Stakeholder analysis is an important part of stakeholder management business practices. The primary objective of stakeholder management is for an organization to create and maintain positive relationships with its stakeholders. This is accomplished through the strategic management of stakeholder expectations and objectives. Stakeholder analysis identifies the individuals or groups who may be affected by a proposed action by examining what stakeholders want or need, as well as their concerns, authority, relationships with each other, and interfaces. Once this information has been identified, an assessment is made regarding how to address stakeholder interest in a proposed project, policy, or other business action.
The objective of stakeholder analysis is to identify the groups or people who might be influenced a suggested activity through examining their needs and wants along with their associations with one another, authority, interfaces and concerns (Julia, 2018). The stakeholders indentified are senior executives, customers, lenders, my colleagues, interest teams, the government and others. Below is a diagram for stakeholder analysis
According to Intrafocus (2017), a Strategy Map is an illustration that defines the manner in which an organization of a company can build value via connecting objectives of strategy in a relationship that is cause and effect grounded on the four Balance Scorecard perspectives: Learning and Growth, Internal Perspectives, Customers, Financial and even …………..
