Question

Briefly describe what you find interesting, challenging about Business stakeholders (external and internal). how can the information use in your personal and professional life?

Answer 1

Answer:

Business stakeholders: Business stakeholders are the persons who have major stake in the business and they are concern for the success of the business. They are focused for the success and growth of the business to achieve the desired business objectives. These stakeholders are both internally and externally. Internally are like directors, CEO, employees, senior management/leadership team etc. External stakeholders are like investors, shareholders, customers, suppliers, etc.

We find interesting, challenging about Business stakeholders (external and internal) as below

• Interesting about business stakeholders (Internal /external are as below
  • Stakeholders are the key people who are behind the success and growth of the business.
  • Stakeholders are always focusing on the performance of the organization and expecting positive result for the business.
  • Stakeholders are always willing to organize the improvements in the organization so that the organization is capable for meeting its future business goals.
  • It is interesting to communicate the positive result to the stakeholders.
• Challenging about business stakeholders (Internal /external) are as below
  • It is challenging to manage the positive result for the organization, because it is not possible always, some time we may face negative results as well. So at this time it is challenging to manage the stakeholders for the organization.
  • It is more challenging to manage the external stakeholders than internal stakeholders, because external stakeholders have larger impact on the organization than the internal stakeholders.
  • It is very challenging to communicate the negative result /performance to the stakeholders.

We can use these informations in our personal and professional life by understanding this information, their impact on others. We need to understand these interesting and challenging things on stakeholders and then we can understand in our personal life as well as professional life and we can better educate for making adequate communication for such scenarios.