What is a Buy-in? Definition or Meaning

Having a plan or strategy is one thing, getting consensus on it to execute is another. For a particular scheme to work, you would need what’s called a buy-in from key stakeholders. This means getting their acceptance or acquiescence on the specific course of action.

For example…

Let’s say the HR division of a large corporation wanted to introduce a paperless model for all leave applications. To do this, they would need to get buy-in or agreement on the strategy, the tool to aid the process and its workflow from several groups. Employees themselves are one major group, but higher management and even the board may need to be considered to get buy-in for this major company-wide initiative.