Stakeholder Management is the process of identifying, engaging, and managing relationships with individuals or groups who have an interest in or are affected by an organization’s activities, decisions, or projects. This involves understanding stakeholders' needs, expectations, and concerns, and ensuring clear communication and collaboration. Effective stakeholder management helps build trust, align objectives, and secure support for initiatives. It also includes conflict resolution, addressing feedback, and maintaining ongoing dialogue to achieve positive outcomes. The goal is to balance stakeholder interests with organizational goals for long-term success.
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