What can be a result of excluding key stakeholders from business planning?

Excluding key stakeholders from business planning can lead to potential misalignment with goals and objectives because these stakeholders often possess vital insights and perspectives that are critical for creating a coherent and effective business strategy. Stakeholders such as employees, customers, suppliers, and investors typically have different viewpoints and expertise that help inform the business's direction. When their input is missing, there is a risk that the planning process may not address the actual needs and expectations of those who are affected by or have a significant influence on the business.

As a result, the goals set during the planning phase may not fully align with the realities of the market or the operational capabilities of the organization, leading to ineffective strategies that fail to resonate or perform well. This misalignment can ultimately hinder the organization's success, as achieving the business's objectives becomes more difficult without the necessary support and understanding from all relevant parties. Therefore, including stakeholders is crucial for ensuring comprehensive planning and maintaining alignment with broader business goals.