Stakeholder Leverages in Negotiations

Description

This Skill Bit shows that stakeholder leverage refers to the amount of power or influence that a stakeholder holds in relation to a project or initiative. It encompasses factors such as financial resources, expertise, network, reputation, legal or regulatory power, and public opinion. Understanding stakeholder levers is vital for effective stakeholder engagement and management, enabling project managers to identify influential stakeholders and develop strategies to engage and manage them effectively.

Duration approx. 3 Min.

Tier: advanced