Saturday, October 30, 2010
Benefits of interaction with stakeholders
Strategic Stakeholder Plan and the benefits of reaching out to stakeholders. Quality input leads to quality decision making. A broader perspective reduces group think, helps to challenge traditional thinking and sparks creativity in problem solving. Greater stakeholder satisfaction with the final planning product comes from their involvement in shaping it. The chances of successful implementation increase as more stakeholders feel committed to the plan or project’s goals and take ownership of the plans design. Good Governance, transparency and open communication are served when Boards communicate and receive feedback from stakeholders, instead of being guided by personal agendas.