1. Describe the stakeholder management approach followed by your own organisation and explain whether it is effective or not. Provide examples to support your arguments. (25)

2. What can be done to cultivate a stakeholder culture? Consider the value of the different elements of Stakeholder Engagement and how strategies can be developed to ensure that interaction with stakeholders is integrated into every level of decision-making in the organisation. (25)

3. “What distinguishes an Ubuntu approach is that, instead of assuming that greater economic growth and profitability would lead to the betterment of all, this approach allows for the possibility that a more effective capitalist business framework requires attention to multiple goals beside profit, including harmonious relationships and meaningful work”. (Woermann & Engelbrecht, 2019)

How can Ubuntu inform stakeholder engagement and why is it important to use it? (25)

4. King IV (Principle 16) notes that company governing bodies should provide strategic direction for the organisation’s stakeholder policy and action plans. What role does the Board play to ensure that stakeholders are managed effectively?

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1 Stakeholder Management Approach in My Organization In our organization we adopt a proactive stakeholder management approach that prioritizes open communication relationshipbuilding and mutual unders... View the full answer