Build strong relationships with stakeholders from "summary" of Built, Not Born by Tom Golisano
To succeed in business, it is crucial to cultivate and nurture strong relationships with key stakeholders. Stakeholders can include employees, customers, suppliers, shareholders, and members of the community. These relationships are not built overnight - they require time, effort, and commitment. It is essential to understand the needs and expectations of each stakeholder group and to communicate openly and honestly with them. When stakeholders feel valued and respected, they are more likely to support your business and advocate on your behalf. By building trust and credibility with stakeholders, you can create a strong foundation for long-term success. This involves listening to their feedback, addressing their concerns, and working collaboratively to find mutually beneficial solutions. Effective communication is a key component of relationship-building. Clear and transparent communication helps to build trust and foster positive relationships w...
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