Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header about About Home Profiles articles Tools forums inspirational quotes About facebook Twitter YouTube Blog
Share for a Cause











Stakeholder Management - Capturing The Valuable Learnings

Guest post by: Martin Haworth

Article Overview: Whilst stakeholder management is all about the efforts you make with key influencers as a project or activity progresses, there is a real value in capturing learnings for the next time...

Free Download - Special Secrets to Micro-Managing Employee Performance By Martin Haworth
Name: Email:

Stakeholder Management - Capturing The Valuable Learnings

Managing stakeholders can be a pretty challenging experience at first, especially when the activity you are involved in is contentious and the parties involved strongly motivated in their own interests. Because stakeholders come in many guises, the way you handle each will determine the likelihood you will have for success - or failure - as your project progresses over its timespan.

These can be difficult interactions for anyone, so it's vital that you are clear in your objectives, keep all stakeholders fully informed and above all, maintain your composure, whatever provocations you might have to absorb.

These are marvellous experiences to have, even though sometimes - especially in the thick of a heated debate, perhaps - you might wonder just what you've gotten yourself into. And, since we learn best 'on-the-job', they are opportunities to learn - some might say the hard way - just like you would be unable to do from a textbook.

Evidence shows that we learn best with the following mix of mechanisms. 10% we learn when we spend time in a classroom, with a tendency for this to be informational understanding that is best given in this format.

20% of our learning comes when we are able to take advantage of one-to-ones with mentors or coaches, sometimes our line manager and at others times key individuals who can fulfil these roles adequately.

By far the most effective way to learn (a massive 70% is the most common statistic) is through experiences on-the-job, where we take active part, sometimes through successes and at other times where things don't quite go to plan.

The key to learning, as you manage your stakeholders, is to ask the following two simple questions of yourself:-

"What went well?"

"What could I do differently next time?"

These two key phrases acknowledge that much of what you do is worthy of celebration, because you actually did OK, as well as in most things, there are small improvements we can always make, thus refining our performance in a consistently upwards direction.

By ensuring that you have taken full advantage of the experiences you have with stakeholder management and then take the time to notice - and capture - what your experiences tell you, there will be more than enough opportunity for you to emulate your performance each time you have a go at this.

You see, when you are good with your stakeholder management, you can become even better, when you consider what you learned and bring that along the next time you need to managed these vitally important groups.

Related Articles
  Examine Buy In with Stakeholder Analysis
  Stakeholder Management - Get Ready To Get Creative!
  Management Development Secrets - Getting Out Of Your Own Way
  Stakeholder Management Skills - Assessing Their Impact
  Stakeholder Management - Keep Your Updates Regular
  Stakeholder Management - Using The Team To Share The Load
  Management Development Secrets - Learning Outside The Box
  Unravelling CSR from Spin
  Enhancing Stakeholder Value with Resource Management Software
  How does policy either motivate or undermine employee performance?
  5 Rules for Student Leaders
  The Door to My Office is Always Open! ...or is it?
  The key to marketing messages – Capture Attention First
  Closely Guarded Article Marketing Strategies for Acquiring Complete Search Engine Domination
  Number of SKUs and Business Complexity
  Crisis Management - The Essentials
  5 Secrets to Moving the Free Line With Your Client-Capturing Device
  Goals are Dreams with Deadlines: How Goal Clarity Will Get You Where You Want
  PR is a twoway street
  How does the complexity theory apply to business? (A Brief Dialogue)

Home > Business-Coach > Martin Haworth > Stakeholder Management Capturing The Valuable Learnings >
Article Tags: influencing skills, management development, managing stakeholders, stakeholder management, stakeholders

About the Author: Martin Haworth
RSS for Martin's articles - Visit Martin's website

(c) 2010 Martin Haworth is a business and management coach and trainer. He is the author of Super Successful Manager!, an easy to use, step-by-step weekly development program for managers of EVERY skill level and a leadership and management trainer and coach at Coach Train Learn!

Click here to visit Martin's website
Dashed Line

More from Martin Haworth
Should You Change Jobs Eight Things To Think About
Why Saying Well Done Works
Asking The Right Sort of Questions
10 Steps When You Need Help in Your Business
Listening The Critical Ingredient In Employee Development


Related Forum Posts
No B.S. Time Management No B.S. Time Management - A great book I read on Time Management is No B.S. Time Management for Entrepreneurs by Dan Kennedy.
Re: The Best Method for Online Marketing Re: The Best Method for Online Marketing - A good writing style and information is certainly useful. For all readers continue to write such excellent articles. Thank you.Thanks for sharing this formation. Valuable.enjoyed reading it…
Which kind of industries are you interested in? Which kind of industries are you interested in? - Ecological or E-business or Investment or Finance or Management or Non-Profit or Retailer or others.
HRPreneur HRPreneur - Hi everyone, I am new to the forum and I recently started my own Human Capital (HR) consulting firm called HRPreneur Inc. HRP focuses on making human capital a strategic differentiator for SME's. Below is a summary about HRP; Who We Are: HRP is a Human Capital consulting firm with 30 years of experience that becomes an extension of your company by providing a full array of services to help you create a highly engaged workforce focused on achieving strategic results in order to build a long lasting great company! Mission: HRP provides small and medium sized businesses a Strategic HR Business Partner to increase employee engagement, resulting in cost savings, increased productivity and results at an affordable rate! Vision: To inspire and warrant SME's reach their full competency! Cost Effectiveness: We provide over 30 years of experience at a fraction of the cost at a strategic executive HR business level You will save between 50% to 60% in costs per year on salary, bonus, benefits, training, office space alone We will provide you additional cost efficiencies through our services Services: • Strategic Human Resources Planning • Organizational Redesign • Change Management • Organizational Culture Development • Employee Engagement Programs • Leadership Assessment and Development • Compensation Design • Talent Acquisition • Assimilation and On-Boarding • Performance Management • Talent Management & Succession Planning • Human Resources Due Diligence • Human Resources Audit • Full Service HR Outsourcing
Re: what position to request? Re: what position to request? - What do you think of: Executive Manager? Director of Product Management? I am not interested in working as a freelancer. As I mentioned, the purpose of what I am doing is to get involved into a startup that may become successful in the future. This is a situation when a group of people get together to launch something promising and invest into this their time and energy and even may be money.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article

Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Hypotheticals, Scenarios and Foresight

Coaching Tip: Identify Your Core Values

Stay Employed In A Down Economy

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.