Question 2 (10 marks)

Corporate administrators need to make it their mission to satisfy the needs, demands and expectations of different stakeholders. But the needs of different stakeholders may be in conflict and a company may not able to satisfy all demands and expectations. Good corporate administrator therefore need to formulate appropriate strategies and implementation to satisfy various stakeholders.

Required:

Elaborate and give examples to illustrate the above statements. Explain the strategies that corporate administrator could formulate to satisfy the needs of various stakeholders.