English · Work & Business
stakeholder-buy-in
/ˈsteɪkˌhoʊl.dər ˈbaɪ.ɪn/
[/ˈsteɪkˌhoʊl.dər ˈbaɪ.ɪn/]
key-party agreement
Advancednoun
Definition
The agreement and support of key interested parties for a plan or decision.
Example
Securing stakeholder buy-in early prevented arguments once the project was well underway.
Securing stakeholder buy-in early prevented arguments once the project was well underway.
Etymology
A compound of 'stakeholder' and 'buy-in', from corporate management jargon.
How & Where It’s Used
Used in project management and organizational change.