Poor Stakeholder Identification Analysis

Decent Essays
Poor stakeholder identification is one-reason that projects fail (Brady & Davies, 2014; Turner & Zolin, 2012). Specifically, companies can be negatively affected because, without thorough stakeholder identification, key stakeholders’ requirements and goals may not be identified and documented during the project-planning phase (Turner & Zolin, 2012; Silvius & Schipper, 2014). Stakeholders are used to help support projects and to make them successful by eliminating problems and issues as they occur. When stakeholders are not properly identified or engaged on a project, that project has a higher potential to fail (Tashman & Raelin, 2013; Brady & Davies, 2014; Mazur, Pisarski, Chang, & Ashkanasy, 2014). The results of one study (Tashman & Raelin, …show more content…
Another conflict that was found to cause poor stakeholder identification was conflicting stakeholder interests and personal career advancement between the stakeholders and project managers (Hill & Jones, 1992; Tashman & Raelin, 2013; Allen, Alleyne, Farmer, McRae, & Turner, 2014). Ideally, the relationship between the project manager and stakeholder should be a partnership not a conflicting relationship (Allen, Alleyne, Farmer, McRae, & Turner, 2014). Managers have the ability to influence and increase stakeholders’ value by managing how a company treats its stakeholders (Harrison, Bosse, & Phillips, 2010). When the management within a company does not identify all of the stakeholders, because of conflicts such as differing opinions about project prioritizes or personal career advancement the company’s financial and social responsibilities can suffer because stakeholders tend to implement withholding strategies to undermine managerial decisions (Tashman & Raelin, 2013). Withholding strategies occur when a stakeholder stops providing a resource, product, or service to the company with hopes that it …show more content…
Most of the studies in stakeholder literature focus on stakeholder management in the organizational and project management areas; however, despite the difficulty and importance of identifying stakeholders (Pacheco & Garcia, 2012; Turner & Zolin, 2012; Vos & Achterkamp, 2006), little research has been on how to identify stakeholders (Salado & Nilchiani, 2013). Pacheco and Garcia (2012) argue that there are too many definitions for the term stakeholder, which are being generically used in disciplines/industries in which they were not originally intended for. Very few stakeholder identification techniques, such as stakeholder analysis and expert judgment, exist and when they are used, they are commonly based on Freeman (1984), Olander (2007), definitions of the term stakeholder (Turner & Zolin, 2012). This is problematic because the authors of these multiple definitions describe stakeholders from their research perspectives, which may not apply equally to different fields of study (Turner & Zolin, 2012). The definitions of stakeholder need to be domain specific as opposed to universal (Vos & Achterkamp, 2006; Liu & Seddon, 2009; Doh & Quigley, 2014). This study, will address this gap by informing an industry specific definition, which can be used by project managers in the aerospace industry. By having a domain specific definition, aerospace project managers will be able to better utilize the identification techniques, such as

Related Documents

  • Improved Essays

    2. Who are the stakeholders in this case study and what are their interests and agendas?. Dr. Richard Ragsdale opened an abortion service in Rockford for the past 12 years. Because Dr Richard’ Ragsdale’s landlord refused to renew the lease, he was forced to move the site. When Dr Richard Ragsdale submitted paperwork to the state for the new location, he was advised that there is a public hearing to consider the need for the new facility.…

    • 553 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    A stakeholder is “any group or individual that can affect or be affected by an organization’s purpose.” With the idea of the stakeholder’s definition, there are many individuals that become affected by any one organization or business. Such people can be shareholders, financiers, employees, suppliers, customers, the surrounding community, and the government. Each different type of stakeholder has their own interests of which they would like to achieve from an organization. The stakeholder’s interests being focused on is that of an organization named Sears Holdings, specifically Sears, Roebuck, & Co. Sears, Roebuck, & Co also known, as Sears is a chain of department stores located in the United States.…

    • 980 Words
    • 4 Pages
    Great Essays
  • Decent Essays

    Nt1310 Unit 6

    • 910 Words
    • 4 Pages

    2.2.2 Empathy Summary Canvas It consists of five key parts: 1. First part is for user. In this section, we need to specify about the main user of the utility. The main user of this utility is the Administrator only. 2.…

    • 910 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Stakeholders In Nursing

    • 702 Words
    • 3 Pages

    1. Who are the stakeholders? Please identify them by role or job within the organization, not by name. Can you identify any “champions” or people within your organization that you can convert to champions?…

    • 702 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    According to the Center for Nonprofits, Nonprofit corporations are set up to help, teach and develop a public or community interest rather than for individual gain or monetary benefit (para. 3). There are six types of nonprofit organizations: public charities, private foundations, civic leagues and social welfare organization, trade and professional association, and social and recreation clubs. Stakeholders in a nonprofit organization consider those people who have an interest in your organization successfully reaching its mission. Nonprofits have both internal and outside stakeholders (para 5). Internal stakeholders are those work to for the organization and are committed to helping an organization reach their goals.…

