Question 1

Explain / how do we do stakeholder priority? and Write down your understanding of the following matrix:

please answer as detail as possible, if im satisfied with your answer, ill give a like. thanks

Prioritization of stakeholders (per topic) High Priority 2 Hold highly tailored individual meetings to build engagement Priority 1 Integrate into work engage regularly and win over as Stakeholder influencing power to the business Medium promoters Priority 4 Monitor for changes and emerging topics Priority 3 Keep informed and win over Low Low Medium High Relevance to stakeholders Material Higher materiality Highest materiality High Importance to external stakeholders! society Lead Priorities that require strategies: Highest level of materiality. Require dedicated and senior focus. Opportunity to be focus of signature actions ideally deploying a company's superpowers". Follow Right to play: Part of a company's contract with society. Requirement to remain "above the bar" on these material issues and be continually monitor. Monitor Risk Management: Issues that are a lower-level priority based on impact potential, but still present risks to the business that should be managed. Business Impact Potential for significant impact to business economics Low High