Answer to Question #309380 in Management for Vinita

Question

You are the Head-Manufacturing of Tata Steel. You are planning to set up a brand-new

Manufacturing plant at a village in rural Karnataka.

a Perform a Stakeholder analysis & suggest which all stakeholders will be taken into

confidence & also what would be your communications approach plan to bring them into

your point of view? (Please assume that Covid-19 pandemic is over).

b Highlight some of the creative & innovative initiatives that you would undertake to

convince the stakeholders that you mean to do good for all the stakeholders. (Please

assume that Covid-19 pandemic is over). Need a long answer

Answer 1

a.

i. Identifying stakeholders - These are all the people that are affected by the company. They include employees and customers of the company.

ii. Prioritizing stakeholders -The concerns of the stakeholders should be given top priority.

iii. Understanding stakeholders - After identifying and prioritizing stakeholders, they now have to be understood.

b.

i. Business innovation.

ii. Product innovation.

iii. Process innovation.