Stakeholder theory

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    Anonymous User30Anonymous User30
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    A stakeholder is a party in which it has an interest in a company and which may influence or influence the business. A typical corporation has four main stakeholders: its investors, employees, customers, and suppliers. Stakeholders can be internal or external to an organization. Internal stakeholders are people whose interest in a company is through a direct relationship, such as employment, ownership, or investment. One example is investors. External stakeholders are those who do not work directly with a company but are influenced in some way by the actions and outcomes of the business. One example is suppliers.
    Stakeholder analysis is the process of assessing a system and possible changes to it as they relate to relevant and interested parties. It is an important step in stakeholder management. Understanding the attributes, interrelationships, interfaces in project advocates and your opponent helps you plan your project strategically.
    There are three steps to conducting stakeholder analysis. The first step is to identify your stakeholders. Think about the people who are influenced, influenced, or empowered by your work, or who are interested in the successful or unsuccessful conclusion. The second step is to prioritize your stakeholders. You can map your stakeholders and place them according to their power over your work and interests, on a power / interest grid. There will be four grids: (1) High power, very interested people (2) High power, fewer interested people (3) Low power, very interested people (4) Low power, fewer people who are interested in it. The third step is to understand your key stakeholders. You need to ask questions to understand e.g. What are their financial or emotional interests in the outcome of your work?

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