Asked by Keilan Harris on Jul 04, 2024
Verified
___ refers to the extent to which the organization is developing value for and satisfying the needs of important strategic constituencies.
A) Constituency development.
B) Organization development.
C) Value creation.
D) Strategic needs management.
E) Constituency creation.
Constituency Development
The process of building and maintaining relationships with stakeholders or groups that an organization or political entity depends on for support and advocacy.
Strategic Constituencies
Groups or stakeholders whose support is essential for an organization's survival and success, such as customers, employees, suppliers, and investors.
Value Creation
The process by which goods or services are provided that offer customers better value than those of competitors, either through lower price or by providing greater benefits and service that justifies higher prices.
- Understand the process through which businesses generate value for different stakeholders.
Verified Answer
Learning Objectives
- Understand the process through which businesses generate value for different stakeholders.
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