Final answer:
Strategic managers should ask four key questions to assess the importance of stakeholder concerns in a decision: who are the stakeholders, what are their concerns, how much power do they have, and what is the potential impact on them?
Step-by-step explanation:
The four questions that strategic managers should ask to assess the importance of stakeholder concerns in a particular decision are:
Who are the stakeholders? Strategic managers should identify and understand all the relevant stakeholders who may be affected by the decision.
What are the concerns of the stakeholders? Strategic managers need to determine the specific concerns and interests of each stakeholder in order to prioritize them effectively.
How much power and influence do the stakeholders have? Strategic managers should assess the power and influence that each stakeholder holds, as it can affect the impact of their concerns on the decision-making process.
What is the potential impact on stakeholders? Strategic managers need to evaluate the potential positive or negative impact that the decision may have on each stakeholder.