(Solved Homework): Stakeholder Communication is different for each type or class of stakeholder. Compile a list of…

Stakeholder Communication is different for each type or class of stakeholder. Compile a list of stakeholders associated with a “build” type project of your choice. List each stakeholder group and how you proposed to communicate with each.

Expert Answer

Assuming the ‘Build’ type project refers to the Real estate, then in a build type project of mine, the following shall be the stakeholders and accordingly the communication system:

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·         Consumers: Via various promotional advertisement campaigns on Television commercials, social networking sites, Radio commercial, etc. to promote the various real estate projects that our Organization is building and selling.

·         Customers: Via direct source of communication channels such as Telephonic conversation or even better, face-to-face conversation as they are the most valuable assets of the Organization and we do need to be transparent with our approach to them.

·         Government: Submission of timely reports by adhering to the rules and norms as laid down by the Corporation and the Government at large, keeping them in the loop with the activities happening in our Organization and how it is constantly striving to maintain the high standards as prescribed by the Government.

·         Shareholders and other Financers: Preparation of Annual reports for their perusal in order to ensure them that the funds obtained by them are best utilized in the interest of the Organization to develop the real estate business.

·         Employees and other contractual laborers: Electronic meetings, Knowledge Management techniques, Brainstorming, E-mails, etc.

·         Suppliers: E-mails and Electronic meetings, Face to face discussions as well in order to make sure that the right type of materials are being constantly provided by them at the market-competitive prices.

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