Stakeholders can better understand the opportunities for participation and the part they can play in designing, implementing, and evaluating policies by planning and discussing plans for stakeholder participation.
What is stakeholder?
A stakeholder is any person, group, or organization whose interests are affected by the success or failure of a project or business venture. Stakeholders can be inside or outside the company funding the project, and they all have a vested stake in the project's success.
It aids individuals in planning their participation and making decisions about when, how, and how much to participate.
In order to successfully and efficiently achieve the established goals of stakeholder engagement throughout the cycle of policy creation and implementation, planning stakeholder participation include determining activities, methodologies, scheduling, roles, responsibilities, and resources.
The organization in charge of the policy's formulation, implementation, and evaluation should explicitly define and assign the task of conducting stakeholder participation. When the lead entity lacks the necessary skills to manage stakeholder engagement, help from others should be enlisted to help organize and manage the many aspects of participation.
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