Decisions In Paradise Part Ii
...be researched for the meeting with the stakeholders. Numerous tools are available to gather data that will assist stakeholders in determining if the project risks are acceptable. To begin, we need to know who the stakeholders are. A stakeholder is defined as, “individuals who perceive themselves to have an interest in the actions of an organization. They may be customers, shareholders, employees, or just members of society” (Lattimore, Baskin, Heiman, Toth, & Van Leuven, 2004, p.139). By identifying the stakeholders, the project planners can analyze the individual or group concerns through a stakeholder analysis.
De Kluyver and Pearce sate that a stakeholder analysis is “the process of identifying and prioritizing key stakeholders, assessing their needs and concerns, and incorporating their ideas and insights into the strategy formulation process” (What is strategy, 2006, p.7). The analysis can assist with identifying who the project proponents are. Additional attention could then be used to research the concerns that the opponents of the project may voice. The primary goal is to have a majority, if not all, of the stakeholders in agreement with the final decision.
From reviewing the stakeholders’ analysis, the key players are supporters of the project while on the other hand; security and fiscal office see the risks too high. The stockholders are predicted as being neutral. If the stock holders see that the risks are too high, they could be influenced by the opponents to change their decisions. Chris Morales is confident that after presenting all of the research data, the project will receive backing from the stockholders. The possibility of the company’s interest being targeted by terrorists would raise security concerns as well as the financial obligations. Our research must provide the answers to these issues to help reduce the level of...
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