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In order to apply stakeholder theory, you must first identify the various stakeholders that will be affected by the corporate action (or decision) in question.

In order to apply stakeholder theory, you must first identify the various stakeholders that will be affected by the corporate action (or decision) in question. However, identifying each stakeholder group can be difficult for a variety of reasons, including the various biases that we discussed last week. What are some ways to increase the likelihood that you will identify all relevant stakeholder groups? In other words, how might you reduce the likelihood that you will overlook certain groups and fail to take them into account?

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