The impact analysis helps companies decide what stakeholders are most critical to survival.
The basic steps of an Impact Analysis are:
Identify stakeholders
Identify their interests and concerns
Identify what claims they are likely to make
Identify most important stakeholders
Identify the resulting strategic challenges
This process identifies the types of stakeholders that come from an Impact Analysis. While stakeholders are an important part in the mission and strategic development of a firm, they are distinctly different than a firm’s shareholders.
Post a brief summary major differences between the general category of shareholders vs. stakeholders in addition to the obvious difference that one owns part of the firm and the other doesn’t.