What stakeholder attributes do Mitchell et al 1997 suggest make stakeholders salient?
What stakeholder attributes do Mitchell et al 1997 suggest make stakeholders salient?
We base our model on the stakeholder salience model by Mitchell et al. (1997). In their theory they suggest that three stakeholder attributes – power, legitimacy, urgency – affect stakeholder salience and influence managerial decisions.
Who is Mitchell et al?
Mitchell et al. (1997) developed a theory of stake- holder identification and salience by bringing together three important social science concepts to characterize stakeholders: power, legitimacy, and urgency, which they labeled stakeholder attributes.
What is the theory of stakeholder salience?
Stakeholder salience is the degree to which the stakeholders are visible, vocal, and important to a project. It is an important aspect of stakeholder management. It is common for highly vocal stakeholders to try and define requirements and make decisions beyond their expertise and authority.
Who are definitive stakeholders?
Definitive Stakeholders – An expectant stakeholder who gains the relevant missing attribute. Often dominant stakeholders with an urgent issue, or dependent groups with powerful legal support.
What are stakeholder attributes?
Empirical studies suggest that three stakeholder attributes (power, urgency, and proximity), and four types of stakeholder behaviors (cooperative potential, competitive threat, opposite position, and neutral attitude) are perceived by the practitioners as important to dealing with stakeholder claims.
What is the power of stakeholders?
Stakeholders are the people who matter to a system. Stakeholder power analysis is a tool which helps understanding of how people affect policies and institutions, and how policies and institutions affect people.
Which are the three main attributes of stakeholders in salience model?
A stakeholder salience model diagram is a Venn diagram comprising circles representing three attributes: power, legitimacy, and urgency. The intersection of circles shows stakeholders with multiple attributes. Based on these attributes, you can classify stakeholders into seven groups.
What are my stakeholders?
A stakeholder has a vested interest in a company and can either affect or be affected by a business’ operations and performance. Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations.
Which is the second attribute of a stakeholder?
A second attribute for identifying stakeholders is therefore the desirable social good that they represent. While legitimacy is often entangled with power, it is important to treat it separately. Urgency is the “degree to which stakeholder claims call for immediate attention.” (Mitchell et al ., 1997, p. 867).
What is the definition of a definitive stakeholder?
If a stakeholder has three elements, it is called definitive stakeholders and requires immediate attention for management and communication. Dormant Stakeholder- the stakeholder has the power but not have legitimacy or legitimacy. They do not require any engagement at the moment.
Why is stakeholder salience important to stakeholder theory?
Stakeholder Salience is a very useful addition to Stakeholder Theory. In addition to providing a model to help identify ‘who and what counts’ it can explain some stakeholder behaviour. For example people who have an issue that is urgent to them, but don’t have any power or legitimacy are demanding.
How are the characteristics of stakeholders can change?
Three elements of stakeholders can change: any events can change the characteristics of a stakeholder without warning. Communication managers need to be vigilant of the changes of the external stakeholders and the environment.