Importance of Maintaining Balance of Power b/t Stakeholders
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Why is it important to maintain a balance of power between different groups of organizational stakeholders?
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This solution discusses why is it important to maintain a balance of power between different groups of organizational stakeholders. APA reference is included.
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It is important to maintain a balance of power between different groups of organizational stakeholders in order for the organization to reach its' maximum potential. Research at the Western Electric Hawthorne plant showed that the major cause for increase in productivity is the relationship formed between employees, and employees and management.
By maintaining a balance of power and encouraging all stakeholders to have a voice, decision making is improved, there is more innovation, and individuals become more ...
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