Government is the process of accommodating different needs and viewpoints
With Amazon acquiring Whole Foods and drastically cutting prices, the grocery chain’s customer base may very well grow because prices could become more attractive while the perception of high quality may persist.
Potential customers may no longer need to economize by shopping elsewhere.
Whole Foods’ competitors, on the other hand, must now prioritize customer service, whereas before they could compete on price alone.
Key suppliers, lucrative or steady customers, and influential regulators must all be attended to but not necessarily capitulated to.Stakeholder priority can be expressed as a relationship between the stakeholder group’s influence or power and the interest the stakeholder takes in the relationship.(attribution: Copyright Rice University, Open Stax, under CC BY 4.0 license) On the supplier side, a small farmer or seasonal supplier could fall in the low-power, low-interest category, particularly if that farmer were selling various retailers produce from his or her fields.A stakeholder with a high level of both power and interest is a key stakeholder.If this type of stakeholder group encounters a problem, its priority rises.