MBA 687 Module 2 Memo

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Southern New Hampshire University *

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687

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Management

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Apr 3, 2024

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Module 2.2 Memo Southern New Hampshire University Leading Organizational Change Professor Palombo December 15, 2023
Use of Stakeholder Analysis A stakeholder analysis lets management understand the possible impact of organizational change and how stakeholders will react. It helps with decision making and understanding the risks and benefits of the change that is going to happen. Stakeholder analysis also allows managers to identify conflicts that may come up and have plans in place on how to address and best manage them. It is a great tool to understand the perspective, how they feel, and how they will help contribute to the change management process (Inteligencia, 2020). Identifying the stakeholders of the organization and what each is motivated by is crucial in organizational management. The different stakeholders influence the change initiative. Depending on how important the stakeholder varies how either negative or positive their influence will be on the change. The stakeholders can encourage the change by providing resources that are required in the change management process. Resources can be anything between knowledge and skills, that will assist the organization in creating effective plans. Benefits of Stakeholder Analysis There are many benefits to conducting a stakeholder analysis. One is communication through the right channels at the right time. It is important to keep communication flowing and have a back-and-forth dialogue to keep all stakeholders interested in the success of the project (Martins, 2023). Another benefit of the analysis is identifying the possible roadblocks of interest among key stakeholders. The ability to know the resistance to change in advance allows management to develop strategies to gain the acceptance of stakeholders and get their buy in on the change process. A third benefit identifying the level of the stakeholders. Knowing how much influence, interest, and importance each has that can potentially change the direction of the
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