Please discuss why it is important to include stakeholders in organi.docx
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Including stakeholders in organizational decision-making is crucial as it ensures that the perspectives of both internal and external groups are considered, thereby enhancing the quality of decisions. Stakeholders such as employees, customers, and regulators can be significantly impacted by organizational choices, leading to improved trust and accountability. Transparency in the decision-making process is vital for organizations to be perceived as ethically grounded and socially responsible.
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Please discuss why it is important to include stakeholders in organi.docx
- 1. 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? (I just need a small paragraph)