In the second step of the stakeholder impact analysis, managers need to identify and understand stakeholders' ______

1 answer:

6 0

In the second step of the stakeholder impact analysis, managers need to identify and understand stakeholders' <u>interests and claims</u> according to the power, legitimacy, and urgency framework.

<h3>What is stakeholder impact analysis?</h3>

Stakeholder impact analysis is a management tool that managers employ to quantify and analyze the effect of business decisions on the stakeholders of the business.

Using the results from a stakeholder impact analysis, managers can formulate the business strategy for production, distribution, and sales decisions.

The five stages of stakeholder impact analysis include identifying:

Stakeholders
Stakeholders' interest and claim
Opportunities and threats presented by stakeholders
Social responsibilities to stakeholders
Deciding strategies to meet stakeholder concerns.

Thus, the second step of the stakeholder impact analysis concentrates on stakeholders' interests and claims.

Learn more about stakeholders at brainly.com/question/13584550

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