Stakeholder Mapping Flashcards
What is the purpose of Stakeholder mapping?
Stakeholder mapping identifies stakeholder power and attention in order to understand strategic priorities. (Walker et al. 2008. Influence, stakeholder mapping and visualization)
What are the two components of stakeholder mapping?
Power and attention (Newcombe, 2003)
What are the types of stakeholders?
Key players, sleeping giants, Gadflies and Irrelevants
What do you need to do with Key players?
Actively cultivate
What do you need to do with irrelevants?
Minimal effort
What do you need to do with sleeping giants?
keep satisfied
What do you need to do with Gadflies?
keep informed
What does Power involve?
the ability of individuals or groups to persuade, induce or coerce others into following particluar strategies
What does Attention involve?
Taking advantage and forming political coalitions of stakeholders through the level of attention they pay to certain issues within the organsation
What are stakeholders?
Stakeholders are individuals or groups who have an interest in or are affected by the activities or outcomes of an organization or project (Freeman, 1984)
What is interest?
People who are going to be affected by you
What is influence
People who are going to affect you
What is the value of stakeholder mapping?
Stakeholders can be prioritized, and their level of interest, power, and influence can be identified, enabling organizations to better manage relationships, build trust, and ensure that their activities align with stakeholder expectations (Mitchell et al. (1997). Toward a theory of stakeholder identification and salience)
What are internal stakeholders?
People who serve the business and the brand (i.e. owners, project managers, employees)
What are external stakeholders?
Members outside of the business who will affect, or will be affected by your activities