It is extremely important for an organization or project or professional, to know the key stakeholders and monitor how probably feel and react to the action of products and services.
They also need to know who and how stakeholders will be included in the potential business activities, as well as the best way to contact them.
Managing stakeholders is not a one-off activity, but an ongoing process that should be continuously monitored, since the opinions and attitudes of people may waver and change.
The key of stakeholder management is the sincere attitude towards them and gaining their confidence, by keeping them constantly informed about the actions and taking into account their views.
Stakeholder Management benefits are the following:
- Opinion of the most powerful stakeholders can shape and improve the quality of your projects at an early stage.
- Support from powerful stakeholders can help to secure more resources.
- Solid communication with stakeholders early and frequently can ensure understanding of the project benefits, that means active support when necessary.
- Anticipate reactions to the project helps to developing a plan of actions that will win people’s support.