Stakeholder Identification

Stakeholder identification is the process of recognizing individuals, groups, or organizations that have an interest in or are affected by a project or decision. These stakeholders can include customers, employees, suppliers, investors, and community members. Understanding who they are is crucial because their needs and concerns can impact the success of the initiative. By identifying stakeholders early on, planners can engage them effectively, gather valuable input, and foster positive relationships, ultimately leading to better outcomes for everyone involved.