Wednesday, March 28, 2018

8-Advantages and disadvantages of Stakeholder Analysis

Advantages of Stakeholder Analysis

  • Get to know stakeholders better:
    • Relative importance, power and interests 
    • Better managed relationships
    • Risks identified 
  • Make better strategies and decisions
  • Greater acceptance of organisation actions by stakeholders

Disadvantages of Stakeholder Analysis

  • Best done on continuous basis
  • Assessment of analysis may be subjective
  • Maybe not all stakeholder interests can be met at the same time
    • Focus on most important stakeholder
    • Balance & reconcile all interests according to importance or urgency