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Involving stakeholders might be a must to boost sustainable business success. Discuss the factors determining the...

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General Management

Involving stakeholders might be a must to boost sustainablebusiness success. Discuss the factors determining the types ofstakeholders who should be involved in the decision of
sustainable business. Explain the possible strategies of promotingsustainability to gain stakeholders’ support. Support your answerwith examples

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Who all are the stakeholders for the business Everyone who is a part of the business environment whether internal or external constitute stakeholders Following are the types of stakeholders in the company 1 Business Owners 2 Shareholders 3 Creditors 4 Board of Directors 5 Managers 6 Employees 7 Suppliers 8 Customers 9 Government Regulators Challenges in engaging stakeholders 1 Lack of unified scheme 2 Conflict of interest 3 Lack of capabilities 4 Too Many different    See Answer
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