Bachelor of General Studies (BGS) Degree Practice Exam

What type of stakeholder power has become more crucial with the rise of information-sharing technologies?

1. Economic power

2. Legislative power

3. Informational power

4. Social power

The correct answer is: Informational power

With the rise of information-sharing technologies, informational power has become increasingly crucial for stakeholders. Informational power refers to the ability of stakeholders to access, utilize, and disseminate relevant information effectively. As technology facilitates the rapid sharing and communication of data, those who can leverage this information often gain a competitive advantage. Organizations that harness informational power can influence decisions, shape public perception, and drive engagement. This is especially important in environments where transparency and data availability are heightened due to technological advancements. Stakeholders equipped with access to information can more effectively advocate for their interests, mobilize support, and challenge prevailing narratives. In contrast, economic power typically relates to the financial resources or capital a stakeholder controls, which is important but not as directly impacted by information-sharing technologies. Legislative power involves the ability to influence laws and policies, which may not be as immediately affected by the availability of information. Social power often deals with the influence derived from relationships and social networks, but in the context of our question, it is the informational power that has gained prominence due to the capabilities and reach enabled by modern technologies.