Strategic Decision Making in Microfinance Organizations: Stakeholder Perspective
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Abstract
Description
Micro finance organizations have been increasing dramatically worldwide. This
increment calls attention for these organizations to making strategic decisions which will
enable them compete. We examine and discuss the roles that micro finance stakeholders
in boards can play in the process of making these decisions. We combine board, strategic
decision making and stakeholders’ literature in order to show how micro finance
stakeholders’ representation in boards can be advantageous to these organizations,
specifically in strategic decision making process. Future empirical research on
stakeholders and strategic decisions in Microfinance organizations is identified and
encouraged.
Keywords
Microfinance Organizations, Stakeholders, Boards, Strategic decision making process