Identifying Stakeholders: A Quick Innovation Managers Guide

Identifying Stakeholders: A Quick Innovation Managers Guide

Stakeholders are everywhere in innovation management, and it is important to identify and manage them to achieve success. This article discusses the three attributes that can help managers categorize stakeholders: power, legitimacy, and urgency. By considering these attributes, stakeholders can be assigned to one of seven categories, including dormant, discretionary, demanding, dominant, dependent, dangerous, and definitive. The article also suggests that the experience and perceptions of managers play a role in identifying and managing stakeholders effectively. Being prepared to be held accountable for the progress and outcomes of the innovation project can help keep stakeholders happy and achieve success.

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More Innovation Resources:

Types of Innovation – The Ultimate Guide with Definitions and Examples

Understanding the types of innovation and finding the ones suitable for your business can help solve problems and create new value for customers. Here are four common types of innovation: incremental, disruptive, sustaining, and radical.

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What the build-measure-learn feedback cycle is and what it does for innovation

The build-measure-learn feedback cycle is a crucial component of innovation that involves developing and testing small product ideas to determine their viability and success.

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Why it Takes Time to be an Overnight Success

Strategic success requires internal alignment, but it takes time and effort. Follow these steps to achieve executive alignment, separate programs from “Business As Usual,” clarify roles, bridge the gap between theory and practice, implement risk management, and measure results.

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