Answer to Question #254460 in Management for Sayu

Question

How do you identify and analyze stakeholders and their interests by using stakeholder analysis/stakeholder mapping? Choose a project to show your clear answer.

Answer 1

Project: Investing in a company

Stakeholder analysis is the first step in stakeholder management and is important to determine their value and interest before investing in a company. I can use stakeholder analysis to identify my stakeholders by determining who they are from shareholder perspectives. Secondly: prioritize stakeholders, classify them based on their power and interest in the project. Thirdly: Understand stakeholders’ response to the project, including emotional interests, motives, and information they might require.