ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
During which stage can a business adjust its ideas in response to feedback to ensure it is effectively meeting expectations of key stakeholders.
A
seed
B
startup
C
maturity
D
post-maturity
Explanation: 

Detailed explanation-1: -Typical inputs needed for the Stakeholder Expectations Definition Process include the following: Initial Customer Expectations: These are the needs, goals, objectives, desires, capabilities, and other constraints that are received from the customer for the product within the product layer.

Detailed explanation-2: -Four keys to managing stakeholder expectations: Make sure “project success” is clearly defined before the project begins. Don’t make stakeholders wait too long before they start to see value. Execute against the objective to ensure project success.

Detailed explanation-3: -Identify Stakeholders. Before you can manage your stakeholders’ expectations, you need to know who your stakeholders are. Manage Stakeholders Differently. Keep Stakeholders in the Loop. Share Evidence and Research. Produce Value Regularly. Track Sentiment.

Detailed explanation-4: -Specify the key stakeholders. Strategize on a learning culture. Socialize the joint efforts. Strategically align with stakeholders. Solidify the relationship’s ground rules. Stay in the know. Support sales’ initiatives. Start with the end in mind. More items •25-Jun-2021

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