Question

In: Statistics and Probability

Why are community stakeholders important for an organizations brand?

Why are community stakeholders important for an organizations brand?

Solutions

Expert Solution

The community stakeholders are generally defined as people, groups, organizations or businesses that have interest or concern in the community. Stakeholders can affect or be affected by the community’s actions, objectives and policies. Some examples of key community stakeholders are residents, community groups, developers , government workers (and the agencies they represent), business owners, neighborhood leaders, commission members and other groups from which the community draws its resources. Community stakeholders are important for organizations brand because Stakeholders give your business practical and financial support. Stakeholders are people interested in your company, ranging from employees to loyal customers and investors. They broaden the pool of people who care about the well-being of your company, making you less alone in your entrepreneurial work.


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