Stakeholder management $($Connect$,$ Perform$)$

In an increasingly complex and dynamic business world, organizations must manage relationships with multiple stakeholders. There are number of tools for doing so$.$

Using your knowledge of how managers can develop stakeholder management mechanisms, complete the following statement.

Mr$.$ Ray, the owner of Ray's Jewelry, used $$ to identify two possible plans of action for his company: If the price of gold stays below $$2,000$ per ounce, he will continue to make and sell wedding bands and gold jewelry, but if it rises above $$2,000$ per ounce, he will start crafting his jewelry from silver and carry only a limited number of gold wedding bands.