Practical Methods for Handling Competing Stakeholder Interests

Practical Methods for Handling Competing Stakeholder Interests
Scenario:
The city of Centervale has proposed a plan to convert a close shopping strip mall into a small business development incubator park. The park will provide working space and free of charge equipment to entrepreneurs who want to start a business but don’t have the money; scientists who have innovative ideas for vaccines but don’t have a laboratory, struggling artists who don’t have a studio, and other innovative thinkers. It is expected that the park will spur an economic boom.

• As the project analyst who is responsible for critically evaluating whether a particular project should be implemented and who will provide analytical support for making recommendation to the senior state executive for project funding answer the following questions:

• What recommendation would you make to the state’s director of development as to why the project should not be approved?
• How would you handle the following?
o The interests of the homeowners as against the interests of the entrepreneurs
o The interests of the real-estate brokers as against the interests of the struggling artists
o The interests of the innovative scientists as against the interests of the local politicians opposed to the project
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