How do you write a stakeholder analysis?

Performing a stakeholder analysis involves these three steps.

1. Step 1: Identify your stakeholders. Brainstorm who your stakeholders are.
2. Step 2: Prioritize your stakeholders. Next, prioritize your stakeholders by assessing their level of influence and level of interest.
3. Step 3: Understand your key stakeholders.

What is stakeholder analysis example?

A stakeholder analysis describes the process of identifying all stakeholders and assessing their influence on the business. Using stakeholder mapping tools, you can then break down their interests and influence to forge stronger relationships.

What are the techniques used to conduct stakeholder analysis?

1. Power-Interest matrix. The most common approach to stakeholder classification is to use a power-interest matrix. This matrix shows how influential stakeholders are on one axis, and how much your organization impacts or is impacted by these stakeholders on the other.

What does a stakeholder analysis look like?

A stakeholder analysis is a process of identifying these people before the project begins; grouping them according to their levels of participation, interest, and influence in the project; and determining how best to involve and communicate each of these stakeholder groups throughout.

What are the 4 types of stakeholders?

Types of Stakeholders

• #1 Customers. Stake: Product/service quality and value.
• #2 Employees. Stake: Employment income and safety.
• #3 Investors. Stake: Financial returns.
• #4 Suppliers and Vendors. Stake: Revenues and safety.
• #5 Communities. Stake: Health, safety, economic development.
• #6 Governments. Stake: Taxes and GDP.

What is a stakeholder analysis tool?

Stakeholder analysis is a basic planning and management tool that contributes to project design and policy reform by helping to identify and analyse the stakeholders involved and their interrelations.

How do you classify stakeholders?

Stakeholders with similar interests, claims, or rights can be classified into different categories according to their roles (e.g., employees, shareholders, customers, suppliers, regulators, or nongovernmental organizations). In corporate governance, stakeholders are often classified into primary or secondary groups.

What is the first step in a stakeholder analysis?

Stakeholder Analysis is the first stage of this, where you identify and start to understand your most important stakeholders. The first stage of this is to brainstorm who your stakeholders are. The next step is to prioritize them by power and interest, and to plot this on a Power/Interest grid.

What are the two main ways to classify stakeholder?

Internal stakeholders are those included within the organisation such as employees or managers whereas external stakeholders are such groups as suppliers or customers who are not generally considered to be a part of the organisation.

What are the elements of the stakeholders analysis?

Stakeholder analysis involves several key elements:

• Identifying the major stakeholders (these can be various levels—local, regional, national)
• Investigating their roles, interests, relative power and desire to participate.
• Identifying the extent of cooperation or conflict in the relationships among stakeholders.

What are the three steps of stakeholder analysis?

Whatever approach is used, there are three essential steps in stakeholder analysis: 1) Identifying the key stakeholders and their interests (positive or negative) in the project; 2) Assessing the influence of, importance of, and level of impact upon each stakeholder; and 3) Identifying how best to engage stakeholders.

What are the steps in a stakeholder analysis?

The three steps to analyze stakeholders are Identify stakeholders. This initial step includes identifying and recording stakeholder roles, interests, influence, and expectations. Classify stakeholders. Classify stakeholders based on the potential degree of support, influence, and power they have on the project. Assess support.

What is an example of stakeholder analysis?

In this case, a good example of stakeholder analysis is listing all the needs of your customer service personnel as related to problems in retrieving data. You could get this information from an employee survey.

What are the benefits of stakeholder analysis?

Why Use Stakeholder Analysis? Getting Your Projects Into Shape. You can use the opinions of your most powerful stakeholders to help define your projects at an early stage. Winning Resources. Gaining support from powerful stakeholders can help you to win more resources, such as people, time or money. Building Understanding. Getting Ahead of the Game.

Who are stakeholder analysis?

Stakeholder Analysis is the first step in Stakeholder Management, an important process that successful people use to win support from others.