Prof. Michael Strauch
April 18, 2021
Stakeholder Analysis Summary
Company projects require participation, guidance, and approval from a wide range of people across the organization, the stakeholders of the organization. If they don’t understand or agree with the project’s objectives, plans and processes. Any of these company stakeholders can become obstacles in the way of the project’s success. However, if the help and opinions of the stakeholders are enlisted in the beginning, the help and approval of these stakeholders can turn many of these individuals into great supporters of the project initiatives. This is why it is important to conduct a stakeholder analysis before beginning any complex company project, to identify all potential stakeholders and determine how best to earn their support. The following summary will explain information that was derived from our stakeholder analysis and explain the following:
1. Stakeholder attitudes towards the identified problem of hiring and maintaining quality staff.
2. Stakeholder attitudes or previous experience related to past attempts at problem solution.
3. Stakeholder ideas for potential solutions.
4. Identify the key stakeholders that will be sought out to sponsor our implementation of the problem.
5. Identify the stakeholders that will be directly affected by the problem solving.
6. Identify the stakeholders that could pose potential roadblocks to the solving of the problem.
The stakeholders have mixed attitudes towards the identified problem of hiring and maintaining quality. The shareholders are leery of the need to implement change due to the increase in spending it would require. The shareholders feel that in the current financial climate, the increase in spending is unnecessary. Senior level executives would be next on the list of stakeholders. Their feelings toward the change effort are positive. They see the need for change and the positive benefits that the change would bring. However, they must also consider the spending, because their first priority is to keep the shareholders happy. Third on the list of stakeholders is the employees. They also have a positive disposition towards the change. For the most part the anticipated reaction will be positive and welcoming. However, there are always negative issues or reluctant participants when it comes to change. Last on the list of stakeholders would be the residents or the customer. The customer’s attitude is indifferent to the change. Some residents think it is a good idea, but most do not care either way.
The last attempt at change was meet by positivity by all stakeholders. The implementation of resident portal to pay rent, submit payments and submit work request was something that should have been implemented and the pandemic made that very clear and caused the immediate need for change. Stakeholders were happy to see the change.
The shareholders are not certain that the problem is a problem, well not an immediate problem. The senior executives agree that there is a problem and have implemented minor changes as far as assigning virtual trainings and are considering this as a solution. The employees fell that the implementation of a mentorship program would be a viable solution to the problem. The customer has no bearing on the solution process and therefore has no input for solutions for the problem. The main stakeholder that will be sought out to sponsor the implementation of the change effort is the shareholders, being the investors they control the money, and will ultimately determine of the project will move forward.
The employees would be the stakeholder that would be directly affected by the problem solving. By putting more focus and money into hiring and employee development. Employees will experience increase in their skill set and knowledge base, increased job satisfaction increased confidence, and a better work life balance.
The shareholders are the stakeholder that may pose potential roadblocks to the change effort. They are not totally convinced that spending more on hiring and employee development are needed at this time.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more