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Stakeholder Analysis can significantly contribute to creating better end products. It helps in identifying and understanding the needs and expectations of major stakeholders. This understanding can then be used to shape the product's features and functionalities, ensuring it meets the stakeholders' needs. Furthermore, it can help in prioritizing the stakeholders based on their influence and interest in the project. Those with high interest and influence can provide valuable feedback and support, which can be instrumental in improving the product.
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If a stakeholder's interest is high, but their influence is low, show them enough consideration and inform them of any upcoming announcements. You can also make use of their interest through their involvement in low-risk areas. These stakeholders could be great supporters with game-changing feedback later down the line.
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How do you measure the impact of individual members of the team, investors, customers, or even regulatory agencies on a project's success or failure?...
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