Here is your weekly dose of Human Management with some more food for thought to leverage your growth.
Since we believe the Management Fixes are common and typical, every description is created and adapted from articles, blog posts, and definitions from other sources and authors.
A MngtFix is an actionable solution for a problem with pros and cons to be evaluated by a human manager.
This week’s MngtFix is…
By definition, a stakeholder meeting is a strategic event for introducing stakeholders to each other, gaining commitment, and defining objectives. It is also a method for collecting information. (1)
Every business or organization has individuals and groups interested in business activities and have a stake in its success. Keeping stakeholders informed is the best way to keep them engaged and up-to-date on topics having a potential impact on them. (2)
It will be easier to get their approval for new ideas and their support if problems arise by involving stakeholders in decision-making and communicating regularly through meetings and other channels. (2)
Inform, consult, and involve stakeholders so that you have better planned, informed, and accountable policies, projects, programs, and services. (3)
When you have regular meetings with stakeholders, you are more close to achieving their engagement and reach some benefits and advantages, like:
- Ensures that the project plans are a reflection of the real needs and priorities;
- Develops an environment of trusts by allowing the voices of the stakeholders to be heard and their issues to be known;
- Makes the project accountable to the stakeholders;
- Promotes transparency in the actions of the project and ensures that the project is held accountable for its actions;
- It is a key strategy to win support to the project, gain commitment to the project, and ultimately increase the chances for sustainability after the project has been completed. (4)