The Hidden Impact of Complex Stakeholder Management on Corporate Sustainability
Sustainability in the global market is no longer only an effective mantra for corporations. It has now become a norm for the companies to run their business for profit combinedly with the sustainability for better environment and society. Despite complexity and the pressure that comes with it, there is a resource, called ‘ Complex Stakeholder Management ’ which remains critical yet is not always considered when it comes to attaining sustainable goals. It is often the most critical factor whether these programs are successful or not in companies, it is the ability to manage these complex relationships and expectations effectively. Understanding Complex Stakeholder Management Community management is a sub-process under the category of complex stakeholder management which concerns interacting with diverse groups who can affect or be influenced by a firm. Some of these groups may include investors, employees, customers or consumers, regulators, suppliers, the society or the public in gene...