stakeholder-trust

Vocabulary Word

Definition

'Stakeholder-trust' refers to the trust that stakeholders, or the people who have a vested interest in a business, have in that business. This trust is developed when the business consistently shows that it values the stakeholders' viewpoints and concerns.

Examples in Different Contexts

For investor relations, stakeholder trust is crucial for securing and maintaining investment. An investor relations officer might explain, 'We build stakeholder trust by providing transparent financial reports and regular updates on our company's performance and strategy.'

Practice Scenarios

Sustainability

Scenario:

We must be mindful of our impact on the planet while planning our initiatives. Prioritizing this will allow us to walk the talk on sustainability.

Response:

Absolutely. Building 'stakeholder-trust' by actively demonstrating our commitment to sustainable practices will significantly boost our initiatives.

Business

Scenario:

Our focus should be on open and transparent communications through all levels of our company. This would surely engage our stakeholders more effectively.

Response:

I believe increasing 'stakeholder-trust' through transparent operations will be our key piece in the puzzle of company growth.