Question

Bluestainless corp. has been able to gain and sustain a competitive advantage due to its strong relationship with its employees, customers, suppliers, and local communities. the company believes in lifetime employment and ensures that its employees grow along with the company. investors are more than satisfied with the returns on their investments. also, 3 percent of the company's profit is spent on community development. with initiatives like these, customers feel privileged to associate themselves with bluestainless products. this scenario best illustrates the implementation of a

Answer 1

The correct answer to fill in the blank is:

Thisscenario best illustrates the implementation of a “Stakeholder strategy”.

Stakeholder strategy is an integrative advance to managing a varied set of stakeholders efficiently in order to expand and sustain competitive advantage. This includes effectively engaging stakeholders during the lifecycle of the project, based on the investigation of their needs, interests and probable impact on project success.