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Some people would use different tactics or strategy in order to win support from others. This can be applied in making projects that should end up being a success. For instance, a stakeholder is the one who can get an interest in a certain company usually called as investors, customers, employees and even suppliers. They define the future of a company. In this article, you will be able to explore about it and how to perform a stakeholder analysis.
A stakeholder analysis is the process of identifying the important people needed before a specific project begins. It also contains techniques in identifying the expectations and interests related to the project environment. Each of these components will be grouped according to their participation impact and influence of the project.
Stakeholders are individuals whose interests in a certain project may affect the outcome positively or negatively. There are types of stakeholders.
The purpose of a stakeholder analysis is to:
By doing this, you will be able to start earning their support for your upcoming project. But before knowing who your target influencers are, make sure that you have already conducted a stakeholder analysis.
You can set meetings with people to communicate with them about the plans and objectives of your project. With this, you will be more focused on achieving the desired outcome and you will have a clearer understanding of what success looks like.
Through a stakeholder analysis, you will be able to detect an issue earlier such as possible objections and changes suggested by the executives. This can help you find better solutions and replacement of your previous ideas that can contribute to the success of your project.
The most common stakeholders can be your direct manager or supervisor, investors, government, executives and co-workers.
Yes. A stakeholder analysis is the first step in strategic planning which allows us to consider the needs in every aspect of the business.
Players are the ones considered as high interest people whom you want to collaborate with. Context setters are the ones that has a lot of influence but don’t want to be involved.
It is important to know who your potential stakeholders are. They serve as the vital component for the success of your project. Perform a good stakeholder analysis by knowing your stakeholders better and their ability to contribute to your work.