Stakeholder involvement refers to the active participation of individuals or groups who have an interest in a project or decision. These stakeholders can include employees, customers, suppliers, and community members. Their input is valuable as it helps ensure that diverse perspectives are considered, leading to better outcomes and increased support for initiatives.
Engaging stakeholders can take various forms, such as surveys, meetings, or public consultations. This process not only fosters transparency but also builds trust between the organization and its stakeholders. Ultimately, effective stakeholder involvement can enhance decision-making and promote a sense of shared ownership in the outcomes.