What Is Stakeholder Analysis Compared To Stakeholder Management?

In today’s business world, it is essential to understand the needs, expectations, and concerns of stakeholders. Stakeholders are individuals or groups who have a vested interest in an organization’s activities, products, or services. The stakeholders may include customers, employees, suppliers, shareholders, government agencies, and other groups. It is crucial to manage stakeholders effectively to ensure that an organization achieves its objectives while meeting stakeholder needs.