1. Enhanced Communication: Information technology has enabled businesses to communicate with their stakeholders more quickly and easily. Through the use of email, social media, and web conferencing, businesses can quickly reach out and share important messages with stakeholders, no matter where they are located. This enhanced communication helps businesses to keep their stakeholders informed and engaged, resulting in better relationships and improved customer satisfaction.
2. Increased Collaboration: Information technology has enabled businesses to collaborate with their stakeholders more effectively. Through the use of online collaboration tools and shared workspaces, businesses can easily share documents, communicate in real-time, and work together to achieve business objectives. This increased collaboration helps to reduce costs, increase efficiency, and foster better relationships between the business and its stakeholders.