stakeholderinclusive
Stakeholderinclusive is a term used to describe processes and practices that ensure a broad and representative set of stakeholders are included in decision-making. It emphasizes that those affected by a decision should have meaningful input, influence, and access to information, with attention to inclusion of marginalized groups, communities, employees, customers, suppliers, regulators, and civil society.
Origin draws on stakeholder theory (Freeman) and participatory governance. Applied in corporate strategy, public policy, urban
Principles and methods include: early engagement, ongoing dialogue, transparent information sharing, equal opportunity to participate, capacity
Benefits include enhanced legitimacy, better risk identification, more innovative solutions through diverse perspectives, better alignment with
Challenges involve power imbalances that can skew influence toward vocal or resource-rich groups; ensuring real influence
Relation to other concepts: related to stakeholder theory, inclusive policymaking, participatory governance, co-creation, and open governance.