The success of every initiative realizes on good stakeholder management. It is all about engaging the right people to make a difference in your business
Stakeholders vs Stakeholders
success. The more people you connect with, more influencers you engage, the greater positive or negative impact you will have. It is the difference between success and failure.
Consider these 4 benefits of using a stakeholder based approach:
- Engage the most influential stakeholders to help shape the planning process and support agreed upon initiatives
- Increase access to resources through leveraging the key stakeholder’s abilities to help you get key initiatives approved, supported and move things forward
- Connect through benefit based communications early and often to ensure the stakeholders know what is going on. This activates support.
- Predict challenge areas where key initiatives and work element may not be as populate and to build plans to win support.
Every initiative should start with proper stakeholder analysis. A stakeholder based approach provides a means to activate your strategic, tactical and operational initiatives more successfully. There are benefits from taking a stakeholder approach. It is a matter of knowing the stakeholders level of power and level of interest in your initiatives. Once you understand that you can engage, increase, connect and predict your way to increased business initiative success.
Question: When you start your planning efforts (strategic, tactical, operational) what do you do to better understand and identify your stakeholders business impact?
