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. Stakeholder mapping and stakeholder engagement is crucial to achieving these goals if you manage your stakeholders well they will actively support you if you ignore your stakeholders they will sabotage your project ( stakeholdermapcom . What is stakeholder analysis description a stakeholder analysis is an approach that is frequently used to identify and investigate the force field formed by any group or individual who can affect or is affected by the achievement of the objectives of an organization stakeholder analysis identifies the ways in which stakeholders may influence the organization or may be influenced by its.
In this article, we’ll explain stakeholder analysis and mapping, and how to begin to decide what elements of the project are related to which stakeholders, and how best to set up your project and your stakeholders for great results. Suitability is deals with the strategic location considering the position of the environment, strategic capabilities of the firm and the prospects of the stakeholders the environmental point of view, ie the steep analysis reveals that easyjet’s choice of cost-leadership strategy was appropriate to the macro-environmental factors.
Easyjet despite a significant increase in passenger taxes and economic instability around the world this is a very healthy figure which might grow within the next years as a result of more and more people flying by budget airlines and positive image of easyjet.
Below is another example of a stakeholder analysis template created using a mind mapping tool the first four branches organise stakeholders into the impact and influence groupings, and stakeholders are then mapped by adding branches to each group. Ideally, a stakeholder analysis should be performed regularly or even continuously, since the relevant stakeholders, their power and associations may change quickly note that the management of an organization has to assess the position of each stakeholder.
What is stakeholder analysis description a stakeholder analysis is an approach that is frequently used to identify and investigate the force field formed by any group or individual who can affect or is affected by the achievement of the objectives of an organization. Relevance of stakeholder analysis to society c/b/22 outline the economic and strategic issues to be considered when a company is designing and implementing business strategy with a complex set of stakeholders to manage. Stakeholder analysis is the systematic identification, evaluation, and prioritization of everyone who can influence, or has an interest in, a project, program or business it assists with the development of an effective stakeholder communication and engagement strategy and is a fundamental element of an organization’s stakeholder management plan. Stakeholder analysis is the first stage of this, where you identify and start to understand your most important stakeholders” (mindtools, 2007) the proper execution of this process determines the success or failure of the project involved.
Swot analysis 4 1 internal analysis strengths| weakness| leading airline with low-cost flights which across most big city in europe such as berlin, milan, paris and so on (easyjet, 2008) being seen as an innovative and flexible organization and has a strong e-business which offers full and fast price plan to customers. Stakeholder mapping is a collaborative process of research, debate, and discussion that draws from multiple perspectives to determine a key list of stakeholders across the entire stakeholder spectrum.
For details about easyjet’s capabilities of, a value chain analysis will be endeavoured in spite of the fact that it is a service rather than a production company whereby importance will be laid on the events that would create a valued end service. How to make a stakeholder map bring together the project team and think about all the people who you need for project success this will include the people you need to deliver the project, those who are affected by the change, and those on the sidelines observing your every move.