Avoiding Subjectivity in Stakeholder Analysis

Stakeholder Analysis
Knowledge Center

Best Practices
Strategist, USA

Avoiding Subjectivity in Stakeholder Analysis

As correctly stated in the excellent article above, any stakeholder analysis is typically the sum of the SUBJECTIVE PERCEPTIONS of the management team of the company. This means that if these perceptions are incorrect, the stakeholder analysis will also be incorrect. This could have devastating consequences for the strategy of the firm.
I am looking for ways how such subjectivity in Stakeholder Analysis can be decreased or avoided altogether. Who can help me?


Jim Burke, USA

Avoiding Subjectivity: Assumptions Exercise

Perceptions are tied closely to assumptions and one way to address that is to gather the key stakeholders for an assumptions exercise. That, then, puts forth the basis for the perceptions.
A technique taught me about 10 years ago helps smoke out those assumptions. Picture a graph, with a time line on the bottom/x axis and a metric on the left/y axis. Ask the stakeholders to draw trend lines about how the metric will be measured over the time line. For example, the metric could be profit or it could be customer satisfaction. Have everyone draw their lines on a tablet sheet (which you have prepared beforehand) and then transfer that to a large wall chart. Ensure that the senior stakeholder goes last. In the US, at least, the lines go every which way. The chart looks like a bowl of noodles. You then ask why the line was drawn like it was and out comes the assumptions which can be used to filter the perceptions.

Derrick, Ghana

Reports and Senior Qualified Personnel

To eliminate or reduce the level of perception or subjectivity of a stakeholder analysis, two key is... Sign up

Martin Buenger, Switzerland

Avoiding Subjectivity

The stakeholders analysis is always based on experience and intuition of the management. This is one... Sign up

John Jenkins, United Kingdom

Avoiding Subjectivity With Stakeholders

In a pure sense this probably not possible, as the information in use will always be 'a matter of op... Sign up

Claude Balleux
Strategy Consultant, Canada

Avoid Subjectivity towards Stakeholders

First, excuse my English. I think that this kind of exercise will never be objective. Because people... Sign up

Victoria G. Axelrod, United States

Network Analysis for Reducing Subjectivity in Stakeholder Analysis

Jim Burke's approach can be taken a step further by using Formal Network Analysis. Perception is rea... Sign up


More on Stakeholder Analysis:
Discussion Topics
How to Make a Decision in the Toughest Situations?
🔥Typical Stakeholders' Contributions and Rewards
What if Key Stakeholders' Expectations are not Matching?
👀Avoiding Subjectivity in Stakeholder Analysis
Consequences of not Doing a Stakeholder Analysis?
Satisficing all Stakeholders
Going 'Virtual' with Stakeholders
Key Stakeholders in the Agriculture Industry
Special Interest Group

Do you know a lot about Stakeholder Analysis? Become our SIG Leader

Stakeholder Analysis
Knowledge Center

About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2023 12manage - The Executive Fast Track. V16.1 - Last updated: 6-2-2023. All names of their owners.