Question: The first step in stakeholder impact analysis involves formulating a stakeholder strategy to balance the different needs of various stakeholders. identifying the opportunities and threats

The first step in stakeholder impact analysis involves
formulating a stakeholder strategy to balance the different needs of various stakeholders.
identifying the opportunities and threats the stakeholders present.
describing the economic, legal, ethical, and philanthropic responsibilities of the firm toward society.
identifying the stakeholders that currently have, or potentially can have, a material effect on a company.
 The first step in stakeholder impact analysis involves formulating a stakeholder

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