | Government | ii | Protection of trade union rights |
| (c) | Society | iii | Protection of environment from pollution |
| (d) | Suppliers | iv | Avoid corrupting public servants |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Owners | i | May make decisions which affect the business |
| (b) | Suppliers | ii | Want product at good prices |
| (c) | Customers | iii | Want business to grow and make profits |
| (d) | Manager | iv | May increase their prices |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Suppliers | i | Contribution of business to the local economy |
| (b) | Employees | ii | Provide capital |
| (C) | Shareholders | iii | Provide physical and mental efforts |
| (d) | General public | iv | Provide raw materials to the firm |
Explain the expectations of internal stakeholders in a commercial organisation.
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Explain the expectations of government from a business enterprise.
Explain the expectations of the Government from a business organisation.
