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Section 4: stakeholder management. Stakeholder management involves identifying prioritizing and understanding the interests of stakeholder groups and on that basis managing the companys relationships with these groups. This is taken straight from the curriculum and you need to remember this definition of stakeholder management. Now managing the companys relationships with the different stakeholder groups will require a legal infrastructure, a contractual infrastructure, an organizational infrastructure and a governmental infrastructure. So understand these in a few words now legal infrastructure refers to the laws and regulations that must be followed and the recourse that a company has if the laws are violated. The contractual infrastructure is what a company has most control over and this has to do with the contracts and agreements that a company will make with its creditors, suppliers, customers, employees and so on. The organizational infrastructure deals with the internal system
