A Stakeholder Analysis provides an overview and understanding of the stakeholder landscape surrounding a brand or an issue. The analysis always contains a list of the most influential stakeholders for the particular brand or issue and is often restricted to a particular geographic location, e.g. country. For each influential stakeholder the analysis also lists the stakeholder's popularity (how well known they are) in relation to the specific issue/brand.
Last but not least the Relative Influence (RI) is also calculated for each stakeholder. This measure indicates the likely relative 'return on engagement' with the stakeholder. Because the cost (in effort or direct cost) of engaging with a stakeholder is proportional to the stakeholder's popularity and the impact of a successful engagement is proportional to the stakeholder's influence, RI is an excellent metric on which to prioritise stakeholder engagements as it surfaces the 'low–hanging fruit'.
A Stakeholder Analysis provides an overview and understanding of the stakeholder landscape…
A Stakeholder Analysis also contains network maps and a host of network metrics that help provide a clear picture of the stakeholder universe. A Stakeholder Analysis can be (and often is) combined with other analyses that answer specific questions.
Several of the metrics in a Stakeholder Analysis can be maintained and continuously updated on a live dashboard.
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