Multistakeholder Approach

The multistakeholder approach is a way of making decisions that involves different groups of people or organizations with a shared interest, such as governments, businesses, civil society, and experts. Instead of relying on just one perspective, this approach encourages collaboration and dialogue among all parties to find balanced, effective solutions. It recognizes that complex issues benefit from diverse input, fostering transparency, inclusiveness, and legitimacy in decision-making processes. By working together, stakeholders can address challenges more comprehensively and create policies or strategies that consider multiple viewpoints and interests.