Before deciding on a course of action, seasoned leaders try to anticipate the potential reaction of stakeholders. So who are stakeholders? A less seasoned leader may look no further than customers. A more experienced leader will include the following:
- suppliers
- partners
- investors
- labor unions
- industry associations
- regulatory agencies
- interest groups
- community groups
Source: Judgment: How Winning Leaders Make Great Calls by Noel Tichy and Warren Bennis.
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