Question

Managers are tasked with identifying and analyzing the stakeholders affecting their organization. What key considerations should a manager keep in mind during this process?

A) Understanding the market trends
B) Communicating effectively with competitors
C) Analyzing the impact on shareholder value
D) Incorporating feedback from social media

Answer 1

Managers should consider understanding market trends, analyzing impact on shareholder value, and incorporating feedback from social media when identifying and analyzing stakeholders.

Step-by-step explanation:

When identifying and analyzing stakeholders affecting their organization, managers should keep in mind the following key considerations:

1. Understanding the market trends: Managers need to stay updated on the latest market trends to identify stakeholders that may have an impact on their organization.
2. Analyzing the impact on shareholder value: Managers should assess how different stakeholders can affect the value of the organization for its shareholders.
3. Incorporating feedback from social media: Social media can provide valuable insights into stakeholder perspectives, and managers should take into account feedback and opinions expressed on these platforms.