Stakeholder Analysis Essay

Stakeholder Analysis Essay-14
Certain benefits accrue from the inclusion of certain stakeholders in an event.

Certain benefits accrue from the inclusion of certain stakeholders in an event.

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The following benefits may be realized through inclusion of relevant stakeholders in event management.

The opinions of some stakeholders are crucial to the success of an event.

However, not all of the aforementioned stakeholder’s opinion may come in a manner aimed at aiding in the success of an event.

Others are purely motivated by critical innuendos and it is the responsibility of the event manager to indentify right and wrong criticism (Stanford, 2012). Sometimes, such resources are what the event manager s requires to ensure that an event is a success.

It follows that stakeholders need to be evaluated to remove distracters that hide in the name of stakeholders and interested parties.

It is also the cardinal responsibility of an event manager to know the various stakeholders and determine their relevance regarding the success of an event (Stanford, 2012).For example, if England wanted to hold the world cup, it would be crucial to engage with the renowned football clubs, which have excellent stadia to be used during the event.The event managers would also engage with the government to provide the needed security machinery to make the event a success.For example, when planning a wedding for a high profile individual, it would be crucial to listen to renowned designers, hoteliers, security experts, and Public Relations experts.These individuals may be interested in the event for monetary or business gains, but may provide the much-needed input to ensure that the event is a success.Hence, it is vital to indentify the stakeholders resourceful standing may be crucial in the success of an event (Allen et al. Communicating with stakeholders is part of engagement between event manager s and stakeholders.Communication of the progress and parameters of success of an event is crucial to mitigate expectations and to receive supplementary feedback.Additionally, events such as world cups require prior timetables for matches prepared.This way, the stakeholders know what to expect and can therefore plan.One of the major risks of the failure to conduct a proper stakeholder analysis is the possibility of not understanding the host community well.It would be disastrous to serve beef in an Indian wedding.

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