Insight into Internal Cross Functional Stakeholder Engagement. References from online date and my 14 Years professional experience of various roles and dealing with different types of Stakeholders
3. DEFINITION
WHAT IS STAKEHOLDER????
WHO IS STAKEHOLDER?????
STAKE – A share or interest in a business,
situation, or system / an important part or
share in a business, plan, etc. that is
important to you and that you want to be
successful (Ref - Oxford Advanced Learner's
Dictionary)
HOLDER - a device or implement for
holding something / a person that holds
something (Ref – Google Search)
STAKEHOLDER –
A person with an interest or concern in
something, especially a business / a person
such as an employee, customer, or citizen
who is involved with
an organization, society, etc. and therefore
has responsibilities towards it and
an interest in its success (Ref – Google
Search / Cambridge English Dictionary)
SUPPLY CHAIN STAKEHOLDERS
USER (Indentor & Consumer)
QUALITY FUNCTION
FINANCE
SAFETY
REGULATORY/LEGAL
ADMINISTRATION & HR
SUPPLIERS (Primary & their
Suppliers)
COMMUNITY/SOCIETY
GOVERNMENT
CUSTOMER
4. MANAGEMENT & ENGAGEMENT
What is Stakeholder Management, Engagement & Communication
STAKEHOLDER MANAGEMENT –
The process of forming, monitoring and maintaining constructive relationships with
investors by influencing their expectations of gain resulting from their investment
appropriately (Ref – BusinessDictionary.com)
STAKEHOLDER ENGAGEMENT –
The process by which an organisation involves people who may be affected by the
decisions it makes or can influence the implementation of its decisions (Ref –
Wikipedia)
Communication & Engagement - What is the difference???????
Communication Exchange Information / Influence
Engagement - Involve / Establish Relationship
True stakeholder engagement means developing meaningful relationships which serve
to ensure that you understand and consistently deliver upon their needs and
expectations.
This may seem like an obvious concern, but many managers and business owners fail to
develop the type of relationships required and as such can, on occasion, even be
5. IDENTIFICATION OF STAKEHOLDERS
HOW TO IDENTIFY STAKEHOLDER FOR A PROJECT
who is affected positively or negatively by the
project;
who gains and who loses from it;
who wants it to succeed and who wants it to fail;
who has the power to make the project succeed or
fail;
who makes the money decisions;
who are the positive and negative opinion leaders;
who exercises influence over other stakeholders;
who could solve particular problems;
who controls or provides or procures resources or
facilities;
who has the special skills needed by the project?
WHY IDENTIFY AND ANALYZE STAKEHOLDERS AND THEIR
INTERESTS
It puts more ideas on the table
Expected Challenges/Roadblocks can be
identified Early by the perspective of Effected
Stakeholders
It generates Transparency & gains buy-in and
support for the effort from all stakeholders
It strengthens your position if there’s opposition
It increases the credibility of you towards your
commitment for other circumstances
It increases the chances for the success of your
effort
Please Identify Stakeholders for your
respective Functions
CLASSIFICATION OF STAKEHOLDERS
BASIS ASSOCIATION
INTERNAL
EXTERNAL
BASIS BENEFIT
PRIMARY STAKEHOLDERS - are
those who stand to gain
something – services, skills,
money, goods, social connection,
etc. – as a direct result of the
effort
SECONDARY STAKEHOLDERS -
include individuals that live with,
are close to, or care for the
Primary Stakeholders, and those
that offer services directly to them
6. MAPPING OF STAKEHOLDERS
Ref – Community Tool Box - http://ctb.ku.edu/en/table-of-contents/participation/encouraging-involvement/identify-stakeholders
QUADRANT -2 - Defenders have a vested interest and
can voice their support in the community, but have
little actual power to influence the effort in any way.
You can keep them informed. Can Lobby and create
Hurdles and better to keep them on Board
QUADRANT -3 - Apathetics have little interest and little
power, and may not even know the effort exists.
They need little or no management. Keep them
sporadically informed by newsletter or some similar
device, and don’t offend them
QUADRANT -1 - Promoters have both great interest in
the effort and the power to help make it successful (or
to derail it).
