Government stakeholders' influence
- how is government a stakeholder
- how is the government a stakeholder in business
What is a stakeholder
Government stakeholders meaning!
In the nuanced world of public and government affairs, stakeholder management emerges not merely as a procedural necessity but as a strategic imperative. For government affairs professionals, the stakes are high, with policies and governance strategies often subject to public scrutiny and stakeholder evaluation.
For public affairs practitioners, this can include situations ranging from community outreach, public-private partnerships, labour relations to regulatory compliance.
Stakeholder management, in this context, is the strategic orchestration of identifying, analyzing, and engaging with entities that have a vested interest or influence over a project of interest.
Define Stakeholders
Firstly, starting with the basic, what are stakeholders?
Communities as stakeholdersStakeholders refer to individuals, groups, or organizations that have an interest in, are affected by, or can influence the policies, decisions, and actions of the organisations. The graph below shows a typical stakeholder landscape commonly associated in external affairs roles.