Question

In: Operations Management

How do you determine who the stakeholders are in your project? Where do you go to...

How do you determine who the stakeholders are in your project?

Where do you go to get a list of the stakeholders?

Can a stakeholder be a person and/or an entity such as a corporation?

Solutions

Expert Solution

1. Stakeholders in a project are determined based on the investments done by individuals or organizations into the project, i.e. the money put into the project is the indicator of stakeholders in that project. The investment made into the project decides the total worth of that project and the profit generated out of that project is divided into all the stakeholders in the ratio of their stakes in the project.

2. In order to get a list of the stakeholders, it is important to go to the company website or corporate entity listing site wherein complete details about the stakeholders, their stake in the project and their other relevant details are provided.

3. A stakeholder can be both a person or an entity such as a corporation. This is because there is no limitations on whoever wants to buy stake in a project or company and an individual or a corporation are given equal opportunity to buy stake in that project or company without any discrimination.


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