Rather than defining a stakeholder-by-stakeholder strategy, managers must find ways to satisfy multiple stakeholders at once. Not all stakeholders will benefit at all times. Win-win situations are not guaranteed. Examples of the Stakeholder Approach Applied Reading: Five Management Scandals: What You Can Learn from Moogy A. The News Corp Hacking Scandal. By applying the stakeholder approach in this case, you get to the truth as quickly as possible. Hold management accountable. If you discover that your employees have engaged in illegal behavior, you should take appropriate action. Send a strong message that your company will not condone any form of behavior that breaks the law. In the News Corp. situation, many staff members were confronted. Be open with your findings. You may not like what your employees did, but if reporters ask you specific questions, don't be evasive in your answers. Announce new policies in your company. If your internal crisis investigation uncovers a serious problem, now is the time to announce a policy change. In the case of News Corp., they could have created a new news cycle by announcing a new, stricter code of ethics for journalists and reporters.