1. What is a stakeholder management plan and its importance and purpose

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 2Q: Define the term stakeholders. Identify two stakeholder groups, and explain how each group might use...
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Hello,

Kindly answer the questions below.

1. What is a stakeholder management plan and its importance and purpose

2. What are the elements, components, and documents in a stakeholder management plan

3. The steps and processes undertaken to develop and  create a stakeholder management plan

I would appreciate a thorough explanation as this information will in my understanding to develop and create a successful stakeholder management plan. 

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