They need to be treated as potential allies, and their
concerns should be addressed to the extent possible
without compromising the effort.
QUADRANT -4 -Latents have no particular interest or
involvement in the effort, but have the power to
influence.
If they begin to voice opposition, then your first
attempt might be at conversion or neutralization,
rather than battle. If you can shift them to the
promoter category, you’ve gained valuable allies.
Q-4 – High
Influence/
Low Interest
Q-1 – High
Influence/
High Interest
Q-3 – Low
Influence/
Low Interest
Q-2 – Low
Influence/
High Interest
INFLUENCE / EXPERTISE
INTEREST/WILLINGNESS
Map is not Static, Changing Events/Situations
can mean Stakeholders can move around the
Map with consequent Changes
7. STAKEHOLDER ENGAGEMENT PROCESS &
TACTICS
MENTOR /
APPROVALS
ENGAGE /
PARTNER
INFORM
INTERACT /
ONBOARD
INFLUENCE / EXPERTISE
INTEREST/WILLINGNESS
KEY GUIDELINES FOR EFFECTIVE ENGAGEMENT
Treating with respect
Setting Clear Goals and Objectives
Share stakeholder Expectations & Agreeing on Deliverables
Define roles and responsibilities for implementation,
milestones, and a realistic timeline for completion
Brainstorm & Allow for equal contribution
Focus the discussion
Engaging all in decision-making
Providing whatever information, training, mentoring, and/or
other support so that they stay involved
Manage cultural dynamics
Mitigate tension & Compromise
Document the engagement
Ref – Community Tool Box - http://ctb.ku.edu/en/table-of-contents/participation/encouraging-involvement/identify-stakeholders
KEY SKILLS REQUIRED FOR
STAKEHOLDER ENGAGEMENT
Communication
Prioritization
Negotiation
Empathy
Innovativeness
Proactiveness
STAKEHOLDER ENGAGEMENT PLAN
Determine engagement objectives
Identify stakeholders
Develop plan for engagement
Implement plan
Evaluate effectiveness of implementation
Revise based on stakeholder feedback
8. STAKEHOLDER ENGAGEMENT CHALLENGES
& REVIEW
REVIEW QUESTIONS
Did you identify right Stakeholders?
Did you improve involvement of
apprehensive Stakeholders?
Were you successful in keeping people
involved?
Did you take care of Interrelationships of
various Stakeholders
Did you provide any training or other
support? Was it helpful?
Did your stakeholder analysis and
management efforts have the desired
effect? Were they helpful?
Did stakeholder involvement improve the
work, effectiveness of the effort?
Did you deliver the desired outcome?
Did you improve Trust and forge long term
relationship with all members?
Ref – Community Tool Box - http://ctb.ku.edu/en/table-of-contents/participation/encouraging-involvement/identify-stakeholders
CHALLENGES
Time Consuming
Increased Training &
Resources
Multi-Tasking
Using Policy as Stick
Egoistic Positions
Over-Competitiveness
Personal Bias
Bureaucracy
Lack of Ownership
Availability
Slow Starter
Increased
Documentation
Different Understanding
Not fully Representative
Improper
Communication
9. As mentioned Engagement is gradual process and if executed fairly and consistently then
involvement/commitment of various stakeholder gradually improves as mentioned in above graph
of commitment Curve.
Purpose was to emphasise the importance of building strong relationships with the key
stakeholders in our business and Functions & refocus our thinking about how we currently engage
with them so that we maximize the strategic returns generated from our relationships with them.
Undoubtedly, what has been presented here was not entirely new to us, but very often the day to
day pressures of running your operation can cause us to lose focus on important issues such as
COMMITMENT CURVE
10. THANKING ALL FOR VIEWING
I would like to mention that references have been taken from various online
sites such as Wikipedia, Oxford Business Dictionary, Community Tool box
etc.
I have tried to collate and present basis above references and my
experience of having worked in various functions at various roles with
exposures to stakeholders of different types.
Thanking once again
Please feel free to reach me on
Linked In Profile - http://in.linkedin.com/in/chandanshirbhayye
Twitter - Chandan Shirbhayye @CShirbhayye
Skype - chandan.shirbhayye