Stakeholder Analysis Essay

Stakeholder Analysis Essay-24
For example, when planning a wedding for a high profile individual, it would be crucial to listen to renowned designers, hoteliers, security experts, and Public Relations experts.

For example, when planning a wedding for a high profile individual, it would be crucial to listen to renowned designers, hoteliers, security experts, and Public Relations experts.

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Stakeholders are individuals, groups of individuals or organizations that hold a special interest in an event including its operations and success.

Stakeholders are a critical pillar in the success of any event.

For example, if England wanted to hold the world cup, it would be crucial to engage with the renowned football clubs, which have excellent stadia to be used during the event.

The event managers would also engage with the government to provide the needed security machinery to make the event a success.

Additionally, events such as world cups require prior timetables for matches prepared.

This way, the stakeholders know what to expect and can therefore plan.It is crucial to note, however, that there is not any universally accepted way of approaching events management.Failure to conduct a stakeholder’s analysis may also results in an event full of hitches.However, not all events require constant communication while others need constant and sustained communication if they are to be successful.For example, invited guests to a high profile wedding would require having the venue and schedules.This would also point out the event manager’s failure to understand that in Indian culture cows are worshipped as gods.There are certain steps that are followed in the stakeholder analysis.Certain benefits accrue from the inclusion of certain stakeholders in an event.It is also crucial to note that not all stakeholders contribute positively towards an event.Hence, it is vital to indentify the stakeholders resourceful standing may be crucial in the success of an event (Allen et al. Communicating with stakeholders is part of engagement between event manager s and stakeholders.Communication of the progress and parameters of success of an event is crucial to mitigate expectations and to receive supplementary feedback.

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