When somebody is labeled a key stakeholder, it simply means that person is one of the top stakeholders in the business and its projects.
Stakeholders may not care that to get what they want; the project will take twice as long or cost double what you have budgeted for it. Keep the messages flowing for constant reinforcement of the shared ideas, and give feedback on how ideas are being incorporated into the process.
Building commitment through broad stakeholder engagement is an increasingly important element of the strategic planning process. He also serves with a global investment fund based on Christian values that helps SMEs to grow in size, profitability and holistic impact in the Arab world and Asia.
If his support for a major project were withdrawn, would that project be able to move forward? Customers, suppliers, and governments are all directly impacted by the operations carried out in a financial way. If your business plan is more than ten pages long, consider including a table of contents that lists sections and subsections.
Having stakeholders able to play the devil's advocate means that ideas are flushed out beyond the sizzle of the initial idea. You may even consult the customers during development. Include representatives of stakeholder groups in discussions for strategic planning to the greatest extent possible, and do not limit planning and review sessions only to the top level of management.
Are Customers Key Stakeholders?
Actively involve stakeholders in the process.