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The Role of Proper Stakeholder Analysis for a Business

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Words: 591 |

Page: 1|

3 min read

Published: Apr 15, 2020

Words: 591|Page: 1|3 min read

Published: Apr 15, 2020

For any business or any startup to flourish, the most important aspect is its utilization value by the people. The more the required service or product will be, the more will be its business and success. Also for any business, it is the keen need that the facilities which are required by the costumers are included in the product or service. Many times it happens, that startups with lot of facilities providing to customers end up in failures. Also as mentioned, that for any startup or business, there must be a thorough analysis of the requirements that are needed. Also there must be proper designing and beta testing before the actual launch. For this process, the simple way of doing that is directly getting the information from the end users. This can be done in various ways.

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Traditionally, people used to call and take survey from the people but now a days no one responds to such calls. Thus now in order to take the public response, surveys and polls are done online. Thus it is an easier mechanism to get maximum inputs for any company to design their business and startup. Thus, for the founders or developers of any Home stay for tourists web portals which provide the best stays at affordable rates, the main stream business stakeholders are travellers and tourists. Their need and requirement as to be satisfied which are not being given by current established web portals. Thus in order to take the opinions of the main stream stakeholders response various methodologies have to be applied.

The very first and trusted method is to prepare a survey which has only few questions because many people won’t like to fill long surveys. That surveys should be given to major companies like Google, etc who have well established apps to make the surveys of the newly established companies to reach to the people and help them to improve. Other than that, some rewards must be given in any terms to those people who fill the surveys. Also if someone shares the surveys and the shared person fills and give the response, then some other rewards should be given to them. In present times, the social media is at its peak. Thus getting a response from their will help a lot in knowing the major young generation’s demand and what they want from such portals. Thus, the companies should make their profile on the social media platform and share their concept on that page. Also they should give users to review them on 5 point stars as well as with comment responses. Thus the average points given will help the company know about the liking and disliking by the people. Also the comments by people will let them know the views of the main stream stake holders.

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On the social platforms only, startups can take the polls and short surveys with only specific questions that can be answered in a minute time. Other than these methods, companies should review the comments that are being given at the currently existing web portals on various platforms regarding the problems faced by them or what else they need on the portal. Also before developing the portal, the developers should find out that interactive and hustle free UX which will be best soothing for the users. Also they should give a proper space for reviewing the portal after getting the service. These are some best practices which is of great use for the developers to find the real interest and requirements of the main stream stakeholders.

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Prof. Linda Burke

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The Role Of Proper Stakeholder Analysis For A Business. (2020, April 12). GradesFixer. Retrieved July 18, 2024, from https://gradesfixer.com/free-essay-examples/the-role-of-proper-stakeholder-analysis-for-a-business/
“The Role Of Proper Stakeholder Analysis For A Business.” GradesFixer, 12 Apr. 2020, gradesfixer.com/free-essay-examples/the-role-of-proper-stakeholder-analysis-for-a-business/
The Role Of Proper Stakeholder Analysis For A Business. [online]. Available at: <https://gradesfixer.com/free-essay-examples/the-role-of-proper-stakeholder-analysis-for-a-business/> [Accessed 18 Jul. 2024].
The Role Of Proper Stakeholder Analysis For A Business [Internet]. GradesFixer. 2020 Apr 12 [cited 2024 Jul 18]. Available from: https://gradesfixer.com/free-essay-examples/the-role-of-proper-stakeholder-analysis-for-a-business/
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