    • 277 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    Domtar Swot Analysis

    • 1683 Words
    • 7 Pages

    Assignment 1: Strategic Management and Competitive Strategies Introduction The industry I have chosen for this assignment is the paper/forestry products industry. I have been working in this industry for nearly thirteen years and have extensive knowledge of the industry as a whole. The organization I will focus on is Domtar, my current employer. Domtar is “the largest North American manufacturer of uncoated freesheet communication papers” (Domtar. n.d.a).…

    • 1683 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    Nortel Case

    • 440 Words
    • 2 Pages

    1. Financing risk – Probability that the taxpayers’ investment in the network (e.g. CRTC deferral account) will not provide the benefits expected. Analysis: In my view, the likelihood of this risk to occur was medium to high given that one of the Nortel’s top executive had failed ten years earlier implementing a similar initiative. In addition, risk # 5 increases the probability of this scenario to occur.…

    • 440 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    Carlson Company Case Study

    • 1054 Words
    • 5 Pages

    Stakeholders are essential to the company. The Stakeholders will be the employees, managers, executives, stockholders, customers and suppliers (Lawrence and Weber, 2008, 9). Stakeholders can affect a company through voting, economically, politically, legally and informational (Lawrence and Weber, 2008, 7). Another benefit towards picking this option is that the company won’t break the Code of Conduct for the Protection of Children from Sexual Exploitation in Travel and Tourism…

    • 1054 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    3. Analyzing 3.1 Stakeholder Analysis Identify Stakeholder The stakeholders are important to company business decisions and performs. As Uber Company, the internet stakeholders are owners (co-founder Travis Kalanick and Garrett), the managers, IT support staffs and employees of Uber Company, and the external stakeholders include government, user/customer and competitors. Internet stakeholders: Owners (Uber CEO, Travis Kalanick; co-founder, Garrett): Uber CEO and cofounder, world’s newest tech billionaire, Travis Kalanick.…

    • 2384 Words
    • 10 Pages
    Superior Essays
  • Improved Essays

    Olympic Medical Center has formed a strategic plan to help shape their vision for serving their community. The main key goal areas are quality, patient safety and satisfaction, community relationships, and organizational performance. Regardless of the ability to pay, each person in their community is welcome to receive health care services at Olympic Medical Center. Healthcare is subject to many outside control factors such as governmental regulations and payment systems such as Medicare, Medicaid, and insurance companies.…

    • 965 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    However, many are against stakeholder theory. One argument against it is that it allows people to use the firm’s resources for their own needs (Jensen, 2002), perhaps even exacerbating the agency problem where managers can start to dubiously distribute the wealth of shareholders to ‘stakeholders’ (Sundaram and Inkpen, 2004). The theory is also sorely lacking in empirical support and some evidence even point to how adherence to the theory affects financial performance negatively (Meznar,…

    • 705 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    While the execution and completion of the project is being done, there are people who are affected by these and we are very grateful to count them as the stakeholders of this project. Also, stakeholders matter to us. We always consider them whether they are in a form of an organization or individual person. The influence of the stakeholders in the project objective and outcome also matters to us. The change made by the influence of the stakeholders will also change some parts of the project, whether it is a negative or positive outcome depending on the situation of the project.…

    • 1068 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Identifying and managing risks is a critical responsibility of project managers. Risk is defined as the probability of a specified threat and the subsequent impact that the event produces (Vaidyanathan, 2013). Risks can also bring about either positive or negative outcomes for a project or organization. A project manager must identify potential risks and evaluate each one to determine the severity and likelihood of each event. Only by completing the risk management process, a project manager can determine what approach would work best to avoid, mitigate, and/or transfer the risk.…

    • 730 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Project management literature is a broad expansion of knowledge that ranges from practical to theoretical exploration and analysis. On the surface, it has variable dimensions of knowledge and skill, but can be implicit on a profound level through the viewing lenses of other forums of management theories. One such theory that we will view project management through is institutional theory and its uses within this field. “… [I]nstitutional issues are important to the long-term performance of projects, that there is [a] benefit in recognizing them as a group, and that… [the institutional theory] …appl[ies] at this level in ways that are distinctive and useful.” (Morris & Geraldi, 2011, p. 24)…

    • 1407 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    iii. Factors influence Corporate Social Responsiveness In business world, managers have to deal with a range of unstable and ever-changing issues, as well as the same complex stakeholder groups that have different interests (McMahon, 1999). Davis and Blomstrom’s “Iron Law of Responsibility” mention that corporate social responsibility must commensurate with their social power (Salbu, 1993). Any avoidance of social responsibility will lead to the loss of power given by the society. Welcomer, Cochran, Rands, & Haggerty (2003) indicate that stakeholder power and corporate social responsiveness have positive relationship.…

    • 1119 Words
    • 5 Pages
    Improved Essays

Related Topics