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Stakeholder Symbiosis

Stakeholder symbiosis as a concept has enormous intuitive appeal. Imagine an organization where stakeholders work together cooperatively instead of adopting a competitive stance toward each other. All the time and effort wasted in competing can be put to better use by all of an organization’s stakeholders.

This is an important concept. It has been highlighted by prestigious organizations such as the American Productivity & Quality Center and the European Foundation for Quality Management.

Definition of Stakeholder Symbiosis

Stakeholders are the different groups with a vested interest, or “stake,” in an organization or situation. Stakeholder symbiosis has been defined as the emerging notion that each of an organization’s stakeholders exists in a state of interdependence, including workers, shareholders, suppliers, customers, and the general public. Another definition can be considered—this ...

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