What is Stakeholder Management and How do I Know if I Need it?

First of all, what’s a stakeholder? A stakeholder is an external organization or group of people who can be influenced by you and your actions or who can influence you. So stakeholder management is where you work to keep an eye on these stakeholders and determine how much influence they have over you and how interested they would be in wielding that influence in support or against your interest.

So when do you know if you need a Stakeholder Manager? It’s a subjective question but the easiest way to think about it is to reframe it and ask, ” Do I have an interest in being an active part of this dynamic”. If yes, then a Stakeholder Manager would be helpful to help you manage your external relationships. If not, then you are better served by using your money elsewhere.

Give us a call if this is something you need help with at 775-391-6070 or by clicking here.