Stakeholder management - Elaborate on what stakeholder management involves in practice

3 important questions on Stakeholder management - Elaborate on what stakeholder management involves in practice

Stakeholder management can be regarded as a set of techniques that organizations can use to better understand and manage stakeholder concerns. Which three techniques do we use?

1) stakeholder mapping
2) surveys and stakeholder dialogue
3) partnership projects between companies and non-governmental organizations.

Name the steps of stakeholder mapping

1) identification of stakeholder groups including those that are in a position to affect the company and those that are affected by the company's operations
2) classification of stakeholders into categories and sub-categories that are likely to share interests and characteristics
3) naming of specific stakeholder groups and analysis of the company's relationship to them.

What are the three types of partnership?

1) process- orientated partnership
2) project-orientated
3) product-orientated

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