GRASP: Stakeholders People Power Projects & Strategy - A Call To Action presented by Prof. Agi Oldfield Thursday 16th June 2016

1. Prof. Agi Oldfield

2. } LSE – Decision Analysis Unit
} Project to understand thinking & problem
structuring in Decision Making
} How did people conceptualise a problem
} What people actually handle everyday decisions
} Data collected from Decision Conferencing and
interviews
} Human Factors central to Risk Management

3. } Stakeholder Analysis
} Vested interests
} Objectives
} Perceptions
} Perspectives
} Assumptions
} Agendas – overt or covert
} Other Organisational Factors

4. } Vested Interests and motivation – easier to identify
} Human Factors problematic
} Objectives – not always obvious or misperceived
} Perceptions – interpretation of information not rational
} Perspectives – operational lenses
} Assumptions – most problematic
◦ Levels of control
◦ Predicting probability – humans poor at probability
assessment
} Agendas – overt or covert
} Competence – how are they appointed – previous
experience
} Organisational Factors will influence the above

5. } Stakeholder Analysis for Risk reduction crucial
} People as Stakeholders
} Not limited to those directly involved/dependent
} Involuntary stakeholders
} Provides better understanding of influence for
success
} Stakeholder ‘failure rate’
} Provides better information for decision making