Answer to Question #233365 in English for Amanda Gambushe

Question

Stakeholder engagement is important because companies like The Beans Company, should not assume that they understand thr needs of the society and how to help them. Evidently, The Beans Company does not meaningfully engage its stakeholders. In your capacity, as the public relations director of the Beans Company, answer the following questions:

1. With suitable examples, identify five important stakeholders of The Beans Company.

2. Propose and describe five stakeholder engagement methods that The Beans Company should employ to create and nurture relations with its stakeholders.

Answer 1

1

Investors. The owners of The Beans Company such as stockholders.

Creditors. Individuals and organizations that have lent the firm money.

Suppliers. Suppliers who have lent the firm money in the form of accounts receivable.

Partners, Employees, and the Customers.

2

• Survey Your Stakeholders.
• Prioritize the interests and influence of your stakeholders.
• Map Stakeholders Measure stakeholder participation's ROI.
• Regularly communicate the business of the company.
• Organizational knowledge maintenance log meetings.