What Are Stakeholders In Policy?

by | Last updated on January 24, 2024

, , , ,

A stakeholder is

an individual or group that makes a difference or that can affect or be affected by the achievement of the organization’s objectives

(POLICY Project, 1999; Brinkerhoff and Crosby, 2002).

What is stakeholder analysis in public policy?

Stakeholder analysis is

a process of systematically gathering and analyzing qualitative infor- mation to determine whose interests should be taken into account when developing

and/or implementing a policy or program.

What is meant by stakeholders?

A stakeholder is

a party that has an interest in a company and can either affect or be affected by the business

. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.

Who are actors and stakeholders in public policy making?

Those involved in this category are

the legislators, the executive, the administrators and the judiciary

. Each of them performs policy-making responsibilities in a different way from the others. They are governmental actors who occupy formal public positions and political offices and serve as the actual policy makers.

What are the four types of stakeholders?

  • #1 Customers. Stake: Product/service quality and value. …
  • #2 Employees. Stake: Employment income and safety. …
  • #3 Investors. Stake: Financial returns. …
  • #4 Suppliers and Vendors. Stake: Revenues and safety. …
  • #5 Communities. Stake: Health, safety, economic development. …
  • #6 Governments. Stake: Taxes and GDP.

What powers do stakeholders have?

Stakeholders may also

wield power to influence business practices

in a few other ways. Technology, cultural norms, the environment and direct persuasion of groups have also been cited as areas of stakeholder power.

What is the role of a stakeholder?

What Is the Role of a Stakeholder? A stakeholder’s primary role is

to help a company meet its strategic objectives by contributing their experience and perspective to a project

. They can also provide necessary materials and resources.

What are the 5 key stakeholders?

Some examples of key stakeholders are

creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its

resources.

Why are stakeholders important in policy?

Stakeholder engagement is widely lauded as an important methodology for improving clinical, scientific, and public health policy decision making. … Each setting provides an important context for

examining the methods of obtaining and integrating informed stakeholder voices into the policy

-making process.

Which are the three main attributes of stakeholders in salience model?

The Stakeholder Salience Diagram models stakeholders along three dimensions of:

power, legitimacy, and urgency

. These three attributes are combined into an overall level of stakeholder salience for the project.

What is another word for stakeholders?

  • collaborator.
  • colleague.
  • partner.
  • shareholder.
  • associate.
  • contributor.
  • participant.
  • team member.

How are employees stakeholders?

Employees are

primary internal stakeholders

. Employees have significant financial and time investments in the organization, and play a defining role in the strategy, tactics, and operations the organization carries out.

What do we mean by stakeholders and their interests?

What do we mean by stakeholders and their interests? Stakeholders are

those who may be affected by or have an effect on an effort

. … Primary stakeholders are the people or groups that stand to be directly affected, either positively or negatively, by an effort or the actions of an agency, institution, or organization.

How do you identify stakeholders?

Identify Your Stakeholders

Start by

brainstorming who your stakeholders are

. As part of this, think of all the people who are affected by your work, who have influence or power over it, or have an interest in its successful or unsuccessful conclusion.

What are the types of stakeholders?

  • Suppliers.
  • Owners.
  • Investors.
  • Creditors.
  • Communities.
  • Trade unions.
  • Employees.
  • Government agencies.

What is the difference between actors and stakeholders?

As nouns the difference between actor and stakeholder

is that

actor is a person who performs in a theatrical play or film

while stakeholder is a person holding the stakes of bettors, with the responsibility of delivering the pot to the winner of the bet.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.