Answer to Question #297096 in Management for Jack Patz

Question #297096

You are the Head-Manufacturing of Mittal Steel. You are planning to set up a brand-new

Manufacturing plant at a village in rural Karnataka. Perform a Stakeholder analysis & suggest which all stakeholders will be taken into

confidence & also what would be your communications approach plan to bring them into

your point of view? (Please assume that Covid-19 pandemic is over).


1
Expert's answer
2022-02-21T17:01:04-0500

Identify your stakeholders

List everyone who is touched by the work of Mittal Steel or has a vested interest in its success or failure. Some of these connections could be with investors, advisors, and workmates

Prioritize your stakeholders

Prioritize the stakeholders by measuring their level of influence and interest in Mittal steel company using the visual Grid tool. Engage all of the manufacturing company's high-powered and highly interested employees in order to satisfy them. People with a lot of influence but not a lot of interest: Keep these stakeholders happy, but not so much that they become bored with your message. Low-power, extremely interested individuals: Inform and consult with these individuals to ensure that no serious concerns occur. In a supportive capacity, people in this group can frequently be quite helpful with the intricacies of the project. People with low power and little interest: Again, keep an eye on them, but don't bore them with too much communication.

Understand your key stakeholders

Now that you've identified and prioritized your stakeholders, you need to know how they feel about the Mittal steel company. A project management communication plan should be developed after you have prioritized the stakeholders and considered their attitude toward the project. A communication matrix will inform everyone involved about how frequently they must include stakeholders and how to do so. Allows stakeholders to provide input, which can assist the team in detecting difficulties early on and reducing wasted work.


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