Stakeholders are very important people for they have the attitudes needed and actions that have an impact on the success of a business project or the whole company itself. Company stakeholders include labor, business partners, employees, customers, suppliers, investors, shareholders, government authorities, and regulators. Every stakeholder has different priorities and interests. That’s why it is important to have effective communication that ensures positive attitudes towards company project success.
First benefit of stakeholder communication is to have a better understanding of the project goals. Every stakeholder must understand what is it that everyone trying to achieve. Communication is needed for every employee and labor unions to build an understanding of everyone’s goals that will benefit the customers or audience to help achieve the goals. Communication with shareholders and investors are important to attract funding for important investments needed by the business.
The second benefit, it creates influence and a positive relationship. Communication is the one thing that builds up positive relationships with people and the business. It is important that the organization conducts meetings with interest group in building communications and understanding that reflects each point of view. It influences everyone to step up and share their thoughts and ideas that … Read More