Firms often go the disruptive route in innovating but tend to overlook the stakeholder's contribution to the firm. How do stakeholders impact the firm's operations and how can firms be more accommodating of stakeholders' interests before making drastic decisions e.g. acquisition of a new company?
think it also depends on the concentration of power of the stakeholders - how much stake and thus power the stakeholders have. whether they really can influence the course of the organization.
their relative concentration (stake/ shareholding) affects their power, and then it is a matter of their interests.
in a sense, similar to sitting on the board...
I think it's all about building accountability, trust, and mutual conversation.
The ways different stakeholders impact the firm's operations depend on the strength of the dialogue and how much they value their two-way communication.
The principles of Corporate Governance are a clear path: transparency, fairness, accountability and responsibility.
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