What Are the Risks of Poor Stakeholder Management?
Poor management of stakeholders can lead to various risks, including:
Reputational Damage: Negative feedback from customers, employees, or community members can harm the business's reputation. Operational Disruptions: Unhappy suppliers or partners may disrupt supply chains or terminate agreements. Regulatory Issues: Poor relations with regulatory bodies can result in fines, sanctions, or legal challenges. Financial Challenges: Disengaged investors may withdraw funding or be unwilling to invest further.