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.

Question

Quizplus · Accepted Answer

The first step in stakeholder analysis is to identify primary stakeholders. Primary stakeholders are those who have a direct or significant interest in a company's operations and are directly impacted by the company's decisions. Identifying primary stakeholders is crucial in order to prioritize communication, engagement, and strategy-building efforts with these groups. The other options listed are important steps in stakeholder analysis, but they come after identifying primary stakeholders.

The First Step in Stakeholder Analysis Is to