MJ Industries

Stakeholder analysis is a fundamental process that identifies the key players involved in or affected by a project. It helps in determining who should be surveyed through primary research. These stakeholders can include owners, employees, customers, suppliers, competitors, regulatory bodies, and governments. Understanding their interests and the potential impact on them is vital for successful project outcomes. Organizational Stakeholders: Internal parties such as employees and management. Economic Stakeholders: External parties with direct links, like suppliers and customers. Societal Stakeholders: External parties with indirect links, such as the community and environmental groups. Researchers need to assess the importance of each stakeholder, select those needed for the study, and evaluate the impact from various stakeholder options. Identifying and prioritizing stakeholders helps minimize external pressures and maximize support and resources. Primary and Secondary Data Collectio...