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The government, as an external stakeholder in the Stakeholder Analysis framework, plays a significant role. It has the capability to pass rules and regulations that directly affect the company. The government's preferences and reactions to the organization's business decisions and trajectory can be very influential. It's important for the organization to consider the government's potential reactions and regulatory changes when making strategic decisions.
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As opposed to internal stakeholders, external stakeholders are those who aren't directly involved with the organization, but their preferences and reactions to the organization's business decisions and trajectory can sometimes be very influential. On a macro level, this could be the government, as it has the capability to pass rules and regulations that directly affect the company, advocacy groups to promote or denounce the company, media organizations and how they portray the company, or social communities that are locally or internationally engaged.
Asked on the following presentation:
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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