Welcome to our one-minute guide series. Today we're looking at stakeholder management, a critical skill for the success of any project or business.

Stakeholders are individuals or groups who have an interest in the results of your project or organization.

Imagine this: you are a project manager or company leader. You have a team, customers, investors and the community. Everyone has different expectations.

How do you ensure that their needs are met?
How do you keep them engaged and satisfied?

The answer is stakeholder management

Identify your stakeholders.
Understand their needs and expectations.
Communicate regularly and effectively.
Keep them updated and engaged throughout.

Why is this so important? Because satisfied stakeholders lead to business success.

And that is “stakeholder management” in a nutshell!

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