1.4 Introduction When people talk planning they often use the term This simply refers to ‘stakeholders’. the people, groups, organisations that may have an interest in the business or be directly affected by the plan. As you develop your plan you will think of its stakeholders. Every additional stakeholder is someone else who has an interest in your business and can, therefore, be another source of support or contribute information. Types of stakeholders Stakeholders may include: Customers Employees Government agencies Owners Suppliers Strategic alliance partners. Importance of involving stakeholders Communication throughout the planning, preparation and delivery of operational planning is vital to ensure that all stakeholders: Are involved Had the chance to contribute Provide feedback on initial strategies and approaches Understand how operational plans and strategies will affect them How the operational plan will interrelate or impacts other stakeholders. All successful planning activities are a result of effective teamwork. This highlights the need to involve others so that operational planning approaches are thoughtfully explored.
1.4 Introduction When people talk planning they often use the term ‘stakeholders’. This simply refers to the people, groups, organisations that may have an interest in the business or be directly affected by the plan. As you develop your plan you will think of its stakeholders. Every additional stakeholder is someone else who has an interest in your business and can, therefore, be another source of support or contribute information. Types of stakeholders Stakeholders may include: Customers Employees Government agencies Owners Suppliers Strategic alliance partners. Importance of involving stakeholders Communication throughout the planning, preparation and delivery of operational planning is vital to ensure that all stakeholders: Are involved Had the chance to contribute Provide feedback on initial strategies and approaches Understand how operational plans and strategies will affect them How the operational plan will interrelate or impacts other stakeholders. All successful planning activities are a result of effective teamwork. This highlights the need to involve others so that operational planning approaches are thoughtfully explored.