Stakeholder Analysis Process
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=History= | =History= | ||
| − | The term “stakeholder” appeared for the first time in 1963 in management literature at the Stanford Research Institute [Edward Freeman, R.]. The stakeholder concept has since been modified and expanded to a number of disciplines over its lifetime. The original way of thinking of stakeholders was as shareholders or stockholders – considered as the only group that management was responsible to. The stakeholder theory was for the first time detailed described in the book Strategic Management: A stakeholder Approach by R. Edward Freeman in 1984 where the term stakeholder became specified as everyone who has the possibility to affect or may be affected by the action of a corporation [Edward Freeman, R.] Later on was the stakeholder theory combined with strategy theory and together was the stakeholder management approach formed. The leaders in the development and integration of the stakeholder approach in strategy theory (stakeholder management) were Harrison and St. John [Harrison S. J. and John H. St., C]. | + | The term “stakeholder” appeared for the first time in 1963 in management literature at the Stanford Research Institute <ref>[Edward Freeman, R. “Strategic Management: A Stakeholder Approach” page 31 section “History of Stakeholder”]<r/ref>. The stakeholder concept has since been modified and expanded to a number of disciplines over its lifetime. The original way of thinking of stakeholders was as shareholders or stockholders – considered as the only group that management was responsible to. The stakeholder theory was for the first time detailed described in the book Strategic Management: A stakeholder Approach by R. Edward Freeman in 1984 where the term stakeholder became specified as everyone who has the possibility to affect or may be affected by the action of a corporation [Edward Freeman, R.] Later on was the stakeholder theory combined with strategy theory and together was the stakeholder management approach formed. The leaders in the development and integration of the stakeholder approach in strategy theory (stakeholder management) were Harrison and St. John [Harrison S. J. and John H. St., C]. |
=Stakeholder Analysis= | =Stakeholder Analysis= | ||
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= Reference = | = Reference = | ||
| − | [Edward Freeman, R.] | + | [Edward Freeman, R.] |
[Varvasovszky, Z. and Brugha, R., 2000] Varvasovszky, Z. and Brugha, R. “How to do (or not to do)… A stakeholder analysis” Oxford University Press 2000. | [Varvasovszky, Z. and Brugha, R., 2000] Varvasovszky, Z. and Brugha, R. “How to do (or not to do)… A stakeholder analysis” Oxford University Press 2000. | ||
Revision as of 18:48, 23 November 2014
Competent managing of different stakeholders in projects, programs or portfolios is a crucial part of project management. A project success depends exclusively on the stakeholders satisfaction, which makes the handling essential. Stakeholder has different influence and interest in projects and must therefore be treated in individual ways. Stakeholder analysis process consists of a number of steps including a large variety of methods and tools that establish a broad foundation of knowledge and understanding of the different stakeholders behavior. The stakeholder analysis is a dynamic process through a project, as stakeholders are changing character, new are acceding and old are leaving. The stakeholder analysis is overall creating groundwork for evolving a decision and conduct strategy of managing the stakeholder. A stakeholder analyses is a simple and helpful approach for creation of a managing strategy, but it is also providing some distortion view of the reality.
History
The term “stakeholder” appeared for the first time in 1963 in management literature at the Stanford Research Institute [1]
Cite error:
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