What is the role of stakeholder engagement in idea validation?

Stakeholder engagement is a crucial component of idea validation. It serves as an important way for organizations to take into account the perspectives of those who will be impacted by the idea before taking any further steps towards implementation. By engaging stakeholders during the idea validation process, organizations can ensure that the idea meets their needs, considers all potential risks, and offers the greatest potential benefit to everyone involved. Stakeholder engagement is therefore key in making sure that ideas are not just viable but responsible and beneficial, too.