How to Make a Stakeholder Management Plan

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Summary

External stakeholders are not typically part of the organization itself but are made up of investors, users/customers, the media, neighboring businesses or governmental oversight authorities. Those with low interest and high priority might be your squeakiest wheels—keep the lines of communication open with them, but keep a firm boundary so as to not spend all your time focusing on them. Include a schedule of office hours for them to easily reach you so that they can have time provide feedback either in a private setting or in a group. Stakeholders help make it an extremely easy process by contributing funds, resources, materials, tools, expertise and more. It’s important that their interests are kept intact, and that you don’t find yourself facing the furrowed brow of a frustrated stakeholder who has heard some bad news.

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