The First Step in Stakeholder Analysis Is to

question 87

Multiple Choice

The first step in stakeholder analysis is to

• A) identify primary stakeholders.
• B) monitor what all the stakeholders want.
• C) identify the stakeholders with an indirect stake in the corporation.
• D) estimate the effect on each stakeholder group from any particular strategic decision.
• E) identify the influence of each stakeholder group.

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Definitions:

Worst Case Scenario

The most severe or unfavorable outcome that may happen in a given situation.

Expected Value

The average of all possible outcomes of a random variable, weighted by their respective probabilities.

Economic Assumptions

Hypotheses about the future economic condition that are used for planning and budgeting purposes.

Level of Expansion

Refers to the scale and scope of growth activities undertaken by a company to increase its business operations.