How to Determine Your Stakeholders and What is Material

The video tutorial discusses how to define and categorize stakeholders based on their interest and influence on an organization. It explains the difference between primary and secondary stakeholders and how these can vary by industry. The tutorial also covers the concept of materiality, helping organizations identify which issues are most important to their stakeholders. Finally, it provides guidance on stakeholder engagement, emphasizing the need to focus on those with the most power and interest.

What is a primary factor in defining stakeholders for an organization?

• Their geographical location

• Their interest in or impact on the organization

• Their financial contribution

• Their social media presence

Which of the following is typically considered a primary stakeholder?

• Media

• Government

• Customers

• NGOs

What does the concept of materiality help organizations determine?

• The most important social and environmental issues

• The historical performance of the organization

• The financial stability of stakeholders

• The geographical distribution of stakeholders

Why is it important to focus on material issues in stakeholder engagement?

• To increase the organization's social media presence

• To reduce operational costs

• To address the most relevant concerns of stakeholders

• To ensure compliance with international laws

How should organizations manage stakeholders with high power but low interest?

• Keep them satisfied

• Ignore them

• Provide them with financial incentives

• Engage them intensively