Terminating Stakeholder Relationships
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Questions and Answers

What should be done before terminating a stakeholder relationship?

  • Evaluate all the reasons for termination (correct)
  • Communicate the decision to the stakeholder
  • Execute the termination according to the plan
  • Develop a detailed exit plan

    • What is the importance of maintaining professionalism during stakeholder termination?

  • To avoid potential legal disputes
  • To ensure continuity of supplies or services
  • To uphold your organisation's reputation (correct)
  • To minimise the potential for a hostile response

    • What could be involved in transition planning during stakeholder termination?

  • Providing notice as per the terms of the contract
  • Fulfilling all contractual obligations and responsibilities
  • All of the above
  • Ramping up stocks (correct)

    • What is the purpose of conducting a post-termination review?

    <p>To learn from the experience and avoid similar situations in the future</p> Signup and view all the answers

    What did AZAR's legal team review before terminating the relationship with TAS?

    <p>Termination clauses, potential liabilities, penalties, and notice period in the contract</p> Signup and view all the answers

    What did AZAR do to ensure continuity of their supply chain after terminating the relationship with TAS?

    <p>Increased inventory from TAS to cover potential gaps during the transition</p> Signup and view all the answers

    What did AZAR decide to implement in the future to avoid similar instances?

    <p>To implement more rigorous supplier vetting processes</p> Signup and view all the answers

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