Understanding, shaping, and fulfilling the expectations of stakeholders is central to successful strategy execution.

Question

Quizplus · Accepted Answer

Understanding the expectations, needs, and wants of stakeholders and ensuring that they are satisfied is crucial for the success of a strategy. This includes identifying who the stakeholders are, their interests, and their level of power, and then developing and executing a strategy that meets their expectations. This helps to build trust and support from stakeholders, which is essential for achieving the goals of the strategy.

Understanding, Shaping, and Fulfilling the Expectations of Stakeholders Is Central