Running head: STAKEHOLDERS ENGAGEMENT IN POLICY DEVELOPMENT 1 STAKEHOLDERS ENGAGEMENT IN POLICY DEVELOPMENT 5 Stakeholders Engagement in Policy Development Student’s Name Institutional Affiliation The topic chosen for the research paper is “Stakeholders Engagement in Policy Development .” It is accompanied with the problem statement of examining the way the stakeholders’ engagement in the policy development is used to develop the policies together with the impacts of the stakeholders in the development of the policies. 1. Introduction The stakeholder’s engagement is referred to as the process whereby the organization involves the individuals that will be affected or can influence the decisions to be made. The stakeholders either support or opposes the decisions which will influence the organization both internally and externally. The stakeholders’ engagement has been seen to improve the decision making in a given organization. The main aim of this paper is to examine the way the stakeholders’ engagement in the policy development is used to develop the policies together with the impacts of the stakeholders in the development of the policies. While most of the organizations have the interest in engaging the stakeholders in the issues to deal with the policies, there is a great divergence when the stakeholders are engaged. This includes the purpose of the stake holders, when to engage them during the development of the policies, the methods to be used for the engagement, their impact, challenges, and the outcome of using the stakeholders. 2. Key Stakeholders to be Involved in the Development of the Policies Stake holders are the group of people or the organizations that are involved in the process of the policy development. In any of the organization, the stakeholders includes the public, the policy makers, researchers, the advocacy groups, employees, and the consumers among other people who are affected by the law (Lemke, 2015). Each of the stake holders comes up with his or her different opinion in the development of the policies. However, there are six major types of stakeholders. These are the customers, employees, investors, suppliers, communities, and the government (Corperate Finance Institute, 2019). As the different stakeholders have the different interests, their contribution to the development of the policies is different. 3. Reasons for Engaging the Stakeholder In the stakeholders’ engagement, there is different reasons as to why they are involved. Among them is the production of the quality decision making. Secondly is for the avoidance of the duplication of the policies together with the identification of the commonality. Thirdly is to increase the effectiveness and the efficiency of the policy as it will be covering all round. Fourthly, it increases the practices of the risk management. Fifth, it enhances a great sensitivity of the policy to all the needs and t ...

1. Running head:
STAKEHOLDERS ENGAGEMENT IN POLICY
DEVELOPMENT 1
STAKEHOLDERS ENGAGEMENT IN POLICY
DEVELOPMENT 5
Stakeholders Engagement in Policy Development
Student’s Name
Institutional Affiliation
The topic chosen for the research paper is “Stakeholders
Engagement in Policy Development
.” It is accompanied with the problem statement of examining
the way the stakeholders’ engagement in the policy development
is used to develop the policies together with the impacts of the
stakeholders in the development of the policies.
1. Introduction
The stakeholder’s engagement is referred to as the process
whereby the organization involves the individuals that will be
affected or can influence the decisions to be made. The
stakeholders either support or opposes the decisions which will
influence the organization both internally and externally. The
stakeholders’ engagement has been seen to improve the decision
making in a given organization. The main aim of this paper is to
examine the way the stakeholders’ engagement in the policy
development is used to develop the policies together with the
impacts of the stakeholders in the development of the policies.

2. While most of the organizations have the interest in engaging
the stakeholders in the issues to deal with the policies, there is a
great divergence when the stakeholders are engaged. This
includes the purpose of the stake holders, when to engage them
during the development of the policies, the methods to be used
for the engagement, their impact, challenges, and the outcome
of using the stakeholders.
2. Key Stakeholders to be Involved in the Development of the
Policies
Stake holders are the group of people or the organizations that
are involved in the process of the policy development. In any of
the organization, the stakeholders includes the public, the
policy makers, researchers, the advocacy groups, employees,
and the consumers among other people who are affected by the
law (Lemke, 2015). Each of the stake holders comes up with his
or her different opinion in the development of the policies.
However, there are six major types of stakeholders. These are
the customers, employees, investors, suppliers, communities,
and the government (Corperate Finance Institute, 2019). As the
different stakeholders have the different interests, their
contribution to the development of the policies is different.
3. Reasons for Engaging the Stakeholder
In the stakeholders’ engagement, there is different reasons as to
why they are involved. Among them is the production of the
quality decision making. Secondly is for the avoidance of the
duplication of the policies together with the identification of the
commonality. Thirdly is to increase the effectiveness and the
efficiency of the policy as it will be covering all round.
Fourthly, it increases the practices of the risk management.
Fifth, it enhances a great sensitivity of the policy to all the
needs and the wants of the community. Sixth, there is a high
degree of confidence of the policies together with the
transparency as the practices will be aligned with the needs of
the society. Lastly, it helps in increasing the accountability of
the investments of the public resources hence trustworthy and
quality policies (Lemke, 2015). All these reasons makes the

3. policy to be effective and supporting both the external and the
internal environment of the organization in one way or the
other. As a result of these, there is a development of the
effective and efficient policies.
4. Stages for the Policy Development
Even though there are no guidelines and the rules for the
development of the policies, the roles of the stakeholders play a
major role in the process of the decision making. The general
stages for the policy development are as follows. The agenda
setting, analysis, formation of the policies, implementation,
review and the evaluation of the policies (Siu, 2013). With the
different phases for the policy making, the different
stakeholders are being in the different phases for the cycle of
the policy development. At this level, it is also where we will
be able to know the exactly when the stakeholders will be
engaged in the process of the policy development. This steps
can be skipped, reversed or even recycled throughout the
lifetime of the development of a single policy (Lemke, 2015).
5. Impacts of the Stakeholders in Policy Development
Stakeholders are the very important bodies in the development
of the policy. They have a lot of impacts in that they give the
valuable feedback and the information which is important is
important in the development of the policies. Besides, they help
the cooperation to identify the risks in the development of the
policies together with the external risks that might affect the
policies and running of the organization. The stakeholders are
very important as they are the ones which led to the success of
the company.
6. Challenges Faced
The engagement of the stakeholders in the policy development
has several challenges. The first challenge is the identification
of the right stakeholders who will well represent a large group.
Secondly are the resources which are needed for facilitate the
engagement of the stakeholders to all the processes for the
policy making (O'Neill, 2011). Thirdly is to determine the ways
in which the input of the stakeholders together with the

4. different cultures that are involved among the different
stakeholders. Lastly is the challenge of articulating all that
could be done by the stakeholders.
7. Conclusion
In conclusion, we can see that the stakeholders are very
important people in the organization. Their influence is very
powerful as it the one which either led to the success or the
failure of the organization.
References
Corperate Finance Institute. (2019). Stakeholder. Retrieved
from CFI:
https://corporatefinanceinstitute.com/resources/knowledge/finan
ce/stakeholder/
Lemke, A. A.-W. (2015). Stakeholder engagement in policy
development: challenges and opportunities for human genomics.
Genetics in medicine, 949-957.
O'Neill, M. B. (2011). Executive coaching with backbone and
heart: A systems approach to engaging leaders with their
challenges. John Wiley & Sons.
Siu, B. C. (2013). Developing public policy: A practical guide.
Running head:
STAKEHOLDERS ENGAGEMENT IN POLICY
DEVELOPMENT
1

5. Stakeholders Engagement in Policy Development
Student’s Name
Institutional Affiliation
Running head:
STAKEHOLDERS ENGAGEMENT IN POLICY
DEVELOPMENT 1
Stakeholders Engagement in Policy Development
Student’s Name
Institutional Affiliation