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
