STAKEHOLDER ANALYSIS

By Mat-thys Fourie on Sep 30, 2014 6:35:00 PM

THE ANCHOR FOR SUCCESSFUL DECISION MAKING

Decisions fail everyday in most organizations, and the reason for this does not seem to get through to decision makers. If you do a study to get to the bottom of why decisions fail you would uncover two factors as being the main culprits for this failure. That is “ Lack of Stakeholder inputs” and “ Lack of using a proper decision making process”.

Today, let’s talk about the first and most important one – stakeholder inputs. We could make a statement that the level of collaborative inputs equals the level of implementation commitment and we will not be far from the truth. In fact the following equation is most applicable in decision making:

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