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FOR PARTICIPANTS ONLY 23 July 2008 UNITED NATIONS ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC Artist GMS Research Team Meeting Political Economy of Regional Integration in the GMS: A Stakeholder

How to fill out a stakeholder analysis

How to fill out a stakeholder analysis:

1. Identify all the stakeholders: Begin by making a comprehensive list of all the individuals, groups, or organizations that may be affected by or have an impact on the project or decision being analyzed. This can include internal stakeholders (such as employees, managers, and shareholders) as well as external stakeholders (such as customers, suppliers, government agencies, and community groups).
2. Assess the influence and interest of each stakeholder: Once you have identified the stakeholders, analyze their level of influence and interest in the project or decision. This can be done using a Power-Interest Grid or any other suitable tool. This step helps prioritize stakeholders based on their importance and potential impact on the outcome.
3. Determine the stakeholders' expectations, needs, and concerns: Engage with each stakeholder individually or through surveys, interviews, or focus groups to understand their expectations, needs, concerns, and potential risks associated with the project. This information will help you understand their perspective and incorporate it into the analysis.
4. Analyze the stakeholders' influence and impact: Evaluate each stakeholder's influence on the project or decision and their potential impact on its success. Consider factors such as their resources, expertise, relationships, and ability to advocate for or against the project. Assign appropriate weightage or scores to quantify their influence and impact.
5. Identify potential strategies for stakeholder engagement: Based on the stakeholder analysis, identify potential strategies to engage with each stakeholder effectively. This may include regular communication, involvement in decision-making processes, addressing their concerns, seeking their feedback, or forming partnerships. Tailor the strategies to meet the specific needs and interests of each stakeholder.

Who needs a stakeholder analysis:

1. Project managers: Stakeholder analysis is crucial for project managers as it helps them understand the key individuals or groups that can influence the project's success. By identifying and engaging with stakeholders, project managers can minimize risks, manage expectations, and build support for the project.
2. Decision-makers: Stakeholder analysis provides decision-makers with insights into the potential impacts and implications of a decision on various stakeholders. It helps them assess the risks, benefits, and trade-offs associated with different options and make more informed decisions.
3. Change managers: When implementing organizational changes, stakeholder analysis is essential to identify those who will be impacted by the change. Understanding stakeholders' concerns and expectations enables change managers to develop effective change strategies, address resistance, and ensure successful implementation.
4. Business leaders: Stakeholder analysis assists business leaders in identifying the perspectives, interests, and potential risks associated with specific projects or goals. It helps them align their organizational strategies, mitigate conflicts, and build strong relationships with key stakeholders.
5. Social and environmental advocates: Stakeholder analysis is critical in social and environmental contexts as it helps advocate for the interests and concerns of affected communities or ecosystems. By understanding the stakeholders' perspectives, these advocates can ensure that their voices are heard and taken into account in decision-making processes.

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What is a stakeholder analysis?

A stakeholder analysis is a process of identifying and evaluating individuals, groups, or organizations that may affect or be affected by a proposed action or decision.

Who is required to file a stakeholder analysis?

Typically, businesses and organizations are required to file a stakeholder analysis as part of their project planning or decision-making process.

How to fill out a stakeholder analysis?

To fill out a stakeholder analysis, one must identify stakeholders, assess their interests and influence, and develop strategies for engaging with them.

What is the purpose of a stakeholder analysis?

The purpose of a stakeholder analysis is to better understand the stakeholders involved in a project or decision, and to effectively manage their interests and concerns.

What information must be reported on a stakeholder analysis?

A stakeholder analysis should include a list of key stakeholders, their interests, their level of influence, and strategies for engaging with them.