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What does this mean for a business : Tobacco company :
The regulations are against the usage of company product but they are completely dependent on the people who are habitual to the tobacco, sales are expected to go down if demand supply will decrease and that the business will have low profits.
1. Talk to the people about stakeholders & relevant stake holders are? with the Take note : demand reduction provision FCTC - 9 measures ,2. Select some stake holders and plot them on model & put them in each model ,3. 10-15 stake holders and put them into right categories
Understand the local connect, identify & map your stake holders, manage your communication, make your engagement plan.
Verified Expert
The paper helped in identifying and mapping the relevant stakeholders of the Tobacco company as well as determining their relevance. It has been evaluated that stakeholders play a major role as they provide constraints or requirements based on the information from their industry. However, the tobacco company needs to engage its stakeholders through local partnership projects with the industry which will help in providing support to the environment and local communities. Moreover, in order to increase its sales the organization is required to focus towards working groups along with supplier forums like on the establishment of sustainable tobacco program.
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