Compose a detailed 3-page response and analysis of the following 3 points with the headings, below.

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Question:

Here is the current assignment

Analysis: (in-depth responses requested)

- Compare and contrast the findings of the literature review.

- Analyze the strengths and weaknesses of the current literature on relationship building with stakeholders in nonprofit organizations.

- Discuss the implications of the literature review for the practice of relationship-building with stakeholders in nonprofit organizations.

Please help me introduce each area and make some relevant arguments.

Please provide me with at least three scientific, peer-review journals and how to use them in a meaningful way. Please ensure that the articles are peer-reviewed and in pdf.

Thanks

Please see the list of references in the work below to be analyzed.

Plus

Gary , & Purdy. (2018, March). Collaborating for Our Future: Multistakeholder Partnerships for Solving Complex Problems. Oxford Univerity Press .

In-Text Citation: (Gary & Purdy, 2018)

Also, here is the response I have for the first part of the assignment that asked me to discuss the Literature Review. I would like to receive your helo to do the same of the question above with quotes.

Introduction:

Relationship building is an essential component of effective communication in nonprofit organizations. Nonprofits rely on their relationships with stakeholders to raise funds, gain support, and achieve their mission. However, building relationships with stakeholders can be challenging due to different interests, priorities, and expectations. Therefore, understanding the theoretical framework and best practices for relationship building can be helpful in achieving organizational goals.

Theoretical Framework of Relationship Building with Stakeholders:

The stakeholder theory provides the conceptual underpinnings for the theoretical framework of relationship development with various stakeholders in nonprofit organizations. Instead of concentrating their efforts simply on increasing profits for shareholders, companies should, in accordance with the stakeholder theory, take into account the needs of all of the parties that have a stake in the company. These parties include consumers, suppliers, workers, and members of the community. (Freeman, 1984).

The development of relationships is predicated on the principles of reciprocity, trust, and the existence of shared values. Understanding the requirements and expectations of stakeholders, including them in the decision-making process of the business, and cultivating long-term relationships that are advantageous to both parties are all required steps in this process. In order to successfully establish relationships, it is essential to have effective communication, openness, and accountability. (Brouard & Larivet, 2019).

Existing Literature on Relationship Building with Stakeholders:

There is a substantial amount of research on how nonprofit organizations might improve their relationships with the many stakeholders in their communities. According to a number of studies, proper involvement of an organization's stakeholders may result in enhanced trust, loyalty, and dedication to the organization's overall objective. (Owusu-Ansah et al., 2020).

Building connections with the many stakeholders, however, is not without its difficulties. Some of these difficulties include limited resources, conflicting interests, and power imbalances. (Kim & Park, 2019). Therefore, in order to guarantee that they are accountable, nonprofit organizations need to follow best practices in the area of stakeholder engagement. These practices include adopting clear communication strategies, incorporating stakeholders in decision-making, and providing feedback systems. (Pereira & Teixeira, 2019).

Examples of Successful Relationship-Building with Stakeholders in Nonprofit Organizations:

There are a multitude of instances of effective relationship-building with stakeholders in organizations that are not-for-profit. For instance, the Relay for Life program organized by the American Cancer Society engages community people, volunteers, cancer patients and survivors, and those who care for them in the effort to raise money and awareness for cancer research. (Bortree & Seltzer, 2009). The effectiveness of the program may be ascribed to the fact that it places a strong emphasis on developing connections with various stakeholders and developing a feeling of community in regard to the cause.

Another illustration of this may be seen in the relationship between the World Wildlife Fund (WWF) and various businesses to advance environmentally responsible behaviors and conservation initiatives. (Kotler et al., 2012). The World Wide Fund for Nature (WWF) has a strategy that entails working with stakeholders at all levels, ranging from the boardroom of a large corporation to the community at large, in order to accomplish common objectives.

Identifying Gaps in the Literature and Suggesting Potential Areas for Future Research:

Even though there is a substantial body of written material on the subject of relationship development with stakeholders in nonprofit organizations, there are still gaps in the research that need to be investigated further. For instance, there hasn't been a lot of study done on how the involvement of stakeholders affects the performance of organizations, especially in terms of the financial effects. (Kim & Park, 2019).

Furthermore, there is a need to investigate the role that digital technology plays in stakeholder engagement since non-profit organizations are increasingly dependent on social media and other digital platforms to connect with the stakeholders in their organizations. (Liu & Ko, 2020). In conclusion, there is a pressing need to investigate the cultural and contextual elements that play a role in determining the level of stakeholder participation across a variety of countries and industries. (Brouard & Larivet, 2019).