The compromise may be a lowest common denominator, too safe and incremental, insufficiently radical. Stakeholder theory does not adequately deal with fast moving situations in which radical change is often needed. Businesses are urged to become Investors in People . Donovan style pluralism emphasises collective bargaining which focuses on pay and basic terms and conditions. Under thiis form of pluralism the economically motivated employee has had to fight tooth and nail for good rewards and working conditions.
Bargaining becomes a necessary ritual for everything.
It is superficial to suggest that feedback from and to employees improves via the conduit of representative participation. Such participation is too separated. Modern team, project and group methods at work involve the worker far more at the point of doing their job - where their ability to influence decions that are meaningful to them is greater. These workplace improvements reflect the job enrichment recommendations of Herzberg. Stakeholder meetings can reflect resistant rather than willingness to change.