D. Arun Kumar

D. Arun Kumar, Chairman, IR Company, FAPCCI, Federation House, Red hills, Hyderabad, Andhra Pradesh. This is a relevant topic in the today’s context regarding ‘Stake Holders Engagement-Challenges & Strategies. Dr.Y.R.K Reddy suggested from his vast experience that this is a very big challenge for the companies. It is the SR (Stake Holder Relationship & Social Relationship), is a major relationship solves the problems compared to IR & HR. Stake Holder Relationship & Social Relationship is something that has been, today’s stakeholders are much more important than conventional stakeholders. Without engaging stakeholders, there can be no common enduring agreement, ownership or support for a particular project. A venture is more likely to succeed, especially in the long-term, if it takes into consideration the environment in which it operates and endeavours to meet the needs of the stakeholders affected by it. Stakeholder engagement could be viewed as a form of risk management.