Stakeholders

Please discuss why it is important to include stakeholders in organizational decision making. Keep in mind that this concept can be used within the organization (that is, individuals and groups within the organization could be impacted by a decision?) and external to the organization as well (how will stockholders, customers, regulators, suppliers, the community, employees, and/or labor unions be impacted? What about media, watchdog groups, and governmental regulators?). Also, how transparent should an organization be if it wants to be viewed as ethically grounded and socially responsible?

 

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