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Decision Making

Should stakeholder needs and values be considered in a formal decision making process? Minimum 250 words

Where in the decision making process are stakeholder needs and values addressed? Minimum 250 words

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Stakeholder needs should definitely be considered in a formal decision making process. This is because any corporation or business that is providing a service or a product is relying on the consumer to purchase that service or product. If nobody purchases these items, the business will soon go out of business and there will be no purpose for any items or services to be produced or sold. Thus, consumers have to be considered. In addition, other stakeholders who are not yet consumers but may be consumers in the future should be considered as well. We live in a very social society and a lot of products become popular through word of mouth. Therefore, a company has to be aware of their communities and the environment in order to ...

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