internal and external stakeholders

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Stakeholder is any entity or person who has special interest in an organization and they stand to lose or gain from the organization’s decisions or performance (Cummings, 2014). Organization should manage well stakeholder’s engagement to successfully elicit stakeholders’ perspective on their relationship with the company. Hence, the company must engage in stakeholder’s analysis to determine and evaluate the influence and significance of important people, groups, or other firms that might considerably impact the company’s performance (Doh, 2014). The company must hence strengthen its stakeholders’ management function to deepen the …

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