Stakeholder impact analysis is a five step process that allows managers to better understand and address stakeholders' needs.
Stakeholder impact analysis is a five steps process. Stakeholder impact analysis allows the manager to address the stakeholders’ needs and understand them better.
Stakeholder impact analysis is five steps process that allows managers to understand the need of their stakeholders. A stakeholder is any entity either person or organization, who is directly or indirectly affects the organization or its project.
The five steps of stakeholder impact analysis are:
- Identify the stakeholder: At this step, managers identify who are their stakeholders that are directly or indirectly affected by their projects, products, or services.
- The interest of the stakeholder: This step defines the interest of the stakeholder
- Opportunities and threats associated with stakeholders: this defines the present opportunities and threats to stakeholders
- Our responsibilities to stakeholders: This process defines that what is our legal, ethical, economic, and philanthropic responsibilities to our stakeholders
- Effectively address the stakeholders’ concerns: This step forces to take action to effectively address the stakeholders’ concerns.
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The answer of the given question is false which is the given statement is not true.
At its most basic level, CRM software compiles customer data and stores it in a single CRM database for easier management and access by company users.
CRM systems have had a lot of extra features added to them throughout time to increase their utility. Some of these features include the ability for managers to monitor performance and productivity based on data logged within the system, as well as the ability to automate various workflow automation processes, such as tasks, calendars, and alerts, depending on system capabilities. Other features include recording various customer interactions via email, phone, social media, or other channels.
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Two examples of human capital that can be developed are:
Education : by enrolling in school, education is developed. During the process of education, skills needed for the production of goods and services in developed.
Job experience : by undertaking internships and summer jobs, labour is developing their human capital.
<h3>
What is human capital?</h3>
Human capital are qualities that labour posses that are useful in the production of goods and services. Human capital is an an intangible asset. It is the economic value attached to labours' skills and expertise.
Examples human capital are:
- Education.
- experience
- Mental and emotional well-being.
- People management.
- Communication skills.
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Answer:
1. Rise
2. Reducing
3. Fall below
4. Rises above
Explanation:
1. Sales from catalogues will fall because people will demand less as a result of the catalogue price being higher than the actual price.
2. As the rules of Supply and Demand opine, the Catalogue companies will have to reduce supply in response to a decrease in demand.
3. The natural output quantity will be more than the output supplied. have attached a graph and a table to show an example using the figures.
4. The short-run quantity of output supplied by firms will rise above the natural rate of output when the actual price level rises above the price level that people expected as shown by the graph.
Answer:
Niche competitive advantage
Explanation:
A niche competitive advantage is gained when a business targets a small segment of the market and effectively serves them.
Forming a niche market leads to less competition as the business is specialised in this field, there is clear focus as a small targeted customer base is to be satisfied, and results in specialised skills or market expertise.
Yuengling only sold in a ten-state area on the Eastern Seaboard for over 170 years, giving them a niche competitive advantage.
