EC 13 - Stakeholder Analysis

Question 1

Define stakeholder

Answer 1

An entity, individual or group that can affect, or be affected by, an entity’s actions.

Question 2

3 categories of stakeholders

Answer 2

• decision makers
• key stakeholders
• other stakeholders

Question 3

Define decision makers

Answer 3

Those responsible for an entity’s decisions

Question 4

Define key stakeholders

Answer 4

Those who have influence over an organization and are also highly affected by decisions made

Question 5

Define other stakeholders

Answer 5

Those who may be indirectly affected by decisions made, but at a lower impact.

Question 6

Next step after identifying stakeholders

Answer 6

Identify their preferences and needs

Question 7

When analyzing issues, you should consider

Answer 7

pros and cons for the stakeholders and decision makers

Question 8

To conclude and advise

Answer 8

Prioritize the decision maker goals and objectives