What does it mean when stakeholders have been 'satisficed'?

Question

Quizplus · Accepted Answer

When stakeholders have been 'satisficed', it means they have been given just enough to make their contribution worthwhile. This term was coined by Herbert Simon, an American economist, who suggested that decision-makers often settle for a solution that is good enough, rather than continuing to search for the optimal solution. In the context of stakeholder management, satisficing implies that stakeholders have been given enough to keep them engaged and satisfied, without overpromising or overcommitting resources.

What Does It Mean When Stakeholders Have Been 'Satisficed