Answer to Question #264501 in Marketing for Akhona Klanisi

Question

Discuss the importance of stakeholders when setting organisational strategic intent when formulating an organisation’s vision, mission and long-term objectives.

Answer 1

Stakeholders are involved in the creation of any decision or project from the beginning can contribute ideas and assist build potential solutions. Stakeholders often come from different backgrounds, so they approach issues from different angles. This allows for the expression and discussion of competing perspectives.