Question: ### Can you summarize this answer briefly to put it in powerpoint? . . ANSWER: Stakeholders are those that are interested in a business and

### Can you summarize this answer briefly to put it in powerpoint?

. . ANSWER: Stakeholders are those that are interested in a business and the ones who are affected by the organization. They can be an individual or a group or any other organization. A business should have a strong relationship with stakeholders because they are who stand behind the company if their unexpected challenge in the way of the business, and to support up the business much they can. The long relationship with the stakeholders helps to have the business to a new height. . The stakeholders can help the business to take to the desired audiences with their collective voices decisions taken by the business also helps in building strong which is not possible by the business alone. Also, the strong relationship with the stakeholder's networks for business will help to have credibility and the voices will be united for the different issues which are much important for the business and its future. . Second is about the business strategy, it the total of all the decisions which are taken in an organization for achieving the objectives and goals of the business. It is the plan of the business that will see the success or fail in the future. It helps also in gaining a competitive in the market. Business strategy is the basis of which the business will stands. All businesses can't run unless there is suitable planning which is known as a business strategy. . The business strategy is important for a business due to some reasons: . 1) It helps in identifying the strengths which can be capitalized for growth and expansion and the weakness which can be sorted out for a successful future of the business. 2) It also helps in making strategic control over the business which is much important for running a business profitably. 3) It helps in increasing the effectiveness and efficiency of the business and to lead to gaining a competitive advantage over the competitors. 4) It helps in planning for the business which is the basis for any business. The stakeholders support the business to run effectively, so it must be a strong relationship between the business strategy and the stakeholders. So, it is much important for making a business strategy with including the stakeholders. . A business that is running keeping a good bond with the stakeholders is more liable to have a successful future. As the bank is expanding their business in the many markets, it must keep the stakeholders what needs at the main list so that they can take advantage of expanding the business and running it profitably. . The three prime stakeholders in this case are: 1. Customers will buy the products and services of the bank. They also provide valuable suggestions to the business which helps in the expansion of the business. 2. Shareholders: They influence business objectives, and they are important as they will invest in the business and make expand the business. 3. Employees: the bank is going to expand the business in the markets, as the employees are important to settlement and expansion.

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