Tech Glossary
What is Stakeholder Management?
Stakeholder Management is a strategic process that aims to identify and manage stakeholders who influence or are influenced by an organization. By engaging and communicating effectively with stakeholders, the organization can build trust and create sustainable relationships. There are various methods and tools that can be used to implement a successful Stakeholder Management process. A common method is to map the stakeholders and their interests, needs and expectations. It is also important to communicate regularly with stakeholders to keep them informed and engaged. By actively managing stakeholders, the organization can minimize the risk of conflict and maximize support for its operations. An effective Stakeholder Management strategy can help ensure the organization's long-term success and sustainability.